Argus Downgrades Discovery Communications (DISCA) to Hold
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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.
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