Discovery Comms was Upgraded to a Hold Rating at Credit Suisse

By Ryan Adsit

In a report released yesterday, Omar Sheikh from Credit Suisse upgraded Discovery Comms (NASDAQ: DISCA) to Hold. The company’s shares closed yesterday at $21.48, close to its 52-week low of $20.53.

According to TipRanks.com, Sheikh is a 3-star analyst with an average return of 5.5% and a 55.9% success rate. Sheikh covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Cinemark Holdings Inc, and Regal Entertainment.

Currently, the analyst consensus on Discovery Comms is Moderate Buy and the average price target is $27.88, representing a 29.8% upside.

In a report issued on September 6, Cowen & Co. also reiterated a Hold rating on the stock with a $25 price target.

The company has a one year high of $30.25 and a one year low of $20.53. Currently, Discovery Comms has an average volume of 4.04M.

Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DISCA in relation to earlier this year. Most recently, in June 2017, Kurt Wehner, the CAO of DISCA sold 4,746 shares for a total of $123,773.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.