Discovery (NASDAQ:DISCA) Has Been Upgraded Today by Deutsche Bank to a Buy

April 24, 2018 - By Graig Alexander

Discovery, Inc. (NASDAQ:DISCA) Logo

Investors sentiment decreased to 0.87 in Q4 2017. Its down 0.05, from 0.92 in 2017Q3. It dived, as 74 investors sold Discovery, Inc. shares while 172 reduced holdings. 93 funds opened positions while 121 raised stakes. 228.72 million shares or 11.88% more from 204.44 million shares in 2017Q3 were reported.

Pacad Invest Ltd holds 21,800 shares. Chicago Equity Prns Lc has invested 0.01% in Discovery, Inc. (NASDAQ:DISCA). Tourbillon Cap Partners Lp holds 0.69% or 834,179 shares. Moreover, Salem Counselors Inc has 0% invested in Discovery, Inc. (NASDAQ:DISCA) for 450 shares. Perigon Wealth Mngmt Ltd Liability holds 0% or 163 shares in its portfolio. Fjarde Ap holds 0.02% or 72,239 shares. Reinhart Prns owns 2.81% invested in Discovery, Inc. (NASDAQ:DISCA) for 1.27M shares. Arizona State Retirement Systems reported 51,489 shares. Piedmont Investment Ltd holds 0.01% of its portfolio in Discovery, Inc. (NASDAQ:DISCA) for 20,796 shares. Burt Wealth reported 60 shares. Texas-based Bridgeway Mngmt has invested 0.02% in Discovery, Inc. (NASDAQ:DISCA). Cohen Klingenstein Ltd Com accumulated 9,615 shares or 0.03% of the stock. Cumberland holds 328,500 shares or 0.97% of its portfolio. Zeke Advsr Ltd invested in 74,448 shares. Cornerstone Advisors Inc holds 0.01% or 411 shares in its portfolio.

Since December 13, 2017, it had 3 insider purchases, and 4 selling transactions for $9.48 million activity. The insider MALONE JOHN C bought 102,377 shares worth $2.03 million. $484,002 worth of Discovery, Inc. (NASDAQ:DISCA) shares were sold by Leavy David. Sims Savalle also sold $61,902 worth of Discovery, Inc. (NASDAQ:DISCA) shares. Campbell Bruce sold $55,349 worth of stock or 3,047 shares. 16,238 shares were sold by Alpert-Romm Adria, worth $367,214 on Friday, March 16.

Discovery (NASDAQ:DISCA) Stock Upgrade

In a research note issued to clients and investors on Tuesday morning, Deutsche Bank raised shares of Discovery (NASDAQ:DISCA) to a solid Buy rating from their previous Hold rating.

Investors sentiment decreased to 0.87 in Q4 2017. Its down 0.05, from 0.92 in 2017Q3. It dived, as 74 investors sold Discovery, Inc. shares while 172 reduced holdings. 93 funds opened positions while 121 raised stakes. 228.72 million shares or 11.88% more from 204.44 million shares in 2017Q3 were reported.

Pacad Invest Ltd holds 21,800 shares. Chicago Equity Prns Lc has invested 0.01% in Discovery, Inc. (NASDAQ:DISCA). Tourbillon Cap Partners Lp holds 0.69% or 834,179 shares. Moreover, Salem Counselors Inc has 0% invested in Discovery, Inc. (NASDAQ:DISCA) for 450 shares. Perigon Wealth Mngmt Ltd Liability holds 0% or 163 shares in its portfolio. Fjarde Ap holds 0.02% or 72,239 shares. Reinhart Prns owns 2.81% invested in Discovery, Inc. (NASDAQ:DISCA) for 1.27M shares. Arizona State Retirement Systems reported 51,489 shares. Piedmont Investment Ltd holds 0.01% of its portfolio in Discovery, Inc. (NASDAQ:DISCA) for 20,796 shares. Burt Wealth reported 60 shares. Texas-based Bridgeway Mngmt has invested 0.02% in Discovery, Inc. (NASDAQ:DISCA). Cohen Klingenstein Ltd Com accumulated 9,615 shares or 0.03% of the stock. Cumberland holds 328,500 shares or 0.97% of its portfolio. Zeke Advsr Ltd invested in 74,448 shares. Cornerstone Advisors Inc holds 0.01% or 411 shares in its portfolio.

Since December 13, 2017, it had 3 insider purchases, and 4 selling transactions for $9.48 million activity. The insider MALONE JOHN C bought 102,377 shares worth $2.03 million. $484,002 worth of Discovery, Inc. (NASDAQ:DISCA) shares were sold by Leavy David. Sims Savalle also sold $61,902 worth of Discovery, Inc. (NASDAQ:DISCA) shares. Campbell Bruce sold $55,349 worth of stock or 3,047 shares. 16,238 shares were sold by Alpert-Romm Adria, worth $367,214 on Friday, March 16.

Discovery, Inc. (NASDAQ:DISCA) Ratings Coverage

Among 15 analysts covering Discovery Comms (NASDAQ:DISCA), 5 have Buy rating, 0 Sell and 10 Hold. Therefore 33% are positive. Discovery Comms has $30.0 highest and $18 lowest target. $22.75’s average target is -6.61% below currents $24.36 stock price. Discovery Comms had 17 analyst reports since November 2, 2017 according to SRatingsIntel. Cowen & Co maintained the shares of DISCA in report on Wednesday, February 28 with “Hold” rating. Wells Fargo upgraded Discovery, Inc. (NASDAQ:DISCA) on Monday, April 2 to “Buy” rating. The firm earned “Hold” rating on Thursday, November 2 by Jefferies. As per Monday, February 5, the company rating was maintained by Cowen & Co. The firm earned “Equal-Weight” rating on Monday, March 12 by Barclays Capital. The stock has “Buy” rating by Barrington on Tuesday, January 2. The firm earned “Buy” rating on Friday, November 3 by RBC Capital Markets. The firm has “Neutral” rating by Moffett Nathanson given on Tuesday, February 20. On Thursday, January 4 the stock rating was maintained by Wells Fargo with “Hold”. As per Thursday, December 21, the company rating was upgraded by Bank of America.

The stock increased 2.48% or $0.59 during the last trading session, reaching $24.36. About 2.10M shares traded. Discovery, Inc. (NASDAQ:DISCA) has declined 21.53% since April 24, 2017 and is downtrending. It has underperformed by 33.08% the S&P500.

Analysts await Discovery, Inc. (NASDAQ:DISCA) to report earnings on May, 8 before the open. They expect $0.53 earnings per share, up 29.27 % or $0.12 from last year’s $0.41 per share. DISCA’s profit will be $359.12M for 11.49 P/E if the $0.53 EPS becomes a reality. After $0.47 actual earnings per share reported by Discovery, Inc. for the previous quarter, Wall Street now forecasts 12.77 % EPS growth.

Discovery Communications, Inc. operates as a media firm worldwide. The company has market cap of $16.51 billion. The firm operates through U.S. It currently has negative earnings. Networks, International Networks, and Education and Other divisions.

Discovery, Inc. (NASDAQ:DISCA) Ratings Chart

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