Moffett Nathanson Downgrades Discovery Communications to Sell

Brokerage firm Moffett Nathanson Downgrades its rating on Discovery Communications(NASDAQ:DISCA). The shares have been rated Sell. Previously, the analysts had a Neutral rating on the shares. The rating by Moffett Nathanson was issued on Sep 27, 2016.

In a different note, On Aug 3, 2016, Macquarie said it Upgrades its rating on Discovery Communications. The shares have been rated ‘Neutral’ by the firm. On Jul 15, 2016, UBS said it Downgrades its rating on Discovery Communications. In the research note, the firm Lowers the price-target to $30.00 per share. The shares have been rated ‘Sell’ by the firm.

Discovery Communications (DISCA) made into the market gainers list on Fridays trading session with the shares advancing 0.41% or 0.11 points. Due to strong positive momentum, the stock ended at $26.92, which is also near the day’s high of $27.11. The stock began the session at $26.93 and the volume stood at 48,18,007 shares. The 52-week high of the shares is $31.8 and the 52 week low is $23.66. The company has a current market capitalization of $10,659 M and it has 39,59,41,600 shares in outstanding.

Discovery Communications(DISCA) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.71B. Analysts had an estimated revenue of $1.71B. Earnings per share were $0.71. Analysts had estimated an EPS of $0.54.

Several Insider Transactions has been reported to the SEC. On May 12, 2016, John C Malone (director 10% owner) sold 183,637 shares at $28.04 per share price.Also, On Dec 18, 2015, Robert Miron (director) sold 820 shares at $26.31 per share price.On Nov 9, 2015, Paul J Guagliardo (Chief Commercial Officer) sold 851 shares at $30.14 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s U.S. Networks segment consists of national television networks. The U.S. Networks segment owns and operates 10 national television networks. The Company’s International Networks segment consists of national and pan-regional television networks. The Company’s Education and Other segment consists of curriculum-based product and service offerings and production studios. The Company’s subsidiaries include Discovery Holding Company (DHC) and Discovery Communications Holding LLC (DCH).

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Discovery Communications - Is it time to Sell?

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