Noteworthy Price Action: Is Discovery Communications Inc. a Sell? The Stock Declines Again

Noteworthy Price Action: Is Discovery Communications Inc. a Sell? The Stock Declines Again

The stock of Discovery Communications Inc. (NASDAQ:DISCA) is a huge mover today! About 1.27 million shares traded hands. Discovery Communications Inc. (NASDAQ:DISCA) has risen 0.87% since March 4, 2016 and is uptrending. It has underperformed by 7.17% the S&P500.
The move comes after 9 months negative chart setup for the $10.71 billion company. It was reported on Oct, 7 by We have $25.14 PT which if reached, will make NASDAQ:DISCA worth $856.80M less.

Analysts await Discovery Communications Inc. (NASDAQ:DISCA) to report earnings on November, 1. They expect $0.44 EPS, down 6.38% or $0.03 from last year’s $0.47 per share. DISCA’s profit will be $172.43 million for 15.53 P/E if the $0.44 EPS becomes a reality. After $0.71 actual EPS 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. M Partners maintained it with “Neutral” rating and $28 target price in Friday, May 6 report. The firm earned “Sector Perform” rating on Wednesday, September 30 by RBC Capital Markets. As per Tuesday, September 27, the company rating was downgraded by Moffett Nathanson. The firm has “Mkt Perform” rating by FBR Capital given on Wednesday, September 30. The company was downgraded on Thursday, September 29 by Barrington Research. The stock has “Neutral” rating given by M Partners on Friday, February 19. On Friday, February 19 the stock rating was maintained by FBR Capital with “Mkt Perform”. The stock of Discovery Communications Inc. (NASDAQ:DISCA) earned “Hold” rating by Topeka Capital Markets on Monday, April 25. The company was maintained on Friday, August 14 by Citigroup. The stock of Discovery Communications Inc. (NASDAQ:DISCA) earned “Neutral” rating by UBS on Wednesday, November 4.

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 increased, 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.
Jackson Square Partners Lc holds 0.68% or 6.77M shares in its portfolio. Moreover, Canada Pension Plan Board has 0.01% invested in Discovery Communications Inc. (NASDAQ:DISCA) for 64,800 shares. Andra Ap holds 0.06% of its portfolio in Discovery Communications Inc. (NASDAQ:DISCA) for 91,100 shares. The New York-based Art Advisors Ltd Liability Corp has invested 0.03% in Discovery Communications Inc. (NASDAQ:DISCA). Hbk Invests L P holds 0.01% of its portfolio in Discovery Communications Inc. (NASDAQ:DISCA) for 36,811 shares. Carroll holds 0% or 177 shares in its portfolio. Altrinsic Glob Advisors Lc last reported 1.44M shares in the company. Commonwealth Svcs Limited Liability Co owns 199 shares or 0.01% of their US portfolio. Paloma Prtnrs Mgmt Com owns 73,491 shares or 0.02% of their US portfolio. Next Grp Inc accumulated 70 shares or 0% of the stock. Amp Investors Limited last reported 0.01% of its portfolio in the stock. Adage Cap last reported 356,600 shares in the company. Johnson Group Incorporated Inc accumulated 320 shares or 0% of the stock. State Street, a Massachusetts-based fund reported 9.78 million shares. Ftb Advsrs Inc holds 0.01% of its portfolio in Discovery Communications Inc. (NASDAQ:DISCA) for 2,732 shares.

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

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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