Discovery acquires HGTV parent company in $14.6 billion TV deal

Randall Padilla
August 1, 2017

Discovery Communications, a global media company. SELL rating has been given by 1 analyst (s) and 1 analyst (s) given BUY rating to the stock.

The schedules to the Agreement and Plan of Merger have been omitted from this filing Discovery Communications, Inc.

Following trading activity for Discovery Communications, Inc.(NASDAQ:DISCA), we can see that the stock has moved onto today's list of most actives. Mn Services Vermogensbeheer B.V. now owns 3,915 shares of the company's stock worth $106,000 after buying an additional 215 shares during the last quarter. LS Investment Advisors LLC increased its stake in shares of Discovery Communications by 5.6% in the second quarter. Shares of Scripps Networks Interactive Inc., based in Knoxville, Tennessee, edged up slightly.

Zaslav and Scripps Networks CEO Ken Lowe grew up in the cable business together and have been friends for three decades. (SNI) opened at 87.41 on Tuesday. Scripps Networks Interactive, Inc. The stock has a market capitalization of $10.22 billion, a price-to-earnings ratio of 12.06 and a beta of 1.49. Discovery Communications had a net margin of 17.50% and a return on equity of 23.67%. The business's revenue was up 3.3% compared to the same quarter past year. Analysts forecast EPS of $0.68, down exactly $0.03 or 4.23 % from 2014's $0.71 EPS. The business's revenue was up 4.7% compared to the same quarter past year.

COPYRIGHT VIOLATION NOTICE: This news story was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. More interesting news about Discovery Communications Inc. Pivotal Research reiterated a "hold" rating and issued a $28.00 target price (up previously from $27.00) on shares of Discovery Communications in a research report on Sunday, April 23rd. The average analysts gave this company a mean recommendation of 3.00. Rival Viacom last week bowed out of the bidding process, clearing the way for Discovery, which had previously pursued Scripps in 2013 and early 2014.

The Standard & Poor's 500 index was little changed at 2,472. Hedge funds and other institutional investors own 46.96% of the company's stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Edward W. Scripps sold 300,000 shares of the firm's stock in a transaction dated Friday, May 26th. 2,152,849 shares of the company traded hands.

ATR value of company was 0.61 and Relative Strength Index (RSI) was 50.43. The disclosure for this sale can be found here.

"We've got several months until we even close the transaction before we even think about anything related to [office] locations", the spokeswoman told Bethesda Beat.

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