Citigroup upgraded Discovery (NASDAQ:DISCA) from Sell to Neutral in a report released today.
- Updated: April 20, 2017
Citigroup has upgraded Discovery (NASDAQ:DISCA) from Sell to Neutral in a report released on 4/20/2017.
Yesterday Discovery (NASDAQ:DISCA) traded 1.08% higher at $28.92. The company’s 50-day moving average is $28.27 and its 200-day moving average is $27.70. The last closing price is up 4.40% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time period. 1,809,920 shares of the stock traded hands, down from an average trading volume of 2,740,680
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Discovery has a 52 week low of $23.66 and a 52 week high of $29.91 with a P/E ratio of 14.78 The company’s market cap is currently $0.
In addition to Citigroup reporting its stock price target, a total of 23 brokers have issued a research note on the company. The average stock price target is $29.52 with 3 brokers rating the stock a strong buy, 3 brokers rating the stock a buy, 19 brokers rating the stock a hold, 3 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.
General Information About Discovery (NASDAQ:DISCA)
Discovery Communications, Inc. (Discovery) is a global media company. 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. Its segments include U.S. Networks, which consists principally of domestic television networks and digital content services; International Networks, consisting primarily of international television networks and digital content services, and Education and Other, which consists principally of curriculum-based product and service offerings, and production studios. The Company's portfolio of networks includes television brands, such as Discovery Channel, Animal Planet, ID, Velocity (known as Turbo outside of the United States) and Eurosport. It is also engaged in extending content distribution across various platforms, including brand-aligned Websites, Web-native networks and online streaming.
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