Guggenheim analyst Michael Morris reiterated a Hold rating on Discovery Comms (NASDAQ: DISCA) on July 11 and set a price target of $26. The company’s shares closed yesterday at $27.44, close to its 52-week high of $28.78.
According to TipRanks.com, Morris is a 4-star analyst with an average return of 14.2% and a 57.1% success rate. Morris covers the Services sector, focusing on stocks such as Altice Usa Inc, AMC Networks, and Dish Network.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Discovery Comms with a $30 average price target, which is a 9.3% upside from current levels. In a report issued on July 10, Credit Suisse also initiated coverage with a Hold rating on the stock with a $30 price target.
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The company has a one-year high of $28.78 and a one-year low of $15.99. Currently, Discovery Comms has an average volume of 5.52M.
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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.
