Barrington Keeps Their Buy Rating on Discovery Comms

By Jason Carr

In a report released yesterday, James Goss from Barrington maintained a Buy rating on Discovery Comms (NASDAQ: DISCA), with a price target of $30. The company’s shares closed yesterday at $23.40.

According to TipRanks.com, Goss is a 5-star analyst with an average return of 14.7% and a 62.2% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Sirius XM Holdings Inc, and Cinemark Holdings Inc.

Currently, the analyst consensus on Discovery Comms is Moderate Buy and the average price target is $25.56, representing a 9.2% upside.

In a report issued on April 2, Wells Fargo also upgraded the stock to Buy with a $27 price target.

Based on Discovery Comms’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.87 billion and GAAP net loss of $767 million. In comparison, last year the company earned revenue of $1.62 billion and had a net profit of $215 million.

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Discovery, Inc. is a media company, which engages in the provision of content across distribution platforms and digital distribution arrangements. It operates through the following segments: U.S. Networks, International Networks, and Education and Other. The U.S.