Discovery Communications (DISCA) Stock Dips, Downgraded at UBS

Discovery Communications (DISCA) stock was downgraded to 'sell' from 'neutral' at UBS Friday morning.
By Annie Palmer ,

NEW YORK (TheStreet) -- Discovery Communications (DISCA) - Get Report  stock rating was downgraded to "sell" from "neutral" at UBS on Friday morning. 

The firm dropped its price target on shares of the Bethesda, MD-based media company to $24 from $30. 

UBS doesn't expect to see any short-term growth in Discovery stock due to expected cuts in advertising later this year, the Fly reports. 

Additionally, UBS reduced both AMC Networks (AMCX) and CBS (CBS) shares to 'sell' from 'neutral' Friday morning. 

Shares of Discovery Communications slumped 2.18% to $25.14 in afternoon trading Friday. 

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:

We rate DISCOVERY COMMUNICATIONS INC as a Hold with a ratings score of C+. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and generally higher debt management risk.

You can view the full analysis from the report here: DISCA

DISCA

data by

YCharts

Loading ...