Discovery Stock Hits New 52-Week High (DISCK)

NEW YORK (TheStreet) -- Discovery Communications (Nasdaq:DISCK) hit a new 52-week high Thursday as it is currently trading at $40.44, above its previous 52-week high of $40.38 with 243,244 shares traded as of 12:37 p.m. ET. Average volume has been 724,500 shares over the past 30 days.

Discovery has a market cap of $5.1 billion and is part of the services sector and media industry. Shares are up 8.4% year to date as of the close of trading on Wednesday.

Discovery Communications, Inc., through its subsidiaries, operates as a media and entertainment company worldwide. It provides original and purchased programming across various distribution platforms with approximately 100 television networks in 35 languages. The company has a P/E ratio of 26, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Discovery as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Discovery Ratings Report.

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