Discovery Comms Receives a Hold from Jefferies

By Carrie Williams

Jefferies analyst John Janedis reiterated a Hold rating on Discovery Comms (NASDAQ: DISCA) on June 14 and set a price target of $28. The company’s shares closed yesterday at $26.41.

According to, Janedis is a 5-star analyst with an average return of 8.9% and a 66.4% success rate. Janedis covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Live Nation Entertainment, and Madison Square Garden Co.

Discovery Comms has an analyst consensus of Hold, with a price target consensus of $29.60.

Based on Discovery Comms’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.62 billion and quarterly net profit of $215 million. In comparison, last year the company earned revenue of $1.56 billion and had a net profit of $263 million.

Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Kurt Wehner, the CAO of DISCA sold 4,746 shares for a total of $123,773.

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Discovery Communications, Inc. is a global media company that provides content across multiple distribution platforms, including digital distribution arrangements, throughout the world. The company operates following business segments: U.S. Networks, International Networks and Education. The U.S. Networks segment wholly owns and operates nine national television networks, including fully distributed television networks such as Discovery Channel, TLC, Animal Planet, Investigation Discovery and Science. The International Networks segment consists of international television networks and websites. The Education segment consist curriculum-based product and service offerings. Discovery Communications was founded by John S. Hendricks in September 17, 2008 and is headquartered in Silver Spring, MD.