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Discovery Communications, Inc. (DISCK) Sets New 1-Year Low at $23.12

01 August 2017

(NASDAQ:WFM), stock is trading $43.84 above the 52-week high and has displayed a high EPS growth of 9.90% in last 5 years.

News of the acquisition comes as Discovery Communications reported its Q2 financial results, which saw revenues of $1.745 billion, up 2 percent compared to the prior year. It opened the session with a $26.34 price tag, later ranging from $26.12 to $26.87, the range at which the stock has traded at throughout the day.

Discovery will also acquire Scripps' long-term debt of $2.7 billion, bringing the total price of the merger to $14.6 billion.

Discovery Communications, Inc. has a 52 week low of $22.85 and a 52 week high of $29.18. About 8.07M shares traded or 355.93% up from the average. The stock had previously closed at $26.80. Teachers Advisors LLC now owns 467,294 shares of the company's stock worth $12,514,000 after buying an additional 18,077 shares during the last quarter. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Stock has got OUTPERFORM rating from 2 analyst (s) whereas last month 3 analyst (s) have given outperform rating.

In other news, Director Paul A. Gould sold 8,832 shares of the company's stock in a transaction that occurred on Wednesday, May 10th. The disclosure for this sale can be found here.

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Analysts are also projecting an Average Revenue Estimate for Discovery Communications, $1.76 Million in the Current Quarter.

The deal announced Monday had been in the works for a long time. If you are viewing this news story on another website, it was stolen and reposted in violation of United States & worldwide trademark & copyright law. Finally, MKM Partners reaffirmed a "neutral" rating and issued a $73.00 price target (down from $84.00) on shares of Scripps Networks Interactive in a research note on Friday, July 21st. A rating of 4 or 5 would represent a Sell recommendation. TheStreet upgraded shares of Discovery Communications from a "c+" rating to a "b-" rating in a report on Thursday, April 20th.

Discovery Communications Inc. will be using a mixture of cash and stock to fund its purchase of Scripps Networks Interactive, Inc.

Many analysts have provided their estimated foresights on Discovery Communications, Inc. The Company provides content across multiple distribution platforms, including pay-television (pay-TV), free-to-air (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements.

USA stocks are starting the week higher as media companies gain.

Discovery Communications, Inc. (DISCK) Sets New 1-Year Low at $23.12