Stock analysts at Sanford C. Bernstein upped their price objective on shares of Discovery Communications (NASDAQ:DISCK) from $90.00 to $95.00 in a report issued on Thursday, Analyst Ratings Network reports. Sanford C. Bernstein’s target price suggests a potential upside of 21.93% from the stock’s previous close.
Shares of Discovery Communications (NASDAQ: DISCK) traded up 0.82% during mid-day trading on Thursday, hitting $77.59. Discovery Communications has a one year low of $45.41 and a one year high of $77.99. The stock’s 50-day moving average is currently $71.5. The company has a market cap of $28.165 billion and a P/E ratio of 30.23.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital raised their price target on shares of Discovery Communications from $84.00 to $91.00 in a research note to investors on Thursday, July 18th. They now have an “outperform” rating on the stock. Separately, analysts at Lazard Capital Markets raised their price target on shares of Discovery Communications from $90.00 to $110.00 in a research note to investors on Thursday, July 18th. They now have a “buy” rating on the stock. Finally, analysts at Pivotal Research cut their price target on shares of Discovery Communications from $73.00 to $70.00 in a research note to investors on Monday, July 15th. They now have a “sell” rating on the stock.
One analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. Discovery Communications has a consensus rating of “Hold” and an average price target of $91.50.
Discovery Communications, Inc (NASDAQ: DISCK) is a global nonfiction media and entertainment company that provide programming across multiple distribution platforms worldwide.