Discovery Communications, Inc. (NASDAQ:DISCA) Sees The Needle Move on Volume

Darrell Miklos Jerry Roberts and executive producers Ari Mark and Darryl Frank of the docuseries 'Cooper's Treasure' speak onstage during the Discovery Channel portion of the 2017 Winter Television Critics Association Press Tour

Discovery Communications acquires Scripps Networks Interactive

Following the completion of the transaction, the insider now owns 232,071 shares of the company's stock, valued at approximately $15,539,474.16. "While it could be argued that the move is somewhat defensive by Discovery, scale for programmers will be increasingly important", he said.

A previous attempt to merge the two companies failed back in 2014, but this latest set of talks has resulted in a deal.

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David Zaslav, President and CEO, Discovery Communications said: "This is an exciting new chapter for Discovery". The business's revenue was up 4.7% compared to the same quarter past year. (NASDAQ:DISCK) news were published by: Nasdaq.com which released: "Discovery Communications, Inc". Hedge funds and other institutional investors own 46.96% of the company's stock. Looking out over the past year, company shares have been recorded -19.31% off the 52 week high and 1.90% away from the low over the same period. About 8.07M shares traded or 355.93% up from the average. Discovery Communications, Inc. The company has a 50-day moving average price of $25.38 and a 200-day moving average price of $26.69. The company has a market cap of $10.14 billion, a P/E ratio of 11.98 and a beta of 1.49. Company fiscal year is ending in December and analysts' consensus recommendation is Outperform for DVAX and estimated EPS for next quarter is $ -0.41. Discovery Communications had a return on equity of 23.67% and a net margin of 17.50%. The firm had revenue of $1.61 billion during the quarter.

Sell-side analyst recommendations point to a short term price target of $28.56 on the shares of Discovery Communications, Inc. "(NASDAQ:DISCA)" was first posted by BBNS and is the property of of BBNS. The original version of this piece of content can be viewed at https://www.chaffeybreeze.com/2017/07/31/discovery-communications-inc-disck-position-held-by-first-national-bank-of-omaha-updated.html.

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A number of research firms have recently issued reports on DISCK. Zacks Investment Research raised shares of Scripps Networks Interactive from a "sell" rating to a "hold" rating in a research note on Tuesday, July 25th. Discovery Communications now has a consensus rating of "Hold" and an average target price of $28.65.

"We view the deal as among the most logical in media", RBC Capital Markets analyst Steven Cahall said in a recent report. 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.

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