Discovery Inc Series C (NASDAQ:DISCK) Cut to Sell at Zacks Investment Research

Zacks Investment Research cut shares of Discovery Inc Series C (NASDAQ:DISCK) from a hold rating to a sell rating in a research note released on Tuesday morning, Zacks.com reports.

According to Zacks, “Discovery Communications is the world’s number one nonfiction media company reaching more than 1.5 billion cumulative subscribers in 170 countries. It empowers people to explore their world and satisfy their curiosity through 100-plus worldwide networks, led by Discovery Channel, TLC, Animal Planet, Science Channel, Planet Green, Investigation Discovery and HD Theater, as well as leading consumer and educational products and services, and a diversified portfolio of digital media services including HowStuffWorks.com. “

Separately, BidaskClub cut shares of Zebra Technologies from a buy rating to a hold rating in a research note on Tuesday.

Shares of DISCK stock traded up $0.16 on Tuesday, hitting $28.98. 42,720 shares of the stock traded hands, compared to its average volume of 2,875,913. The stock has a market cap of $15.39 billion, a price-to-earnings ratio of 13.72 and a beta of 1.37. Discovery Inc Series C has a 52 week low of $21.99 and a 52 week high of $31.55. The business has a 50 day moving average price of $27.80. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.45.

Discovery Inc Series C (NASDAQ:DISCK) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.04. The firm had revenue of $2.71 billion for the quarter. Discovery Inc Series C had a net margin of 9.00% and a return on equity of 20.10%. Analysts forecast that Discovery Inc Series C will post 4.06 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of DISCK. JPMorgan Chase & Co. raised its holdings in shares of Discovery Inc Series C by 73.0% in the 1st quarter. JPMorgan Chase & Co. now owns 13,156,078 shares of the company’s stock valued at $334,428,000 after purchasing an additional 5,551,544 shares in the last quarter. Norges Bank bought a new position in shares of Discovery Inc Series C during the 4th quarter worth approximately $112,101,000. Janus Henderson Group PLC raised its stake in shares of Discovery Inc Series C by 21.1% during the 1st quarter. Janus Henderson Group PLC now owns 5,890,608 shares of the company’s stock worth $149,739,000 after acquiring an additional 1,025,674 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Discovery Inc Series C by 15.8% during the 4th quarter. Geode Capital Management LLC now owns 4,984,900 shares of the company’s stock worth $114,863,000 after acquiring an additional 680,982 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Discovery Inc Series C by 57.0% during the 4th quarter. FMR LLC now owns 1,753,507 shares of the company’s stock worth $40,471,000 after acquiring an additional 636,514 shares in the last quarter. Institutional investors and hedge funds own 56.49% 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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