Discovery Inc Series C (NASDAQ:DISCK) Lifted to Hold at BidaskClub

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BidaskClub upgraded shares of Discovery Inc Series C (NASDAQ:DISCK) from a sell rating to a hold rating in a report issued on Saturday, BidAskClub reports.

Other analysts have also issued research reports about the stock. ValuEngine upgraded shares of Discovery Inc Series C from a strong sell rating to a sell rating in a research note on Thursday, August 8th. Morgan Stanley decreased 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 research note on Wednesday. Finally, Zacks Investment Research lowered shares of Discovery Inc Series C from a hold rating to a sell rating in a research note on Tuesday, July 16th. Two equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The stock has an average rating of Hold and an average price target of $30.00.

NASDAQ:DISCK traded down $0.09 during mid-day trading on Friday, hitting $28.61. 2,558,400 shares of the company’s stock were exchanged, compared to its average volume of 2,516,094. The company has a 50 day simple moving average of $25.49 and a 200-day simple moving average of $26.78. The firm has a market capitalization of $14.05 billion, a P/E ratio of 8.40 and a beta of 1.43. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.32. Discovery Inc Series C has a fifty-two week low of $21.99 and a fifty-two week high of $31.03.

Discovery Inc Series C (NASDAQ:DISCK) last released 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 net margin of 15.62% and a return on equity of 21.53%.

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Discovery Inc Series C by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 37,405,007 shares of the company’s stock worth $1,064,172,000 after acquiring an additional 1,458,903 shares during the last quarter. BlackRock Inc. boosted its holdings in Discovery Inc Series C by 3.5% during the 2nd quarter. BlackRock Inc. now owns 23,321,810 shares of the company’s stock worth $663,507,000 after acquiring an additional 795,361 shares during the last quarter. CQS Cayman LP boosted its holdings in Discovery Inc Series C by 30.1% during 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 last quarter. Wells Fargo & Company MN boosted its holdings in Discovery Inc Series C by 1,011.1% during 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 last quarter. Finally, Prudential Financial Inc. boosted its holdings in Discovery Inc Series C by 764.8% during 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 last quarter. Institutional investors and hedge funds own 56.76% of the company’s stock.

About Discovery Inc Series C

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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