Barclays Sees Discovery Communications (DISCA) As Best Positioned Network Portfolio
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Price: $24.43 --0%
Rating Summary:
12 Buy, 21 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 16 | New: 19
Rating Summary:
12 Buy, 21 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 16 | New: 19
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Barclays maintains an 'Equalweight' on Discovery Communications (NASDAQ: DISCA) price target raised from $45 to $52.
Analyst, Anthony DiClemente, said, "Below-the-line losses at OWN obscured otherwise strong 1Q results from Discovery. Ad growth was impressive globally, domestic affiliate fees benefited from the recent Amazon (Nasdaq: AMZN) deal, international affiliate fees revealed considerable pay-TV penetration runway, and a $1B increase to the buyback program enhanced the return of capital story. Heading into the upfront, we think Discovery has the best positioned cable network portfolio given its strong ratings momentum."
Barclays raises FY12 EPS Estimate from $2.79 to $2.80 and FY13 from $3.18 to $3.29.
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 $50.80 yesterday.
Analyst, Anthony DiClemente, said, "Below-the-line losses at OWN obscured otherwise strong 1Q results from Discovery. Ad growth was impressive globally, domestic affiliate fees benefited from the recent Amazon (Nasdaq: AMZN) deal, international affiliate fees revealed considerable pay-TV penetration runway, and a $1B increase to the buyback program enhanced the return of capital story. Heading into the upfront, we think Discovery has the best positioned cable network portfolio given its strong ratings momentum."
Barclays raises FY12 EPS Estimate from $2.79 to $2.80 and FY13 from $3.18 to $3.29.
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 $50.80 yesterday.
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