(DISCK) on Tuesday reported fourth-quarter net income of $304 million. Discovery Communications has a 52 week low of $23.66 and a 52 week high of $29.75. The institutional investor owned 279,789 shares of the company's stock after buying an additional 55,803 shares during the period. This company shares are -4.24% up from its target price of $27.8 and the current market capitalization stands at $11.14B.
The revenue improvement witnessed in the U.S. Networks and International Networks units was somewhat mitigated by the disappointing performance of the Education and Other division.Quarterly adjusted operating income before depreciation and amortization (OIBDA) increased 1% year over year.
On a technical level the stock has a 50 Day Moving Average of $27.81. Finally, River & Mercantile Asset Management bought a new stake in Discovery Communications during the fourth quarter valued at about $2,646,000. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Sales during the quarter are predicted to arrive at $1.63 billion. (NASDAQ:DISCA) will post earnings of $0.51 per share for the current quarter. The stock hit 1-yearhigh at $18.40 and a low of $10.38 in the same period. L.P. (NYSE:KKR) last announced results for quarter ended on 31 Dec 2016, disclosing EPS of $0.4. Finally, Royal Bank Of Canada lifted their price objective on Discovery Communications from $33.00 to $35.00 and gave the company an "outperform" rating in a research report on Wednesday, November 16th. Nordea Investment Management AB increased its stake in Discovery Communications by 10.1% in the second quarter.
Revenues in the US Networks division climbed 3% to $812 million. (NASDAQ:DISCA) delivering better than expected earnings for the December quarter, S&P Capital IQ analyst Amobi lifted his 12-month price target by $4 to $34. 981,352 shares of the stock traded hands. This is the top price point and lowest from the analysts taken into consideration by Zacks Research. Acrospire Investment Management LLC now owns 6,200 shares of the company's stock valued at $167,000 after buying an additional 3,300 shares in the last quarter. That write-down was caused by a pivot from more expensive Hollywood content toward more local fare after competition from services like Netflix Inc. and HBO caused viewership to decline about 20% over the last 2 1/2 years, Discovery Chief Executive David Zaslav said in a call with analysts. The Company provides content across multiple distribution platforms including pay-TV free-to-air and broadcast television Websites digital distribution arrangements and content licensing agreements. Analyst's mean target price for RACE is $62.25 while analysts mean recommendation is 2.50. Discovery is a global media and entertainment company that offers original and purchased programming in the United States and over 170 other countries with over 100 television networks.