Discovery Communications, Inc. (NASDAQ:DISCB) Trading Up - Short Interest Up 13.38%

Discovery Communications, Inc. (NYSE:DISCA)posting a -2.58% after which it closed the day' session at $20.00 and sees an average of 4.23M shares trade hands in each session while it's while its relative trading volume is 0.94. Next quarter's EPS is forecasted to be $0.57 with next year's EPS projected to be $2.35.

The price target set for the stock is $164.98 and this sets up an interesting set of potential movement for the stock, according to data from Finviz's Research. The Lower end of the earnings estimate is $0.55, while the higher end of the earnings estimate is $0.64. Pivotal Research upgraded Discovery Communications from a hold rating to a buy rating and set a $28.00 price objective for the company in a report on Tuesday, August 8th. Royal Bank Of Canada decreased their price target on Discovery Communications from $32.00 to $29.00 and set an "outperform" rating on the stock in a research report on Thursday, August 17th. (NASDAQ:DISCA) from a hold rating to a buy rating in a research report released on Wednesday morning. Analysts have a mean recommendation of 3.20 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).

What Historical Figures Say About Discovery Communications, Inc. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of U.S. & worldwide trademark & copyright laws.

Returns and Valuations for Discovery Communications, Inc.

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Shares of Discovery Communications (NASDAQ:DISCA) traded down 1.35% during mid-day trading on Wednesday, hitting $19.73. The company maintains price to book ratio of 1.39. Discovery Communications had 74 analyst reports since August 3, 2015 according to SRatingsIntel.

Discovery Communications (NASDAQ:DISCA) last announced its earnings results on Monday, July 31st. They expect $0.51 EPS, up 27.50% or $0.11 from last year's $0.4 per share. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.76 billion. Clearbridge Investments LLC now owns 17,843,671 shares of the company's stock worth $519,072,000 after purchasing an additional 399,171 shares in the last quarter. The count of Hold ratings in that period was 10. The option since executed brings Wiedenfels ownership to 35000 shares. The shares were bought at an average cost of $21.70 per share, with a total value of $325,500.00. Moreover, South Dakota Investment Council has 0.04% invested in the company for 329,233 shares. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Patters in insider activity can help analysts formulate an outlook for a stock.

The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $7.15B. The disclosure for this purchase can be found here. At the close of regular trading, its last week's stock price volatility was 2.71% which for the month reaches 2.34%. Company insiders own 6.81% of the company's stock. Comerica Bank lifted its stake in Discovery Communications by 4.6% in the first quarter. The rating was upgraded by Citigroup to "Buy" on Tuesday, August 1. Raymond James Financial Services Advisors Inc. acquired a new position in Discovery Communications in the first quarter valued at approximately $368,000. Horizon Investment Services LLC acquired a new stake in Discovery Communications in the 1st quarter valued at $202,000. Short shares increased 70 over that period. $123,773 worth of Discovery Communications Inc. The Company 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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