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

For the next 5 years, Discovery Communications, expecting Growth of 11.57% per annum, whereas in the past 5 years the growth was 9.64% per annum. (NASDAQ:DISCK) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning.

A number of other brokerages have also issued reports on DISCA. MKM Partners reiterated a neutral rating and issued a $26.00 price target (down from $30.00) on shares of Discovery Communications in a research note on Wednesday, August 2nd. Also included in the list of sellers for the last 3 months Kurt Wehner who executed a direct sell for 4,746 shares on June 13, 2017. Pivotal Research upgraded Discovery Communications from a "hold" rating to a "buy" rating and set a $28.00 price target on the stock in a research report on Tuesday, August 8th.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 3 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell.

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Investors and Traders continue to monitor technical levels of shares of Discovery Communications, Inc. 940,435 shares of the stock were exchanged. The stock has a market cap of $11.27 billion, a price-to-earnings ratio of 13.31 and a beta of 1.52. In looking the SMA 50 we see that the stock has seen a 11.49% while it has a distance of 41.92% from the 200 days simple moving average. Looking out over the past year, company shares have been recorded -35.07% off the 52 week high and -1.55% away from the low over the same period.

Discovery Communications (NASDAQ:DISCA) last announced its earnings results on Monday, July 31st. During last 3 month period, 0.36% of total institutional ownership has changed in the company shares.

Discovery Communications, Inc. (DISCK) now has a Return on Assets (ROA) value of 0 Percent. Next quarter's EPS is forecasted at $0.57 with next year's EPS anticipated to be $2.35.

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The following firms have recently changed their position in DISCB. The Cullen Frost Bankers Inc holds 354,806 shares with $8.27M value, up from 12,596 last quarter. Over the last week of the month, it was -10.51%, -28.65% over the last quarter, and -34.26% for the past six months.

Insider ownership increased by a total of 0 shares, which suggests that DISCK's key executives are feeling more optimistic about the outlook for the stock.

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Baird reaffirmed a "hold" rating and set a $175.00 price target on shares of Netflix in a research note on Wednesday, October 4th. Sitrin Capital Management LLC's holdings in Netflix were worth $4,659,000 as of its most recent SEC filing. (NASDAQ: NFLX ).

Quarterly Earnings Growth on year-over-year basis stands at -3.4 percent. It turned negative, as 52 investors sold Discovery Communications Inc. shares while 186 reduced holdings. State Street Corp now owns 7,346,135 shares of the company's stock worth $189,736,000 after purchasing an additional 376,975 shares in the last quarter. Mn Services Vermogensbeheer B.V. lifted its position in shares of Discovery Communications by 482.6% in the 2nd quarter. The number of shares now owned by investors are 131.3 mln. Finally, First Trust Advisors LP lifted its position in shares of Discovery Communications by 24.7% in the 2nd quarter. Insiders own 6.81% of the company's stock. Also, CFO Gunnar Wiedenfels acquired 20,000 shares of Discovery Communications stock in a transaction dated Tuesday, August 1st. 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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