Argus Downgrades Discovery Communications (DISCA) to Hold
Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.
Argus downgraded Discovery Communications (NASDAQ: DISCA) from Buy to Hold.
The firm expect slower revenue growth from DISCA over the next few quarters due to cable industry consolidation and mixed advertising results in northern Europe.
The firm is reiterating their 2016 adjusted EPS estimate of $2.05 and our 2017 forecast of $2.16.
Shares of Discovery Communications closed at $26.03 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Argus Downgrades Wells Fargo (WFC) to Hold
- Credit Suisse Downgrades Kohl's (KSS) to Underperform
- Wedbush Remains Bullish on Nexstar Broadcasting (NXST) - PT to $75
Create E-mail Alert Related CategoriesAnalyst Comments, Downgrades
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!