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Published: Wed, February 15, 2017
Economy | By Melissa Porter

Auxier Asset Management Lowers Stake in Discovery Communications, Inc. (DISCA)


Discovery Communications has released positive full-year and fourth-quarter results, driven largely by a diversified slate of nonfiction, sports and kids entertainment brands, the company has reported. Discovery Communications has a 52 week low of $23.66 and a 52 week high of $29.75. Institutional investors and hedge funds own 41.96% of the company's stock. The company now has a consensus rating of "Hold" and an average target price of $29.62.

The company's total revenues rose to $1.67-billion from $1.65-billion from the previous quarter - a 2% increase, thanks to accelerating gains in the US division. The firm's 50 day moving average price is $15.75 and its 200 day moving average price is $15.06.

DISCOVERY COMMUNICATIONS INC., formerly Discovery Holding Company, is a holding company that conducts operations through its two wholly owned operating subsidiaries, Ascent Media Group, LLC and Ascent Media CANS, LLC, and throught its 66.66% owned equity affiliate Discovery Communications Holding, LLC.

Discovery Communications, Inc. (NASDAQ:DISCK) is now showing its ROA (Return on Assets) of 0%. The mean PT for this stock is at $19.95 while the max. level suggested by the brokerage firms is $25.00 and min. PT is $16.00. Toronto Dominion Bank increased its stake in Discovery Communications by 433.8% in the third quarter.

The company bought back shares worth $1,374 million in the reported quarter. Advisor Group Inc. now owns 7,394 shares of the company's stock valued at $199,000 after buying an additional 2,711 shares in the last quarter.

Discovery Communications (NASDAQ:DISCA) opened at 27.96 on Friday. While in the same Quarter Previous year, the Actual EPS was $0.34. Nordea Investment Management AB now owns 4,141 shares of the company's stock worth $104,000 after buying an additional 381 shares in the last quarter. Toronto Dominion Bank increased its stake in Discovery Communications by 403.3% in the third quarter. On average, analysts expect that Nuance Communications, Inc. will post $1.58 earnings per share for the current year.

For the quarter, global networks' revenues stayed relatively flat at $819 million and adjusted OIBDA decreased 12% to $231 million, which the company blamed on foreign exchange rates and higher operating expenses. Zacks Investment Research raised shares of Nuance Communications from a "hold" rating to a "buy" rating and set a $18.00 target price for the company in a research report on Thursday, December 1st. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/02/14/discovery-communications-inc-disck-shares-sold-by-oxford-asset-management.html. The Company provides content across multiple distribution platforms including pay-TV free-to-air and broadcast television Websites digital distribution arrangements and content licensing agreements. The Companys subsidiaries include Discovery Holding Company (DHC) and Discovery Communications Holding LLC (DCH).

The company saw its USA ratings affected by bigger news channel audiences amid the presidential election.

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