Discovery Communications (NASDAQ:DISCA) Target Lowered by Imperial Capital to $30.00

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Discovery Communications stock has undergone multiple analysts rating changes in the recent past.  Discovery Communications stock Target Lowered by   Imperial Capital on 6/29/2020. In a note to investors, the firm issued a new target price of $30.00. The analysts previously had $32.00 target price. Imperial Capital’s price target would indicate a potential upside of 48.08% from the stock’s previous close.

Shares of Discovery Communications traded up $0.62 on Monday, reaching $20.88. 947536 shares of the stock traded hands, compared to its average volume of 5118610. Shares of were trading at $20.88 on Monday. The firm’s 50 day moving average is $$21.81 and its 200 day moving average is $26.50.Discovery Communications  has a 12 month low of $20.13 and a 12 month high of $33.66. While on yearly highs and lows, Discovery Communications today has traded high as $20.93 and has touched $20.13 on the downward trend.

Discovery Communications Earnings and What to expect: 

Discovery Communications last posted its earnings data on May 6th, 2020. The reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. The business had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Its revenue was down .9% on a year-over-year basis. Discovery Communications has generated $3.69 earnings per share over the last year and currently has a price-to-earnings ratio of 7.0. Discovery Communications has confirmed that its next quarterly earnings report will be published on Wednesday, August 5th, 2020. Discovery Communications will be holding an earnings conference call on Wednesday, August 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Earnings for Discovery Communications are expected to grow by 15.07% in the coming year, from $2.92 to $3.36 per share. The P/E ratio of Discovery Communications is 6.99, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.99. The P/E ratio of Discovery Communications is 6.99, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 31.25. Discovery Communications has a PEG Ratio of 0.55. PEG Ratios below 1 indicate that a company could be undervalued. Discovery Communications has a P/B Ratio of 0.92. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 5.88%
  • On 5/8/2020 Director John C Malone Sell 5,229 at average share price of $21.44 which equates to $112,109.76 in money value.
  • On 3/16/2020 Director J David Wargo Sell 200,000 at average price of  $19.27 with total value of : Not Data Available
  • On 2/14/2020 Director Advance Long-Term Management T Sell 9,500,000 at average price of  $30.08 with total value of : $285,760,000.00
  • See More Analyst Rating at: RATING

Other Analyst’s rating for Discovery Communications

  • 6/8/2020 – Discovery Communications was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $26.00 price target on the stock.
  • 5/14/2020 – Discovery Communications had its “outperform” rating re-affirmed by analysts at Barrington Research. They now have a $28.00 price target on the stock, down previously from $34.00.
  • 5/10/2020 – Discovery Communications had its “neutral” rating re-affirmed by analysts at Rosenblatt Securities. They now have a $24.00 price target on the stock, down previously from $27.00.
  • 5/8/2020 – Discovery Communications was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $22.00 price target on the stock.
  • See More Analyst Rating at: RATING

Other rating updates by Imperial Capital: 

  • 6/23/2020 – Continental Resources had its price target raised by analysts at Imperial Capital from $14.00 to $18.00. They now have an “in-line” rating on the stock.
  • 6/23/2020 – Ambarella is now covered by analysts at Imperial Capital. They set an “outperform” rating and a $58.00 price target on the stock.
  • 6/22/2020 – Walt Disney had its “sell” rating re-affirmed by analysts at Imperial Capital. They now have a $105.00 price target on the stock.
  • 6/19/2020 – Cinemark had its price target lowered by analysts at Imperial Capital from $24.00 to $23.00. They now have an “outperform” rating on the stock.
  • See More Analyst Rating at: RATING

Discovery Communications (NASDAQ:DISCA) Moving Average Technical Analysis

5 day Moving Average is $$21.45 And 5 day price change is -$1.89 (-8.53%)  with average volume for 5 day average is 4,766,760. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $22.53 and 20 day price change is -$1.49 (-6.85%) and average 20 day moving volume is 5,278,670. 50 day moving average is $21.81  and 50 day price change is -$1.21 ( -5.64%)  and with average volume for 50 days is : 5,483,174. 200 day moving average is $26.50  and 200 day price change is -$8.29 (-29.04%)  and with average volume for 200 days is : 4,756,169.

See More Analyst Rating at: RATING