Discovery Buying Scripps for $14.6 Billion

Ann Santiago
August 1, 2017

More notable recent Discovery Communications Inc. Stock has got OUTPERFORM rating from 2 analyst (s) whereas last month 3 analyst (s) have given outperform rating. Discovery Communications Inc. (NASDAQ:DISCK) has risen 0.32% since July 31, 2016 and is uptrending.

WARNING: "Discovery Communications, Inc". Trust Co. of Oklahoma acquired a new position in shares of Discovery Communications during the first quarter worth approximately $209,000.

ILLEGAL ACTIVITY NOTICE: "Discovery Communications, Inc". (NASDAQ:DISCA) opened at 24.60 on Tuesday. The company rocked its 52-Week High of $30.25 and touched its 52-Week Low of $23.96.

The stock has a 50-day moving average price of $25.38 and a 200-day moving average price of $26.69. The stock has a market capitalization of $10.22 billion, a price-to-earnings ratio of 12.06 and a beta of 1.49. Adjusted EPS came in at 68 cents, below analyst estimates of 72 cents.

News of the acquisition comes as Discovery Communications reported its Q2 financial results, which saw revenues of $1.745 billion, up 2 percent compared to the prior year. During the same period in the previous year, the firm earned $0.71 earnings per share.

ILLEGAL ACTIVITY WARNING: "Discovery Communications, Inc. (NASDAQ:DISCA)" was first posted by BBNS and is the property of of BBNS. If you are reading this news story on another website, it was illegally stolen and republished in violation of US and worldwide copyright and trademark legislation. Ardevora Asset Management LLP raised its stake in shares of Discovery Communications by 32.6% in the second quarter. Moffett Nathanson raised shares of Scripps Networks Interactive from a "sell" rating to a "neutral" rating in a research note on Monday. Finally, ValuEngine downgraded Discovery Communications from a "buy" rating to a "hold" rating in a research report on Friday, June 2nd. TheStreet upgraded shares of Discovery Communications from a "c+" rating to a "b-" rating in a report on Thursday, April 20th.

In an overview of the current analyst recommendations, Buy count is 1 and Overweight is 0 while the number of analysts recommending Sell and Underweight are 0 and 0, respectively. Discovery Communications now has an average rating of "Hold" and a consensus price target of $28.65. Douglas Lane & Associates LLC now owns 924,509 shares of the company's stock valued at $26,173,000 after buying an additional 134,545 shares in the last quarter. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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