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Upgrade Alert for Discovery Communications (DISCA)

By Shiri Gupta

Discovery Communications (NASDAQ:DISCA) was upgraded from Underperform to Neutral at Macquarie today. The stock closed yesterday at $26.83 on volume of 7.3 million shares, above average daily volume of 2.8 million.

Discovery Communications Inc. provides non-fiction entertainment. The Company operates a wide range of educational television channels as well as offers consumer and educational products and services, and a diversified portfolio of digital media services.

Potential upside of 18.9% exists for Discovery Communications, based on a current level of $26.83 and analysts' average consensus price target of $31.91. The stock should find initial resistance at its 50-day moving average (MA) of $27.94 and further resistance at its 200-day MA of $28.07.

Over the past year, Discovery Communications has traded in a range of $23.66 to $34.94 and closed yesterday at $26.83, 13% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.5%.

SmarTrend is tracking the current trend status for Discovery Communications and will alert subscribers who have DISCA in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades Discovery Communications

Ticker(s): DISCA