Hot Stock to Watch: Discovery Communications, Inc. (DISCA)

Discovery Communications, Inc. - DISCA - Stock Price Today - Zacks

North Star Asset Management Inc. lowered its position in Discovery Communications Inc. In third-quarter earnings reported this week, the network announced rising advertising sales in both its US and global segments as management prepared for an expensive merger with Scripps Networks Interactive (NASDAQ: SNI) that they hope will lay the foundation for faster growth ahead.

The 6% increase in earnings per share was powered by a sinking share count as Discovery spent $100 million on stock buybacks.

More notable recent Discovery Communications Inc.

DISCK has been the subject of several other reports. Tower Research Capital LLC TRC increased its holdings in Discovery Communications by 437.1% in the second quarter.

Discovery Communications has a 52 week low of $18.61 and a 52 week high of $30.25 with a P/E ratio of 10.76 The company's market cap is now $0.

Roumell Asset Management Llc holds 14.2% of its portfolio in Rosetta Stone Inc for 597,003 shares. Legal & General Group Plc raised its stake in shares of Discovery Communications by 1.0% in the first quarter. The overall volume in the last trading session was 7.16 million shares. (NASDAQ:DISCK) news were published by: Fool.com which released: "Why Discovery Communications Inc Stock Dropped Today" on November 02, 2017, also Nasdaq.com published article titled: "Discovery Communications Enters Oversold Territory (DISCK)", Wsj.com published: "Discovery Communications Reports Loss of Subscribers is Accelerating" on November 02, 2017. Also, the number of funds holding Discovery Communications Inc in their top 10 positions decreased from 13 to 5 for a decrease of 8. Teachers Advisors LLC now owns 472,618 shares of the company's stock worth $13,380,000 after purchasing an additional 5,324 shares during the period. Ballentine Partners LLC bought a new stake in Discovery Communications during the second quarter worth approximately $133,000. The company has market cap of $6.08 billion.


Among 5 analysts covering WP Glimcher (NYSE:WPG), 0 have Buy rating, 1 Sell and 4 Hold.

Yesterday Discovery Communications (NDAQ:DISCA) traded 1.00% higher at $16.39. (NASDAQ:DISCA). Toronto Dominion Bank & Trust has invested 0.01% of its portfolio in Discovery Communications Inc. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.12). The company had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.64 billion. Discovery Communications had a net margin of 16.63% and a return on equity of 22.24%. The company's quarterly revenue was up 6.1% on a year-over-year basis.

Analysts await Discovery Communications Inc. Also, insider Paul J. Guagliardo acquired 10,000 shares of the firm's stock in a transaction dated Friday, August 18th. About 18.74 million shares traded or 38.71% up from the average.

Institutional investors and hedge funds have recently modified their holdings of the business. The firm has "Buy" rating given on Tuesday, August 1 by Citigroup. (DISCK)'s shares. The total value of these holdings, in millions, is $3,321. The disclosure for this purchase can be found here.

Discovery Communications has posted its financial results for the third quarter ended September 30th 2017. If you are accessing this report on another website, it was illegally stolen and reposted in violation of USA & worldwide copyright and trademark laws. Great Plains Energy had 25 analyst reports since August 10, 2015 according to SRatingsIntel. Royal Bank Of Canada restated a "buy" rating and set a $32.00 price target on shares of Discovery Communications in a research report on Friday, July 14th. BidaskClub downgraded Discovery Communications from a hold rating to a sell rating in a research note on Thursday, July 27th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company's stock. Analysts reported that the Price Target for Discovery Communications, Inc. might touch $36 high while the Average Price Target and Low price Target is $25.21 and $18 respectively. (NASDAQ:DISCK) was released by: Fool.com and their article: "Why Discovery Communications, Inc".

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