Discovery Reaches New 52-Week High (DISCK)

NEW YORK ( TheStreet) -- Discovery Communications (Nasdaq: DISCK) hit a new 52-week high Monday as it is currently trading at $76.72, above its previous 52-week high of $76.66 with 61,516 shares traded as of 10:14 a.m. ET. Average volume has been 529,000 shares over the past 30 days.

Discovery has a market cap of $7 billion and is part of the services sector and media industry. Shares are up 29.8% year to date as of the close of trading on Friday.

Discovery Communications, Inc. operates as a non fiction media company worldwide. It operates through three segments: U.S. Networks, International Networks, and Education. The company provides original and purchased content across various distribution platforms.

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TheStreet Ratings rates Discovery as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Discovery Ratings Report.

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