Discovery (NASDAQ:DISCA) has been downgraded from Neutral to Sell in a statement by MoffettNathanson earlier today.
- Updated: September 26, 2016
MoffettNathanson has downgraded Discovery (NASDAQ:DISCA) from Neutral to Sell in a statement released on 09/27/2016.
Previously on Wednesday August 03, 2016, MKM Partners released a statement for Discovery (NASDAQ:DISCA) raised the target price from $27.00 to $29.00. At the time, this suggested an upside of 0.07%.
Showing a price of $26.16, Discovery (NASDAQ:DISCA) traded 0.27% higher on the day. With the last stock price close down -1.96% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. Discovery has recorded a 50-day average of $25.64 and a two hundred day average of $26.68. 4,907,396 shares of DISCA traded hands, up from an avg. volume of 3,343,470
With a total market value of $0, Discovery has 52 week low of $23.66 and a 52 week high of $31.80 with a P/E ratio of 14.23 .
In addition to MoffettNathanson reporting its stock price target, a total of 23 brokerages have issued a ratings update on the stock. The consensus target price is $29.52 with three equity analysts rating the company a strong buy, three firms rating the stock a buy, 19 equity analysts rating the company a hold, three firms rating the stock a underperform, and finally one equity analyst rating the stock a sell.
General Company Details For 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 and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments are U.S. Networks, which consists principally of domestic television networks and Websites; International Networks, which consists primarily of international television networks and Websites; Education and Other, which consists principally of curriculum-based product and service offerings, and production studios, and Corporate and Inter-segment Eliminations. It distributes customized content in the United States, and over 220 other countries and territories in over 40 languages. The Company's global portfolio of networks includes television brands, such as Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science and Velocity (known as Turbo outside of the United States).
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