Market Overview

UPDATE: Pivotal Research Group Raises PT to $57 on Discovery Communications on European Expansion

Share:
Related DISCA
Exploring An Upgrade On Discovery Communications, Questions Remain
Disney Rattles Media Sector On Pullback Of Marvel, 'Star Wars' Offering

Pivotal Research Group reiterated its Hold rating on Discovery Communications (NASDAQ: DISCA) but raised its price target from $55 to $57.

Pivotal Research Group commented, "Discovery Communications announced transactions to expand into Nordic markets and France. … The properties include free-to-air TV businesses in Norway, Sweden, Denmark and Finland. Assets also include a strong radio network business. Margins on the assets are in the low-20s. On our initial take on the transaction, we assume expansion given what we expect will be content and other synergies with the rest of Discovery's operations) with a revenue mix that is heavily skewed towards advertising."

Discovery Communications closed at $60.26 on Friday.

Latest Ratings for DISCA

DateFirmActionFromTo
Sep 2017Credit SuisseUpgradesUnderperformNeutral
Aug 2017PiperJaffrayInitiates Coverage OnNeutral
Aug 2017Pivotal ResearchUpgradesHoldBuy

View More Analyst Ratings for DISCA
View the Latest Analyst Ratings

Posted-In: Pivotal Research GroupAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (DISCA)

View Comments and Join the Discussion!
Loading...
Loading...