NEW YORK (
) hit a new 52-week high Wednesday as it is currently trading at $46.68, above its previous 52-week high of $46.60 with 781,268 shares traded as of 2:05 p.m. ET. Average volume has been 1.5 million shares over the past 30 days.
Discovery has a market cap of $6.17 billion and is part of the
industry. Shares are up 11.6% year to date as of the close of trading on Tuesday.
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 15.9, below the average media industry P/E ratio of 18.2 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Discovery as a
. 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, largely solid financial position with reasonable debt levels by most measures 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
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