Discovery Communications, Inc. (NASDAQ:DISCK) Experiences Heavy Trading Volume

Discovery is also a highly leveraged company.

Discovery Communications, Inc (Discovery) is a global media company. (NASDAQ:DISCA) from a hold rating to a buy rating in a research report released on Wednesday morning. UBS AG upgraded Discovery Communications from a sell rating to a neutral rating and cut their price target for the company from $25.00 to $23.00 in a research note on Tuesday, September 26th. Finally, Sanford C. Bernstein reissued an "underperform" rating on shares of Discovery Communications in a research note on Tuesday, September 12th. The company presently has an average rating of Hold and an average target price of $27.07.

Shares of Discovery Communications (DISCA) traded down 1.55% on Thursday, reaching $19.69. Overall, volume was up 179.98% over the stocks normal daily volume. The firm has a 50 day moving average of $21.56 and a 200 day moving average of $25.18. The company has a market cap of $11.25 billion, a price-to-earnings ratio of 10.47 and a beta of 1.56. (FOX) is recuperating from the fall at $24.41, the 52-week low. (NASDAQ:DISCA). Putnam Invests Ltd Com stated it has 0.07% of its portfolio in Discovery Communications Inc. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.04). The company had revenue of $1.61 billion during the quarter. Return on Assets is -2.42%. The 1-year low was reported on Oct, 12 by Barchart.com.

Analysts have a mean recommendation of 2.90 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). "(DISCA) Upgraded to Buy by ValuEngine" was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Gunnar Wiedenfels acquired 20,000 shares of the company's stock in a transaction dated Tuesday, August 1st. Insiders acquired 55,000 shares of company stock valued at $1,243,300 in the last 90 days. Following the completion of the acquisition, the chief financial officer now directly owns 20,000 shares of the company's stock, valued at approximately $460,200. The disclosure for this purchase can be found here.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. FBR Capital maintained the shares of DISCA in report on Friday, February 19 with "Mkt Perform" rating. This movement could be bad/good signal for few investors as firm is showing performance for the quarter as -12.47%.

Discovery Communications, Inc. (NASDAQ:DISCA), maintained return on investment for the last twelve months at -, higher than what Reuters data shows regarding industry's average. Vanguard Group Inc. now owns 16,661,316 shares of the company's stock valued at $430,362,000 after purchasing an additional 858,015 shares during the period. Understanding Profitability at Discovery Communications, Inc. BlackRock Inc. now owns 9,533,783 shares of the company's stock worth $246,259,000 after purchasing an additional 187,781 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Discovery Communications by 5.4% during the 2nd quarter.

For investors it's vital to know about both type of ownership about firm, as institutional ownership is the percentage of a stock's float owned by institutions such as mutual funds, pension funds and endowments. 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.