June 20, 2018

Zacks Investment Research Lowers Discovery Communications, Inc. (NASDAQ:DISCB) to Sell

12 August 2017, 02:41 | Joann Bryant

Boyar Asset Management Decreased Its Discovery Communications (DISCK) Position; Brinks Co (BCO) Sentiment Is 1.11

Discovery Communications

The company reported $0.68 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.72 by $0.04.

In the market the company is trading up by 0.86% since yesterday's close of $23.3. The stock declined 0.07% or $0.07 reaching $101.87 on the news. Time Warner Inc (NYSE:TWX) has risen 36.37% since August 11, 2016 and is uptrending. It has outperformed by 21.91% the S&P500. Finally, Zacks Investment Research lowered Discovery Communications from a hold rating to a sell rating in a research note on Tuesday, April 18th. Mason Street Advsr Limited Liability Company, Wisconsin-based fund reported 30,175 shares.

14 number of analysts have estimated the sales of the company for the quarter, analysts estimated mean sale target of 1769.85 million while high and low sale targets are estimated at 1795 million and 1734.8 million respectively. Suntrust Banks Inc who had been investing in Discovery Communicatns New for a number of months, seems to be less bullish one the $8.58 billion market cap company. 1,074,810 stocks of the shares transacted hands. About 657,468 shares traded. The value of the investment in DISCB decreased from $2,000 to $2,000 decreasing 0.0% quarter to quarter. It has underperformed by 16.38% the S&P500. Therefore 20% are positive. The firm has "Neutral" rating by UBS given on Wednesday, November 4.

Royal Bank Of Canada reissued their buy rating on shares of Discovery Communications, Inc. (NASDAQ:DISCA) on Wednesday, September 30 with "Mkt Perform" rating. The stock has "Hold" rating by Wells Fargo on Thursday, July 20. On August 8 the company was upgraded to "Buy" from "Buy" in a statement from Pivotal Research. ValuEngine downgraded Discovery Communications from a "buy" rating to a "hold" rating in a report on Friday, June 2nd.

WARNING: "Ycg LLC Has $9.47 Million Position in Discovery Communications, Inc". (DISCA) opened at 22.91 on Friday. RBC Capital Markets has "Outperform" rating and $50 target. Acadian Asset Management LLC bought a new position in shares of Discovery Communications during the first quarter valued at approximately $134,000. Daiwa Securities Group Inc. boosted its position in Discovery Communications by 24.7% in the first quarter. Parkside Finance Bankshares Trust reported 0% in Discovery Communications Inc.

Discovery Communications (NASDAQ:DISCK) last released its earnings results on Monday, July 31st. (NASDAQ:DISCA) or 534,746 shares.

Analyst mean recommendation on a stock by the analyst community is at 3.00. The insider Wehner Kurt sold $123,773.

Investors sentiment increased to 0.88 in 2016 Q4. Its up 0.26, from 0.62 in 2016Q3. It is positive, as 44 investors sold DISCA shares while 196 reduced holdings. Amica Mutual Insurance Co reported 0.06% stake. 1,473,446 shares of the company were exchanged. 344 are held by Duncker Streett And Inc. (NASDAQ:DISCA) for 221,865 shares. Fiera Cap Corporation owns 7,450 shares for 0% of their portfolio. As of the end of the quarter Thorntree Capital Partners Lp had acquired a total of 92,100 shares growing its position 25.6%. Sentinel Asset reported 63,000 shares.

More notable recent Discovery Communications Inc. (NASDAQ:DISCA) on Tuesday, June 13. Grp Incorporated One Trading Ltd Partnership holds 15,661 shares. Oak Assocs Oh has invested 0.02% in Discovery Communications Inc. Great West Life Assurance Can has 0.01% invested in Discovery Communications Inc. It is negative, as 55 investors sold COP shares while 525 reduced holdings.

Among 35 analysts covering Time Warner Inc. The company was maintained on Sunday, August 16 by Barclays Capital. The firm has " rating by Credit Suisse given on Friday, March 31.

Let's take a look at how the stock has been performing recently. Evercore downgraded it to "In-Line" rating and $108 target in Monday, August 7 report. (NASDAQ:DISCA) has "Underweight" rating given on Thursday, January 5 by Barclays Capital. The firm has "Buy" rating by Topeka Capital Markets given on Monday, December 28. Its down 0.01, from 0.8 in 2016Q3. The shares were purchased at an average cost of $23.05 per share, with a total value of $230,500.00. Contravisory Inv Management accumulated 54 shares. M&T Savings Bank holds 21,946 shares. Mai Capital Management, a Ohio-based fund reported 101,469 shares. California-based Int Ltd Ca has invested 0.45% in ConocoPhillips (NYSE:COP). Zweig stated it has 587,697 shares or 0.93% of all its holdings. Windward Cap Mgmt Co Ca reported 2.26% stake. The Massachusetts-based Rhumbline Advisers has invested 0.27% in ConocoPhillips (NYSE:COP).

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