Discovery Communications (DISCA) : The consensus price target for Discovery Communications (DISCA) is $29 for the short term with a standard deviation of $3.76. The most optimist securities analyst among the 13 who monitor the stock believes that the stock can reach $35, however, the pessimist price target for the company is $23.
Discovery Communications (DISCA) : Zacks Investment Research ranks Discovery Communications (DISCA) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 10 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 17 research analysts is 2.88, which indicates as a Hold.
Also, In a research note released to the investors, Macquarie upgrades its rating on Discovery Communications (NASDAQ:DISCA).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Underperform by the brokerage firm. The rating by the firm was issued on August 3, 2016.
Discovery Communications (NASDAQ:DISCA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.52 and $25.43 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.76. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.69, notching a gain of 0.71% for the day. The total traded volume was 2,285,636 . The stock had closed at $25.51 on the previous day.
Discovery Communications, Inc. (Discovery) is a media company. The Company provides content across multiple distribution platforms, including pay-TV, free-to-air and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Discovery operates in three segments: U.S. Networks, consisting of domestic television networks and Websites; International Networks, consisting of international television networks and Websites, and Education and Other. The Companys U.S. Networks segment consists of national television networks. The U.S. Networks segment owns and operates 10 national television networks. The Companys International Networks segment consists of national and pan-regional television networks. The Companys Education and Other segment consists of curriculum-based product and service offerings, and production studios. The Companys subsidiaries include Discovery Holding Company (DHC) and Discovery Communications Holding, LLC (DCH).