NEW YORK (TheStreet) -- Shares of Discovery Communications Inc. (DISCA) are rising, up 0.83% to $32.80 in pre-market trading Tuesday, after the global nonfiction media and entertainment company was upgraded to "neutral" from "sell" by analysts at Citigroup this morning.
Analysts at the firm said they raised its rating on shares of the Silver Spring, MD-based company for the near term, citing the company's strong growth outlook.
Citigroup analysts also said they believe Discovery Communications has a positive growth trajectory in all markets it operates.
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The company's U.S. networks consist of domestic cable and satellite television networks, websites and other digital media services.
Separately, TheStreet Ratings team rates DISCOVERY COMMUNICATIONS INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate DISCOVERY COMMUNICATIONS INC (DISCA) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow."