Economy

Discovery Communications, Inc. (NASDAQ:DISCA) Stock Traded Below Its 50 Day Average

Commerzbank Aktiengesellschaft FI bought a new position in Discovery Communications during the first quarter worth about $348,000. Comerica Bank now owns 80,264 shares of the company's stock valued at $2,045,000 after buying an additional 555 shares during the period.

Other hedge funds have also made changes to their positions in the company.

Oppenheimer & Co. Inc. increased its stake in shares of Discovery Communications, Inc. Oxbow Advisors LLC increased its stake in Discovery Communications by 0.8% in the second quarter. Legal & General Group Plc raised its position in shares of Discovery Communications by 18.4% during the 2nd quarter. APG Asset Management N.V. now owns 956,104 shares of the company's stock worth $27,067,000 after buying an additional 88,600 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Discovery Communications by 98.5% during the 2nd quarter. Nationwide Fund Advisors now owns 259,375 shares of the company's stock worth $7,343,000 after purchasing an additional 1,000 shares during the period. The value in dollars increased from $641,000 to $3,817,000 a change of 495.5% quarter to quarter. (NASDAQ DISCA) opened at 20.80 on Tuesday. The company has a market capitalization of $12.96 billion, a P/E ratio of 16.03 and a beta of 1.59.

Company chares are trading at $21.25 which is marginally under the 50 day moving average of $23.50 and which is significantly below the 200 day moving average of $26.34.

Discovery Communications (NASDAQ:DISCA) last posted its earnings results on Monday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by $0.04.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. Discovery Communications's revenue for the quarter was down.1% compared to the same quarter a year ago. On average, equities analysts expect that Discovery Communications, Inc. will post $2.24 EPS for the current fiscal year. When the stock is above this signal, traders will be looking out for possible upward momentum. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also Executive Paul J. Guagliardo bought 10,000 stocks of the shares in a trade on early Fri, Aug 18th. The total value of its holdings increased 178,553.2%. The total number of shares traded in the last 12 months is 1.83 million. The disclosure for this purchase can be found here. BlackRock Inc. now owns 275,370 shares of the company's stock worth $7,413,000 after buying an additional 9,077 shares during the period. If you are accessing this article on another site, it was illegally stolen and republished in violation of U.S. & global trademark & copyright legislation. The original version of this piece can be read at https://www.dispatchtribunal.com/2017/09/12/bbt-securities-llc-sells-80285-shares-of-discovery-communications-inc-disca-2.html.

Equity analyst PiperJaffray added the stock to its research portfolio giving it an initial rating of "Neutral". On August 8 the company was upgraded to "Buy" from "Buy" in a report issued by Pivotal Research.

On August 1 the company was rated "Buy" according to a Citigroup report which is up from the previous "Sell" rating. Jefferies Group LLC reissued a "hold" rating and set a $28.00 target price on shares of Discovery Communications in a research report on Friday, June 16th. Finally, Barrington Research restated a "market perform" rating on shares of Discovery Communications in a research note on Tuesday, August 1st.

July 14 investment analysts at Deutsche Bank kept the stock rating at "Hold" and moved down the price target to $30.00 from $33.50.

Taking a deeper look into the technical levels of Discovery Communications Inc (DISCB), we can see that the Williams Percent Range or 14 day Williams %R now sits at -64.29. The corporation provides content across multiple distribution platforms, including pay-television (pay-TV), free-to-air (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements.



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