That has put pressure on TV companies like Discovery to grow in size as a way to gain leverage in negotiations with cable distributors. The number of shares now owned by investors are 368.58 mln. Principal Financial Group Inc. owned approximately 0.06% of Discovery Communications worth $9,863,000 as of its most recent SEC filing. It has underperformed by 16.38% the S&P500. The number of shares now owned by investors are 14.9 mln. Post-merger, existing Discover shareholders will own about 80% of the company. The California-based Covington Capital Management has invested 0.57% in the stock. J P Morgan Chase & Co raised shares of Scripps Networks Interactive from an "underweight" rating to a "neutral" rating and set a $83.00 price target on the stock in a research note on Friday, May 5th. The current share price indicates that stock is -17.21% away from its one year high and is moving 46.17% ahead of its 52-week low. It is down 0.00% since July 31, 2016 and is. It has underperformed by 13.41% the S&P500.
VNBTrust National Association cut its position in shares of Discovery Communications, Inc.
Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings data on Monday, July 31st. Company fiscal year is ending in February and analysts' consensus recommendation is Hold for BBRY and estimated EPS for next quarter is $ 0.01.
Discovery Communications, Inc.is a global media company. More interesting news about Discovery Communications Inc. The firm has a market capitalization of $10.25 billion, a PE ratio of 12.10 and a beta of 1.49. 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. Together, the merged companies will operate almost 20% of cable viewership in the U.S. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. Therefore 12% are positive.
Several analysts have commented on the company.
News articles about Scripps Networks Interactive (NASDAQ:SNI) have trended somewhat positive on Monday, according to Accern Sentiment. The stock has a consensus rating of "Hold" and an average target price of $28.65. As per Tuesday, April 26, the company rating was downgraded by Macquarie Research. Finally, Shelton Capital Management boosted its stake in shares of Discovery Communications by 77.8% in the first quarter. SELL rating has been given by 0 analyst (s) and 0 analyst (s) given BUY rating to the stock. Insiders own 2.50% of the company's stock.