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TheStreet Wire

Discovery Stock Hits New 52-Week High (DISCK)

By TheStreet Wire 04/12/12 - 02:25 PM EDT

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NEW YORK (TheStreet) -- Discovery Communications (Nasdaq:DISCK) hit a new 52-week high Thursday as it is currently trading at $48.34, above its previous 52-week high of $48.31 with 154,070 shares traded as of 12:59 p.m. ET. Average volume has been 517,100 shares over the past 30 days.

Discovery has a market cap of $5.13 billion and is part of the services sector and media industry. Shares are up 26.3% year to date as of the close of trading on Wednesday.

Discovery Communications, Inc. operates as a non fiction media and entertainment company worldwide. The company provides original and purchased programming across various distribution platforms. The company has a P/E ratio of 16.7, below 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 solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. 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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