Discovery Inc Series C (NASDAQ:DISCK) Rating Lowered to Strong Sell at ValuEngine

Discovery Inc Series C (NASDAQ:DISCK) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday, ValuEngine reports.

Several other research firms have also recently commented on DISCK. BidaskClub upgraded shares of Discovery Inc Series C from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. Morgan Stanley reduced their price target on shares of Discovery Inc Series C from $32.00 to $30.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Discovery Inc Series C currently has a consensus rating of “Hold” and a consensus price target of $30.00.

NASDAQ DISCK traded up $0.39 during trading on Wednesday, hitting $29.61. The company’s stock had a trading volume of 3,815,600 shares, compared to its average volume of 2,556,638. Discovery Inc Series C has a 52 week low of $21.99 and a 52 week high of $30.29. The firm has a market cap of $14.65 billion, a P/E ratio of 8.06 and a beta of 1.43. The firm has a 50 day moving average price of $26.34 and a 200 day moving average price of $26.77. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.33.

Discovery Inc Series C (NASDAQ:DISCK) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.05. The company had revenue of $2.68 billion during the quarter. Discovery Inc Series C had a return on equity of 23.29% and a net margin of 16.81%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Discovery Inc Series C by 4.1% during the second quarter. Vanguard Group Inc. now owns 37,405,007 shares of the company’s stock valued at $1,064,172,000 after acquiring an additional 1,458,903 shares during the period. BlackRock Inc. raised its holdings in Discovery Inc Series C by 3.5% in the 2nd quarter. BlackRock Inc. now owns 23,321,810 shares of the company’s stock valued at $663,507,000 after acquiring an additional 795,361 shares in the last quarter. CQS Cayman LP lifted its position in shares of Discovery Inc Series C by 30.1% in the 2nd quarter. CQS Cayman LP now owns 5,829,106 shares of the company’s stock worth $165,838,000 after acquiring an additional 1,347,163 shares during the period. Wells Fargo & Company MN lifted its position in shares of Discovery Inc Series C by 1,011.1% in the 2nd quarter. Wells Fargo & Company MN now owns 5,561,179 shares of the company’s stock worth $158,216,000 after acquiring an additional 5,060,685 shares during the period. Finally, Prudential Financial Inc. lifted its position in shares of Discovery Inc Series C by 764.8% in the 2nd quarter. Prudential Financial Inc. now owns 4,706,539 shares of the company’s stock worth $133,901,000 after acquiring an additional 4,162,274 shares during the period. Institutional investors and hedge funds own 56.44% of the company’s stock.

Discovery Inc Series C Company Profile

Discovery, Inc operates as a media company worldwide. The company operates through two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, MotorTrend, Food Network, HGTV, Travel Channel, TVN, DIY Network, Cooking Channel, Discovery Family Channel, American Heroes Channel, Destination America, Discovery Life, Discovery en Espanol, Discovery Familia, Great American Country, the Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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