Why Discovery Communications Stock Climbed 22% in November
Shares of Discovery Communications (NASDAQ: DISCA) (NASDAQ: DISCK) gained 22.2% in value last month, according to data provided by S&P Global Market Intelligence.
Discovery delivered better-than-expected earnings results in early November, with improvement in the international segment. Moreover, the company is seeing a significant boost in its free cash flow, following the Scripps acquisition last year. Plus, the company's debt leverage ratio is coming down, and management continues to return cash to shareholders.
Image source: Getty Images.
Source Fool.com
