ValuEngine lowered shares of Discovery Communications (NASDAQ:DISCA) from a hold rating to a sell rating in a report published on Monday morning, ValuEngine reports.

A number of other brokerages also recently weighed in on DISCA. Zacks Investment Research downgraded Discovery Communications from a buy rating to a hold rating in a research report on Tuesday, February 5th. TheStreet raised Discovery Communications from a c rating to a b rating in a research report on Tuesday, February 26th. Credit Suisse Group raised their price objective on Discovery Communications from $40.00 to $41.00 and gave the company an outperform rating in a research report on Wednesday, February 27th. Barrington Research reaffirmed a buy rating and set a $40.00 price objective on shares of Discovery Communications in a research report on Tuesday, February 26th. Finally, BidaskClub raised Discovery Communications from a buy rating to a strong-buy rating in a research report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $33.89.

Shares of Discovery Communications stock opened at $27.74 on Monday. The firm has a market cap of $14.35 billion, a PE ratio of 13.15, a PEG ratio of 0.38 and a beta of 1.41. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.16 and a current ratio of 1.16. Discovery Communications has a 12 month low of $20.59 and a 12 month high of $34.89.

Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.79 by $0.08. The firm had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.72 billion. Discovery Communications had a return on equity of 20.10% and a net margin of 9.00%. The business’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 earnings per share. Sell-side analysts predict that Discovery Communications will post 3.79 earnings per share for the current year.

In related news, General Counsel Savalle Sims sold 16,623 shares of Discovery Communications stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $28.57, for a total transaction of $474,919.11. Following the completion of the transaction, the general counsel now directly owns 48,684 shares in the company, valued at $1,390,901.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.43% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the stock. Karp Capital Management Corp purchased a new stake in shares of Discovery Communications in the fourth quarter valued at approximately $30,000. Pinebridge Investments L.P. purchased a new stake in shares of Discovery Communications in the first quarter valued at approximately $42,000. Smithfield Trust Co. purchased a new stake in shares of Discovery Communications in the fourth quarter valued at approximately $47,000. Rational Advisors LLC increased its position in shares of Discovery Communications by 26.3% in the fourth quarter. Rational Advisors LLC now owns 2,018 shares of the company’s stock valued at $50,000 after buying an additional 420 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Discovery Communications by 96.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,920 shares of the company’s stock valued at $52,000 after buying an additional 945 shares in the last quarter. Institutional investors own 34.43% of the company’s stock.

About Discovery Communications

Discovery, Inc operates as a media company worldwide. The company operates through two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, MotorTrend, Food Network, HGTV, Travel Channel, TVN, DIY Network, Cooking Channel, Discovery Family Channel, American Heroes Channel, Destination America, Discovery Life, Discovery en Espanol, Discovery Familia, Great American Country, the Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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Analyst Recommendations for Discovery Communications (NASDAQ:DISCA)

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