Discovery Communications Inc. Stock Price Could Go Up After Today’s Bullish Options Activity

 Discovery Communications Inc. Stock Price Could Go Up After Today's Bullish Options Activity

In today’s session Discovery Communications Inc. (DISCA) registered an unusually high (206) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious DISCA increase. With 206 contracts traded and 204 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: DISCA161216C00027500 closed last at: $0.65 or 13.3% down. About 4.43M shares traded hands or 20.71% up from the average. Discovery Communications Inc. (NASDAQ:DISCA) has declined 7.05% since March 30, 2016 and is downtrending. It has underperformed by 10.06% the S&P500.

Discovery Communications Inc. (NASDAQ:DISCA) Ratings Coverage

Out of 18 analysts covering Discovery Communications (NASDAQ:DISCA), 3 rate it a “Buy”, 6 “Sell”, while 9 “Hold”. This means 17% are positive. Discovery Communications has been the topic of 43 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Barclays Capital maintained the shares of DISCA in a report on Friday, August 14 with “Overweight” rating. The rating was downgraded by Topeka Capital Markets to “Hold” on Monday, April 25. On Friday, February 19 the stock rating was maintained by Rosenblatt with “Buy”. The rating was downgraded by Macquarie Research on Tuesday, April 26 to “Underperform”. The stock has “Neutral” rating given by M Partners on Friday, February 19. The rating was maintained by Topeka Capital Markets on Wednesday, September 30 with “Buy”. Barclays Capital downgraded the shares of DISCA in a report on Friday, October 16 to “Equal-Weight” rating. The stock of Discovery Communications Inc. (NASDAQ:DISCA) has “Neutral” rating given on Friday, August 14 by Citigroup. The stock of Discovery Communications Inc. (NASDAQ:DISCA) has “Sector Perform” rating given on Wednesday, September 30 by RBC Capital Markets. The rating was maintained by Topeka Capital Markets on Tuesday, October 27 with “Buy”.

According to Zacks Investment Research, “DISCOVERY COMMUNICATIONS INC., formerly Discovery Holding Company, is a holding company that conducts operations through its two wholly owned operating subsidiaries, Ascent Media Group, LLC and Ascent Media CANS, LLC, and throught its 66.66% owned equity affiliate Discovery Communications Holding, LLC. Ascent Media provides creative, media management and network services to the media and entertainment industries. Its client base includes motion picture studios, independent producers, broadcast networks, cable programming networks, advertising agencies, media producers, independent owners of television and film libraries, and media distribution channels. Discovery is a global media and entertainment company that offers original and purchased programming in the United States and over 170 other countries with over 100 television networks.”

Insitutional Activity: The institutional sentiment increased to 0.83 in 2016 Q2. Its up 0.05, from 0.78 in 2016Q1. The ratio improved, as 46 funds sold all Discovery Communications Inc. shares owned while 198 reduced positions. 62 funds bought stakes while 140 increased positions. They now own 221.89 million shares or 10.95% less from 249.17 million shares in 2016Q1.
Rafferty Asset Management Limited Liability accumulated 0.02% or 11,874 shares. Gsa Prtnrs Llp accumulated 34,035 shares or 0.05% of the stock. Bb&T Secs Limited Liability Co owns 925,980 shares or 0.34% of their US portfolio. Ladenburg Thalmann Financial Svcs, a Florida-based fund reported 4,514 shares. Cantab Cap Partners Llp last reported 0% of its portfolio in the stock. Aperio Group Ltd Liability Com, a California-based fund reported 77,347 shares. Dai Ichi Life Insur Ltd, a Japan-based fund reported 38,283 shares. Pinebridge Investments Ltd Partnership last reported 0.01% of its portfolio in the stock. Duncker Streett And Company Inc accumulated 344 shares or 0% of the stock. Commonwealth Bank Of accumulated 2,556 shares or 0% of the stock. Washington Retail Bank last reported 0% of its portfolio in the stock. Rhumbline Advisers, a Massachusetts-based fund reported 406,741 shares. Amg Tru Bank last reported 12,820 shares in the company. Tiaa Cref Invest Mngmt Limited Liability Company last reported 0.02% of its portfolio in the stock. Levin Capital Strategies Lp last reported 0.01% of its portfolio in the stock.

Insider Transactions: Since May 10, 2016, the stock had 0 buys, and 1 sale for $5.15 million net activity. MALONE JOHN C had sold 183,637 shares worth $5.15 million on Tuesday, May 10.

Discovery Communications, Inc., is a global media company. The company has a market cap of $9.96 billion. The Firm 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. It has a 13.83 P/E ratio. The Company’s divisions are U.S.

DISCA Company Profile

Discovery Communications, Inc., (Discovery), incorporated on April 28, 2008, is a global media company. The Firm 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. The Company’s divisions 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 product and service offerings, and production studios, and Corporate and Inter-segment Eliminations.

More important recent Discovery Communications Inc. (NASDAQ:DISCA) news were published by: Fool.com which released: “Discovery Communications Inc. Earnings Fall as TV Ad Sales Decline” on November 01, 2016, also Nasdaq.com published article titled: “Earnings Reaction History: Discovery Communications Inc., 66.7% Follow-Through …”, Zacks.com published: “Discovery Communications (DISCA) Q3 Earnings Miss” on November 01, 2016. More interesting news about Discovery Communications Inc. (NASDAQ:DISCA) was released by: Prnewswire.com and their article: “Discovery Communications Reports Third Quarter 2016 Results” with publication date: November 01, 2016.

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