Discovery Communications, Inc. (NASDAQ:DISCA) Buckles Under The Trend Lines

The company is unchanged from yesterday's close of $21.52. Nomura Holdings Inc controls 15,990 shares valued at $403,000. Moreover, Kalmar Investments Inc De has 0.99% invested in the company for 627,406 shares. Finally, British Columbia Investment Management Corp increased its stake in Discovery Communications by 206.7% in the first quarter. The NYSE listed company saw a recent bid of $5.93 and 2686530 shares have traded hands in the session. Louisiana State Employees Retirement System's holdings in Discovery Communications were worth $330,000 at the end of the most recent quarter. Meeder Asset Management Inc. bought a new stake in shares of Discovery Communications during the first quarter worth $178,000. The firm owned 387,472 shares of the company's stock after selling 107,560 shares during the period. Vanguard Group Inc. now owns 15,803,301 shares of the company's stock worth $459,718,000 after buying an additional 803,848 shares during the last quarter. Comerica Bank now owns 48,580 shares of the company's stock worth $1,428,000 after buying an additional 2,145 shares in the last quarter. Hedge funds and other institutional investors own 46.47% of the company's stock. Piper Jaffray initiated Discovery Communications Inc.

Taking a deeper look into the technical levels of Discovery Communications Inc (DISCK), we can see that the Williams Percent Range or 14 day Williams %R now sits at -98.85.

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NASDAQ:DISCK) was down -1.06% (-$0.23) to $21.52 and showed a volume of 3.4 mln shares. Discovery Communications has $40 highest and $23 lowest target. The 50 day moving average was down $-2.95 and the 200 day average moved down $-4.78. The company has Beta Value of 1.6 and ATR value of 0.71. Discovery Communications Inc. (NASDAQ:DISCA) has declined 0.88% since August 15, 2016 and is downtrending. The company reported $0.68 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.72 by $0.04.

While looking at the Stock's Performance, Discovery Communications, Inc. now shows a Weekly Performance of -5.52%, where Monthly Performance is -14.87%, Quarterly performance is -13.9%, 6 Months performance is -22.6% and yearly performance percentage is -14.13%.

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The High Revenue estimate is predicted as 1.67 Million, while the Low Revenue Estimate prediction stands at 1.62 Million. During the same period in the previous year, the company posted $0.71 EPS. The business's revenue was up 2.2% on a year-over-year basis. Analysts predict that Discovery Communications, Inc. will post $2.23 earnings per share for the current year. If you are reading this news story on another website, it was illegally copied and reposted in violation of global copyright & trademark laws. If you are reading this article on another website, it was stolen and reposted in violation of United States & worldwide copyright legislation. (NASDAQ:DISCA). Montana-based Da Davidson has invested 0.01% in Discovery Communications Inc. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock.

Many analysts are providing their Estimated Earnings analysis for Discovery Communications, Inc. and for the current quarter 7 analysts have projected that the stock could give an Average Earnings estimate of $0.54/share. BidaskClub downgraded shares of Discovery Communications from a "hold" rating to a "sell" rating in a research report on Thursday, July 27th. Cowen and Company reaffirmed a "hold" rating and issued a $25.00 target price on shares of Discovery Communications in a research report on Thursday, August 3rd. TheStreet downgraded Discovery Communications from a "b-" rating to a "c+" rating in a research note on Wednesday, May 17th. Zacks Investment Research cut Discovery Communications from a "hold" rating to a "sell" rating in a research note on Thursday, May 4th.

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Zacks presents analysts with an ABR (Average Broker Rating), based on the sell-side recommendations. The stock's average target of $28.09 is 22.88% above today's ($22.86) share price. Following the purchase, the chief financial officer now directly owns 35,000 shares of the company's stock, valued at approximately $759,500. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The shares were sold at an average price of $26.43, for a total transaction of $245,349.69. The disclosure for this purchase can be found here. In the last three months, insiders acquired 45,000 shares of company stock valued at $1,016,200. Company insiders own 5.78% of the company's stock. The Company provides content across multiple distribution platforms, including pay-television (pay-TV), free-to-air (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements. The Company's portfolio includes protein products, chromatography products, and filtration products.

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