Analyst Rating Update on Discovery Communications (DISCK)

Discovery Communications (NASDAQ:DISCK) : 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Discovery Communications (NASDAQ:DISCK). Zacks Investment Research suggests a Strong Buy with a rank of 1.The median of all the 3 Wall Street Analysts endorse the stock as a Hold with a rating of 3.

Discovery Communications (NASDAQ:DISCK) : The most positive equity analysts on Discovery Communications (NASDAQ:DISCK) expects the shares to touch $30, whereas, the least positive believes that the stock will trade at $24 in the short term. The company is covered by 3 Wall Street Brokerage Firms. The average price target for shares are $27.33 with an expected fluctuation of $3.06 from the mean.

Company shares have received an average consensus rating of Hold for the current week

Discovery Communications (NASDAQ:DISCK): stock turned positive on Tuesday. Though the stock opened at $22.78, the bulls momentum made the stock top out at $22.88 level for the day. The stock recorded a low of $22.43 and closed the trading day at $22.66, in the green by 0.53%. The total traded volume for the day was 2,120,458. The stock had closed at $22.54 in the previous days trading.

Discovery Communications, Inc. (Discovery) is a media company. The Company provides content across multiple distribution platforms, including pay-TV, free-to-air and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Discovery operates in three segments: U.S. Networks, consisting of domestic television networks and Websites; International Networks, consisting of international television networks and Websites, and Education and Other. The Companys U.S. Networks segment consists of national television networks. The U.S. Networks segment owns and operates 10 national television networks. The Companys International Networks segment consists of national and pan-regional television networks. The Companys Education and Other segment consists of curriculum-based product and service offerings, and production studios. The Companys subsidiaries include Discovery Holding Company (DHC) and Discovery Communications Holding, LLC (DCH).

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