Discovery buys Scripps for $11.9-billion to form US cable giant

With the acquisition Discovery can cut costs and use Scripps's shows to further its international reach

With the acquisition Discovery can cut costs and use Scripps's shows to further its international reach

The firm owned 472,618 shares of the company's stock after buying an additional 5,324 shares during the period.

Other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP now owns 6,622 shares of the company's stock valued at $187,000 after buying an additional 6,039 shares in the last quarter.

Sell-side analyst recommendations point to a short term price target of $28.56 on the shares of Discovery Communications, Inc.

Over the past five trading sessions shares of Gevo, Inc.

"It's not about getting the biggest audience, its about getting an audience that you can nourish and loves you", Discovery CEO David Zaslav said.

The schedules to the Agreement and Plan of Merger have been omitted from this filing Discovery Communications, Inc. DISCK's value Change from Open was at 1.55% with a Gap of -0.12%. Discovery Communications, Inc. has a 52-week low of $23.95 and a 52-week high of $30.25. The company has a 50 day moving average price of $25.38 and a 200-day moving average price of $26.69.

The stock has a market capitalization of $10.90 billion, a P/E ratio of 12.87 and a beta of 1.60. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.35. Each produces net profit margins in the high teens, with Discovery earning a net profit of $1.2 billion a year ago.

Marci Ryvicker of Wells Fargo noted that Discovery's second-quarter revenues were below forecasts and Scripps' also missed its targets and lowered its revenue guidance for the remainder of the year. "(NASDAQ:DISCA)" was first posted by BBNS and is the property of of BBNS. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of US and worldwide trademark and copyright law.

DISCK has been the subject of a number of recent research reports. Finally, TheStreet downgraded Discovery Communications from a "b-" rating to a "c+" rating in a research note on Wednesday, May 17th.

This recommendation lands on a scale between 1 and 5. Discovery Communications now has a consensus rating of "Hold" and an average price target of $28.65.

Insider Trades for Discovery Communications, Inc. show that the latest trade was made on 14 Jun 2017 where Campbell (Bruce L), the Officer completed a transaction type "Sell" in which 9283 shares were traded at a price of $26.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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