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.
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Source Fool.com