Discovery (DISCA) Gets a Hold Rating from Rosenblatt Securities

By Ryan Adsit

In a report released yesterday, Bernie McTernan from Rosenblatt Securities reiterated a Hold rating on Discovery (DISCAResearch Report), with a price target of $33.00. The company’s shares closed last Monday at $30.91.

According to TipRanks.com, McTernan is a 2-star analyst with an average return of 2.4% and a 53.8% success rate. McTernan covers the Services sector, focusing on stocks such as Charter Communications, World Wrestling, and MSG Networks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Discovery with a $33.29 average price target, which is a 7.5% upside from current levels. In a report issued on November 6, UBS also maintained a Hold rating on the stock with a $30.00 price target.

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Based on Discovery’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.88 billion and net profit of $948 million. In comparison, last year the company earned revenue of $2.59 billion and had a net profit of $117 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, Education and Other, and Corporate and Inter-segment Eliminations.