Argus Downgrades Discovery Communications (DISCA) to Hold

November 11, 2016 8:00 AM EST
Get Alerts DISCA Hot Sheet
Price: $27.81 --0%

Rating Summary:
    5 Buy, 20 Hold, 7 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 10 | Down: 16 | New: 50
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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.

For an analyst ratings summary and ratings history on Discovery Communications click here. For more ratings news on Discovery Communications click here.

Shares of Discovery Communications closed at $26.03 yesterday.

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