Discovery Inc Series B (NASDAQ:DISCB) Rating Lowered to Sell at ValuEngine

Discovery Inc Series B (NASDAQ:DISCB) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Thursday, ValuEngine reports.

NASDAQ DISCB traded up $0.40 during mid-day trading on Thursday, hitting $36.90. The company’s stock had a trading volume of 662 shares, compared to its average volume of 220. Discovery Inc Series B has a 52-week low of $27.80 and a 52-week high of $40.50. The company has a fifty day moving average price of $34.92. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.45. The stock has a market cap of $19.37 billion, a price-to-earnings ratio of 13.08 and a beta of 1.23.

Discovery Inc Series B (NASDAQ:DISCB) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.08. Discovery Inc Series B had a net margin of 9.00% and a return on equity of 20.10%. The firm had revenue of $2.71 billion for the quarter.

A hedge fund recently raised its stake in Discovery Inc Series B stock. FNY Investment Advisers LLC raised its position in Discovery Inc Series B (NASDAQ:DISCB) by 9,657.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,708 shares of the company’s stock after acquiring an additional 3,670 shares during the quarter. FNY Investment Advisers LLC’s holdings in Discovery Inc Series B were worth $126,000 at the end of the most recent quarter. 0.01% of the stock is currently owned by institutional investors and hedge funds.

About Discovery Inc Series B

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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