Discovery Communications, Inc. (NASDAQ:DISCB) Experiences Heavier than Usual Trading Volume

(NASDAQ:DISCA) might see muted action given an ABR of 2.6 or Hold rating. (NASDAQ:DISCA)'s short data and trying to figure out market sentiment on which way the market thinks the stock is moving. Barnett invested in 1,600 shares or 0.02% of the stock. Hedge funds and other institutional investors own 45.84% of the company's stock. The shares went down by -4.48% in value last month. Horizon Investment Services LLC bought a new position in Discovery Communications in the first quarter valued at about $202,000. Fiduciary Trust Co. bought a new position in shares of Discovery Communications in the 2nd quarter valued at about $160,000.

08/01/2017 - Discovery Communications, Inc. was upgraded to "buy" by analysts at Citigroup. Following the completion of the acquisition, the chief financial officer now owns 20,000 shares of the company's stock, valued at approximately $460,200. The legal version of this piece of content can be accessed at https://stocknewstimes.com/2017/10/06/blackrock-inc-increases-stake-in-discovery-communications-inc-disca.html. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discovery Communications, Inc. with MarketBeat.com's FREE daily email newsletter. Cambridge Investment Research Advisors Inc. now owns 11,339 shares of the company's stock valued at $330,000 after buying an additional 145 shares during the last quarter.

A number of research firms have issued reports on DISCA.

08/01/2017 - Discovery Communications, Inc. had its "market perform" rating reiterated by analysts at Barrington Research. ValuEngine downgraded shares of Discovery Communications from a "buy" rating to a "hold" rating in a research note on Friday, September 1st. Credit Suisse Group AG upgraded Discovery Communications from an "underperform" rating to a "neutral" rating and cut their target price for the company from $23.00 to $22.00 in a research note on Thursday, September 14th. Needham maintained the shares of DISCA in report on Tuesday, July 25 with "Hold" rating. Looking at the stock's movement on the chart, Discovery Communications, Inc. recorded a 52-week high of $30.25. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company. Discovery Communications now has an average rating of "Hold" and a consensus price target of $27.07.

Shares of Discovery Communications, Inc. The stock has been active on the tape, now trading at $21.52, down from yesterday's close by -0.90%. It looks like traders are not happy with the stock. Now the stock price is moving -28.86% off from the highest level of twelve months and 6.85% above from twelve months low. It is now trading at $21.81 a bit lower than $23.39, the 50 day moving average and which is much lower than the 200 day moving average of $26.30. The stock's market capitalization is 12.38B, it has a 52-week low of 20.14 and a 52-week high of 30.25.

Discovery Communications (NASDAQ:DISCA) last announced its earnings results on Monday, July 31st. In the last earnings report the EPS was $1.89 and is estimated to be $2.11 for the current year with 570,000,000 shares outstanding. Next quarter's EPS is forecasted to be $0.57 and the next full year EPS is projected to be $2.34. The firm's quarterly revenue was up 2.2% on a year-over-year basis. The shares were purchased at an average price of $23.05 per share, with a total value of $230,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Institutional investors have recently added to or reduced their stakes in the business. The disclosure for this purchase can be found here. Insiders acquired 55,000 shares of company stock worth $1,243,300 in the last three months. "(DISCK)" was originally published by Equities Focus and is the property of of Equities Focus. If you are reading this piece of content on another publication, it was illegally copied and republished in violation of U.S. and global copyright and trademark law. Piedmont Inv Limited Liability Company has invested 0.01% in Discovery Communications Inc.