Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup (NYSE: C) downgraded shares of Discovery from a “buy” rating to a “neutral” rating in a research note to investors on Monday, April 9th. Separately, analysts at Deutsche Bank (NYSE: DB) raised their price target on shares of Discovery to $60.00 in a research note to investors on Monday, April 9th. Finally, analysts at Susquehanna downgraded shares of Discovery from a “positive” rating to a “neutral” rating in a research note to investors on Wednesday, April 4th.
Shares of Discovery traded down 1.56% during mid-day trading on Tuesday, hitting $50.01. Discovery has a one year low of $34.75 and a one year high of $55.00. The company has a market cap of $19.454 billion and a P/E ratio of 18.16.
Discovery last issued its quarterly earnings data on Tuesday, May 8th. The company reported $0.57 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.59 by $0.02. Discovery’s revenue was up 16.0% compared to the same quarter last year. On average, analysts predict that Discovery will post $0.66 earnings per share next quarter.
Discovery Communications Inc. (Discovery) is a global media and entertainment company that provides original and purchased programming across multiple distribution platforms in the United States and over 170 other countries.