Discovery Comms Received its Third Buy in a Row

After Citigroup and Deutsche Bank gave Discovery Comms (NASDAQ: DISCA) a Buy rating last month, the company received another Buy, this time from Barrington. Analyst James Goss assigned a Buy rating to Discovery Comms today and set a price target of $30. The company’s shares opened today at $22.88.

According to TipRanks.com, Goss is a 5-star analyst with an average return of 12.8% and a 59.9% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Sirius XM Holdings Inc, and Cinemark Holdings Inc.

Currently, the analyst consensus on Discovery Comms is Moderate Buy and the average price target is $26.83, representing a 17.3% upside.

In a report issued on May 3, J.P. Morgan also upgraded the stock to Buy with a $29 price target.

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The company has a one-year high of $27.92 and a one-year low of $15.99. Currently, Discovery Comms has an average volume of 5.93M.

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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, and Education and Other.