Discovery downgraded by MoffettNathanson with a new price target
$DISCA
Television Services
Consumer Services
MoffettNathanson downgraded Discovery from Buy to Neutral and set a new price target of $37.00 from $51.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/7/2022 | $34.00 → $45.00 | Neutral → Buy | B of A Securities |
| 11/8/2021 | $33.00 → $40.00 | Neutral → Outperform | Macquarie |
| 11/8/2021 | Neutral → Outperform | Macquarie | |
| 11/1/2021 | $28.00 → $26.00 | Underperform → Market Perform | Bernstein |
| 11/1/2021 | Underperform → Mkt Perform | Bernstein | |
| 10/18/2021 | $35.00 → $30.00 | Equal-Weight | Barclays |
| 9/9/2021 | $30.00 | Neutral | Arete Research |
Nearly four years after fighting a hard battle to acquire WarnerMedia and accelerating its foray into the media business, AT&T (NYSE:T) has gone back to its roots to focus on being a telecommunications company. On April 8, AT&T completed the spin-off of 100% of its interest in WarnerMedia, which owns subscription service HBO Max and film production company Warner Bros., and merged it with Discovery Inc. (NASDAQ:DISCA) to form a mega-streaming platform to better take on giants like Netflix (NASDAQ:NFLX), Apple’s (NASDAQ:AAPL) Apple TV, and Disney+ and Hulu by Walt Disney (NYSE:DIS). Foray into media services AT&T completed its $85.4 billion acquisition of WarnerMedia, formerly Time Warner,
https://thestreamable.com/news/report-hbo-max-passes-disney-plus-hulu-in-us-marketshare
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4 - Discovery, Inc. (0001437107) (Issuer)
B of A Securities upgraded Discovery from Neutral to Buy and set a new price target of $45.00 from $34.00 previously
Macquarie upgraded Discovery from Neutral to Outperform and set a new price target of $40.00 from $33.00 previously
Macquarie upgraded Discovery from Neutral to Outperform
Former Senior VP of Corporate Communications at Lions Gate Entertainment to further strengthen corporate governance SAN DIEGO, CA / ACCESSWIRE / February 23, 2021 / KULR Technology Group Inc. (OTCQB:KULR) (the "Company" or "KULR"), a leading developer of next-generation thermal management technologies, today announces that Dr. Joanna D. Massey is joining the Company as an independent director. Dr. Massey brings to KULR decades of experience relevant to the Company's near and long-term growth strategies. "I am pleased to welcome Dr. Massey to the KULR team," stated KULR Chief Executive Officer Michael Mo. "She is deeply experienced in corporate social responsibility, reputation management
Combination of Discovery and WarnerMedia Creates Warner Bros. Discovery, Global Leader in Entertainment and Streaming Warner Bros. Discovery to Begin Trading on the Nasdaq as "WBD" on Monday, April 11 Today Discovery, Inc. and AT&T Inc.* ((T) announced that they have closed their transaction to combine the WarnerMedia business with Discovery. The combination creates a premier standalone global media and entertainment company, Warner Bros. Discovery, Inc., which will begin trading on the Nasdaq with the start of trading on Monday, April 11, under the new ticker symbol "WBD." This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/202204080
AT&T expects to close the transaction in April, second quarter dividend on common stock, payable in May, has been set according to previously announced updated dividend policy Today AT&T Inc.* ((T) announced that it has declared a stock dividend to effect the spin-off of 100% of AT&T's interest in WarnerMedia to AT&T's shareholders. The record date for the stock dividend is the close of business on April 5, 2022. This stock dividend is in connection with the previously announced transaction to combine AT&T's WarnerMedia business with Discovery, Inc. (NASDAQ:DISCA, DISCB, DISCK))). On the closing date of the transaction, anticipated to be in April, AT&T shareholders will receive, on a tax-f
NEW YORK, Feb. 24, 2022 /PRNewswire/ -- Discovery, Inc. ("Discovery" or the "Company") (NASDAQ:DISCA, DISCB, DISCK))) today reported financial results for the quarter and year ended December 31, 2021. David Zaslav, President and Chief Executive Officer of Discovery said, "2021 was by all measures an exceptional year for our company, in which we achieved significant operational, financial, and strategic objectives. We grew our global DTC paying subscribers to 22 million, a tailwind for our strong distribution revenue growth of 11%, while global advertising revenues grew 10% due to continued strength in our key markets and share gains. Additionally, we ended the year with nearly $4 billion of
Combination of Discovery and WarnerMedia Creates Warner Bros. Discovery, Global Leader in Entertainment and Streaming Warner Bros. Discovery to Begin Trading on the Nasdaq as "WBD" on Monday, April 11 Today Discovery, Inc. and AT&T Inc.* ((T) announced that they have closed their transaction to combine the WarnerMedia business with Discovery. The combination creates a premier standalone global media and entertainment company, Warner Bros. Discovery, Inc., which will begin trading on the Nasdaq with the start of trading on Monday, April 11, under the new ticker symbol "WBD." This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/202204080
AT&T expects to close the transaction in April, second quarter dividend on common stock, payable in May, has been set according to previously announced updated dividend policy Today AT&T Inc.* ((T) announced that it has declared a stock dividend to effect the spin-off of 100% of AT&T's interest in WarnerMedia to AT&T's shareholders. The record date for the stock dividend is the close of business on April 5, 2022. This stock dividend is in connection with the previously announced transaction to combine AT&T's WarnerMedia business with Discovery, Inc. (NASDAQ:DISCA, DISCB, DISCK))). On the closing date of the transaction, anticipated to be in April, AT&T shareholders will receive, on a tax-f
Board designees announced in anticipation of the Q2 closing of the Discovery, Inc. and WarnerMedia combination Designees will bring deep media industry expertise, extensive qualifications, and diverse experience Samuel A. Di Piazza to become Board Chair NEW YORK, March 15, 2022 /PRNewswire/ -- Discovery, Inc. (NASDAQ:DISCA, DISCB, DISCK))) today announced the full slate of director designees for the combined company, Warner Bros. Discovery, Inc. ("WBD"). The directors will be elected and begin serving on the WBD Board effective at the closing of the proposed combination of Discovery, Inc. and WarnerMedia, which is expected to occur early in the second quarter of 2022.
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