Discovery (DISCA) Receives a Buy from RBC Capital

By Ryan Adsit

RBC Capital analyst Kutgun Maral maintained a Buy rating on Discovery (DISCAResearch Report) today and set a price target of $26.00. The company’s shares closed last Thursday at $21.56.

According to, Maral is a 2-star analyst with an average return of -2.6% and a 20.0% success rate. Maral covers the Services sector, focusing on stocks such as Charter Communications, Lions Gate Ent Cl A, and Sirius XM Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Discovery with a $27.38 average price target, implying a 29.0% upside from current levels. In a report issued on April 29, Barrington also reiterated a Buy rating on the stock with a $34.00 price target.

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The company has a one-year high of $33.66 and a one-year low of $17.13. Currently, Discovery has an average volume of 5.93M.

Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DISCA in relation to earlier this year.

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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. The U.S. Networks segment owns and operates national television networks such as Discovery Channel, Animal Planet, and Investigation Discovery and Science. The International Networks segment consists of international television networks and websites. The Education and Other segment offers curriculum-based product and service offerings. The Corporate and Inter-segment Eliminations segment represents unallocated corporate amounts. The company was founded by John S. Hendricks in September 1982 and is headquartered in Silver Spring, MD.