Market Overview

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

Share:
Related DISCA
The Oprah Effect: Weight Watchers Pops On 2020 Speculation
Macquarie: Discovery Communications Could Be In Play As A Buyer Or A Seller
Why I Recently Bought Into Discovery Communications (Seeking Alpha)

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
Jan 2018Pivotal ResearchDowngradesBuyHold
Jan 2018MacquarieUpgradesNeutralOutperform
Dec 2017Bank of AmericaUpgradesNeutralBuy

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!