In today’s session Discovery Communications Inc. (DISCA) registered an unusually high (268) 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 268 contracts traded and 7814 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: DISCA161216C00027500 closed last at: $0.45 or 0% . About 1.20M shares traded hands. Discovery Communications Inc. (NASDAQ:DISCA) has declined 6.84% since April 12, 2016 and is downtrending. It has underperformed by 11.82% the S&P500.
Discovery Communications Inc. (NASDAQ:DISCA) Ratings Coverage
Out of 19 analysts covering Discovery Communications (NASDAQ:DISCA), 3 rate it a “Buy”, 6 “Sell”, while 10 “Hold”. This means 16% are positive. $40 is the highest target while $23 is the lowest. The $28.41 average target is 3.72% above today’s ($27.39) stock price. Discovery Communications has been the topic of 45 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Topeka Capital Markets downgraded it to “Hold” rating and $31 target price in Monday, April 25 report. The rating was maintained by Topeka Capital Markets with “Buy” on Tuesday, October 27. The rating was downgraded by Macquarie Research on Wednesday, October 14 to “Neutral”. The stock of Discovery Communications Inc. (NASDAQ:DISCA) has “Buy” rating given on Monday, December 28 by Topeka Capital Markets. The firm has “Hold” rating given on Friday, November 11 by Argus Research. The company was maintained on Tuesday, February 16 by Topeka Capital Markets. The stock has “Equal-Weight” rating given by Barclays Capital on Friday, October 16. UBS downgraded it to “Sell” rating and $24 target price in Friday, July 15 report. The rating was maintained by M Partners with “Neutral” on Friday, February 19. The rating was maintained by FBR Capital on Wednesday, September 30 with “Mkt Perform”.
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 Q2 2016. 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.
Cedar Hill Ltd Liability Company accumulated 447,800 shares or 1.83% of the stock. The Pennsylvania-based Stevens Cap Management L P has invested 0.08% in Discovery Communications Inc. (NASDAQ:DISCA). Alphamark Ltd Liability Corporation holds 0% of its portfolio in Discovery Communications Inc. (NASDAQ:DISCA) for 82 shares. The Nebraska-based Ameritas Inv Ptnrs Inc has invested 0.01% in Discovery Communications Inc. (NASDAQ:DISCA). The Texas-based Capstone Asset has invested 0.02% in Discovery Communications Inc. (NASDAQ:DISCA). Stephens Ar holds 0.01% of its portfolio in Discovery Communications Inc. (NASDAQ:DISCA) for 12,245 shares. Texas Permanent School Fund has 77,461 shares for 0.02% of their US portfolio. Berkshire Asset Mngmt Llc Pa owns 36,642 shares or 0.13% of their US portfolio. California Pub Employees Retirement System holds 0.03% of its portfolio in Discovery Communications Inc. (NASDAQ:DISCA) for 742,900 shares. Stifel Fin accumulated 82,619 shares or 0.01% of the stock. Marshall Wace Ltd Liability Partnership reported 27,912 shares or 0.01% of all its holdings. Intact Investment Management last reported 0.01% of its portfolio in the stock. Pictet Asset Mgmt Ltd holds 134,773 shares or 0.01% of its portfolio. Auxier Asset Mngmt has invested 0.05% of its portfolio in Discovery Communications Inc. (NASDAQ:DISCA). Blackrock Gru Limited holds 2.00M shares or 0.02% of its portfolio.
Discovery Communications, Inc., is a global media company. The company has a market cap of $10.88 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 15.38 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 recent Discovery Communications Inc. (NASDAQ:DISCA) news were published by: Wsj.com which released: “Discovery Communications Profit Declines 22%” on November 01, 2016. Also Prnewswire.com published the news titled: “Discovery Communications Reports Third Quarter 2016 Results” on November 01, 2016. Marketwatch.com‘s news article titled: “Discovery Communications partners with MLB’s BAMTech to launch European venture” with publication date: November 01, 2016 was also an interesting one.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.