Company Update: Discovery Communications Inc (NASDAQ:DISCA) – Discovery Communications (Nasdaq:DISCA) and Animal Planet’s Puppy Bowl XII to Ring The Nasdaq Stock Market Closing Bell

[GlobeNewswire] – What: Discovery Communications and Animal Planet will visit the Nasdaq MarketSite in Times Square to kick off Puppy Bowl XII on Sunday, February 7 from 3-5 PM ET/PT. In honor of the occasion, Melinda Toporoff, … Read more on this. Discovery Communications, Inc. (DISCA) , valued at $15.61B, began trading this morning at $27.22. A quick look at the market, the company’s stock traded between $26.79 and $27.43 and has traded between $24.70 and $34.94 over the past 12 months. Priced at 16.72x this year’s forecasted earnings, DISCA shares are relatively expensive compared to the industry ’s -0.95x forward p/e ratio. In a review of the consensus earnings estimate this quarter, 20 sell-side analysts are looking at $0.42 per share, which would be $0.04 better than the year-ago quarter and a $0.01 sequential decrease. The full-year EPS estimate is $1.65 which would be a $0.01 setback than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.67 Billion. If reported, that would be a 0.60% decrease over the year-ago quarter. In terms of ratings, Barclays downgraded DISCA from Overweight to Equal Weight (Oct 16, 2015). Previously, Macquarie downgraded DISCA from Outperform to Neutral. The average price target for DISCA shares is $31.05, which is 14.07% above where the stock opened this morning. See more in (NASDAQ:DISCA) Similar Articles: Market Update (NASDAQ:DISCA): Discovery Communications President and CEO David Zaslav to Present at UBS Global Media and Communications Conference Company Update: Discovery Communications Inc (NASDAQ:DISCA) – LIONSGATE PARTNERS WITH LIBERTY GLOBAL AND DISCOVERY COMMUNICATIONS Stock Update: Discovery Communications Inc (NASDAQ:DISCA) – Discovery Communications To Host Inaugural Investor Day On Tuesday, September 29