In today’s session Discovery Communications Inc. (DISCA) registered an unusually high (101) 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 101 contracts traded and 12424 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: DISCA161216C00027500 closed last at: $0.85 or 6.2% up. About 334,340 shares traded hands. Discovery Communications Inc. (NASDAQ:DISCA) has declined 3.48% since April 26, 2016 and is downtrending. It has underperformed by 8.74% the S&P500.
Analysts await Discovery Communications Inc. (NASDAQ:DISCA) to report earnings on February, 16. They expect $0.50 EPS, up 31.58% or $0.12 from last year’s $0.38 per share. DISCA’s profit will be $193.52M for 13.66 P/E if the $0.50 EPS becomes a reality. After $0.40 actual EPS reported by Discovery Communications Inc. for the previous quarter, Wall Street now forecasts 25.00% EPS growth.
Discovery Communications Inc. (NASDAQ:DISCA) Ratings Coverage
Out of 19 analysts covering Discovery Communications (NASDAQ:DISCA), 4 rate it a “Buy”, 6 “Sell”, while 9 “Hold”. This means 21% are positive. Discovery Communications has been the topic of 46 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm has “Sell” rating by Moffett Nathanson given on Tuesday, September 27. Topeka Capital Markets maintained the shares of DISCA in a report on Monday, December 28 with “Buy” rating. Topeka Capital Markets maintained the shares of DISCA in a report on Tuesday, October 27 with “Buy” rating. The rating was maintained by Barclays Capital with “Overweight” on Friday, August 14. The stock has “Hold” rating given by Argus Research on Friday, November 11. The firm has “Sector Perform” rating given on Wednesday, September 30 by RBC Capital Markets. Citigroup downgraded it to “Sell” rating and $27 target price in Wednesday, May 18 report. The stock of Discovery Communications Inc. (NASDAQ:DISCA) has “Market Perform” rating given on Thursday, September 29 by Barrington Research. The company was upgraded on Thursday, August 6 by Pivotal Research. The firm has “Neutral” rating given on Monday, August 3 by UBS.
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 decreased to 0.62 in 2016 Q2. Its down 0.21, from 0.83 in 2016Q1. The ratio dropped, 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.
First Quadrant L P Ca last reported 47,300 shares in the company. Putnam Invs Lc holds 0.16% or 2.54M shares in its portfolio. Kbc Gp Nv last reported 0.01% of its portfolio in the stock. Dimensional Fund Advsr Lp last reported 1.34 million shares in the company. Qualcomm De accumulated 0.69% or 214,000 shares. Citadel Advisors, a Illinois-based fund reported 176,933 shares. Loomis Sayles And Communications Limited Partnership accumulated 200 shares or 0% of the stock. Us Comml Bank De has 135,064 shares for 0.01% of their US portfolio. Aperio Grp Limited Co holds 0.01% or 77,347 shares in its portfolio. Whittier Company Of Nevada last reported 0.01% of its portfolio in the stock. Moreover, Bartlett And Communications Limited Com has 0.01% invested in Discovery Communications Inc. (NASDAQ:DISCA) for 6,406 shares. Apg Asset Nv accumulated 0.02% or 350,004 shares. Alexandria Capital Ltd Liability Corporation accumulated 180 shares or 0% of the stock. Tarbox Grp Inc last reported 0% of its portfolio in the stock. Guardian Life Insur Communications Of America has 887 shares for 0% of their US portfolio.
Discovery Communications, Inc., is a global media company. The company has a market cap of $10.57 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 15.34 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 Nasdaq.com published the news titled: “Earnings Reaction History: Discovery Communications Inc., 66.7% Follow-Through …” on November 01, 2016. Prnewswire.com‘s news article titled: “Discovery Communications Reports Third Quarter 2016 Results” with publication date: November 01, 2016 was also an interesting one.
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