Imperial Capital Maintains a Buy Rating on Discovery Comms (DISCA)


In a report released today, David Miller from Imperial Capital maintained a Buy rating on Discovery Comms (NASDAQ: DISCA), with a price target of $31. The company’s shares opened today at $25.65.

According to TipRanks.com, Miller is a 5-star analyst with an average return of 14.2% and a 63.4% success rate. Miller covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, AMC Entertainment, and AMC Networks.

Discovery Comms has an analyst consensus of Moderate Buy, with a price target consensus of $29.44, representing a 14.8% upside. In a report released yesterday, Barrington also maintained a Buy rating on the stock with a $30 price target.

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Based on Discovery Comms’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.85 billion and net profit of $155 million. In comparison, last year the company earned revenue of $1.75 billion and had a net profit of $374 million.

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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.

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