Price Action Report: How Analysts Feel About Discovery Communications Inc. After Today’s Big Increase?

Price Action Report: How Analysts Feel About Discovery Communications Inc. After Today's Big Increase?

The stock of Discovery Communications Inc. (NASDAQ:DISCA) is a huge mover today! About 1.96 million shares traded hands. Discovery Communications Inc. (NASDAQ:DISCA) has risen 7.68% since February 29, 2016 and is uptrending. It has underperformed by 4.54% the S&P500.
The move comes after 7 months positive chart setup for the $10.70 billion company. It was reported on Oct, 3 by We have $33.55 PT which if reached, will make NASDAQ:DISCA worth $2.46 billion more.

Analysts await Discovery Communications Inc. (NASDAQ:DISCA) to report earnings on November, 1. They expect $0.44 earnings per share, down 6.38% or $0.03 from last year’s $0.47 per share. DISCA’s profit will be $172.58 million for 15.50 P/E if the $0.44 EPS becomes a reality. After $0.71 actual earnings per share reported by Discovery Communications Inc. for the previous quarter, Wall Street now forecasts -38.03% negative EPS growth.

Discovery Communications Inc. (NASDAQ:DISCA) Ratings Coverage

Out of 18 analysts covering Discovery Communications (NASDAQ:DISCA), 3 rate it a “Buy”, 6 “Sell”, while 9 “Hold”. This means 17% are positive. Discovery Communications has been the topic of 43 analyst reports since August 3, 2015 according to StockzIntelligence Inc. On Friday, October 16 the stock rating was downgraded by Barclays Capital to “Equal-Weight”. The rating was maintained by UBS with “Neutral” on Wednesday, November 4. On Tuesday, April 26 the stock rating was downgraded by Macquarie Research to “Underperform”. The stock of Discovery Communications Inc. (NASDAQ:DISCA) earned “Neutral” rating by Macquarie Research on Wednesday, October 14. The firm has “Outperform” rating by Barrington Research given on Friday, May 6. The stock of Discovery Communications Inc. (NASDAQ:DISCA) earned “Neutral” rating by Citigroup on Friday, August 14. Moffett Nathanson downgraded the stock to “Sell” rating in Tuesday, September 27 report. As per Tuesday, February 16, the company rating was maintained by Topeka Capital Markets. The rating was maintained by RBC Capital Markets with “Sector Perform” on Wednesday, September 30. The stock of Discovery Communications Inc. (NASDAQ:DISCA) has “Buy” rating given on Wednesday, September 30 by Topeka Capital Markets.

According to Zacks Investment Research, “DISCOVERY COMMUNICATIONS INC., formerly Discovery Holding Company, is a holding company that conducts operations through its two wholly owned operating subsidiaries, Ascent Media Group, LLC and Ascent Media CANS, LLC, and throught its 66.66% owned equity affiliate Discovery Communications Holding, LLC. Ascent Media provides creative, media management and network services to the media and entertainment industries. Its client base includes motion picture studios, independent producers, broadcast networks, cable programming networks, advertising agencies, media producers, independent owners of television and film libraries, and media distribution channels. Discovery is a global media and entertainment company that offers original and purchased programming in the United States and over 170 other countries with over 100 television networks.”

Insitutional Activity: The institutional sentiment increased to 0.83 in Q2 2016. Its up 0.05, from 0.78 in 2016Q1. The ratio improved, as 46 funds sold all Discovery Communications Inc. shares owned while 198 reduced positions. 62 funds bought stakes while 140 increased positions. They now own 221.89 million shares or 10.95% less from 249.17 million shares in 2016Q1.
Leuthold Group Lc has 0.44% invested in the company for 164,686 shares. Atlantic Trust Gp has 0.05% invested in the company for 288,234 shares. Smithfield Tru accumulated 0% or 484 shares. Brandywine Global Mgmt Ltd Company has 146 shares for 0% of their US portfolio. Veritas Investment Ltd Liability Partnership has invested 0% of its portfolio in Discovery Communications Inc. (NASDAQ:DISCA). Loomis Sayles & L P holds 200 shares or 0% of its portfolio. Associated Banc last reported 0.02% of its portfolio in the stock. Employees Retirement Association Of Colorado holds 0.01% of its portfolio in Discovery Communications Inc. (NASDAQ:DISCA) for 61,875 shares. Moreover, Fiera Capital has 0% invested in Discovery Communications Inc. (NASDAQ:DISCA) for 8,950 shares. Blackrock Advisors Limited last reported 268,429 shares in the company. The Virginia-based Markel Corp has invested 0.48% in Discovery Communications Inc. (NASDAQ:DISCA). Ahl Partners Llp has 11,209 shares for 0.02% of their US portfolio. Nordea Investment Ab, a Sweden-based fund reported 10,855 shares. Finemark Natl Retail Bank has 7,033 shares for 0.02% of their US portfolio. Windsor Gru Limited accumulated 2.28% or 209,784 shares.

Insider Transactions: Since April 13, 2016, the stock had 0 insider buys, and 2 selling transactions for $5.59 million net activity. MALONE JOHN C also sold $444,360 worth of Discovery Communications Inc. (NASDAQ:DISCA) shares.

DISCA Company Profile

Discovery Communications, Inc., (Discovery), incorporated on April 28, 2008, is a global media company. The Firm provides content across multiple distribution platforms, including pay-television (pay-TV), free-to-air and broadcast television, Websites, digital distribution arrangements and content licensing agreements. The Company’s divisions are U.S. Networks, which consists principally of domestic television networks and Websites; International Networks, which consists primarily of international television networks and Websites; Education and Other, which consists principally of curriculum product and service offerings, and production studios, and Corporate and Inter-segment Eliminations.

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