Grupo Televisa, S.A.B. (NYSE:TV) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Grupo Televisa, S.A.B. (NYSE:TV) have been given an average rating of “Moderate Buy” by the four ratings firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $5.67.

Several research firms have recently issued reports on TV. Benchmark reduced their target price on Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating for the company in a report on Thursday, October 24th. StockNews.com lowered Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. The Goldman Sachs Group reduced their price objective on Grupo Televisa, S.A.B. from $2.90 to $2.50 and set a “buy” rating for the company in a report on Friday, November 15th. Finally, JPMorgan Chase & Co. lowered Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a report on Thursday, November 14th.

Grupo Televisa, S.A.B. Stock Performance

TV stock opened at $1.89 on Friday. The firm has a market cap of $1.04 billion, a PE ratio of -2.65, a P/E/G ratio of 0.56 and a beta of 1.82. The company has a quick ratio of 2.41, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average of $1.99 and a 200-day moving average of $2.18. Grupo Televisa, S.A.B. has a 12-month low of $1.66 and a 12-month high of $3.65.

Grupo Televisa, S.A.B. (NYSE:TV) last released its earnings results on Thursday, October 24th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.04. The company had revenue of $812.55 million during the quarter, compared to analyst estimates of $828.35 million. Grupo Televisa, S.A.B. had a negative return on equity of 5.68% and a negative net margin of 10.88%. As a group, sell-side analysts expect that Grupo Televisa, S.A.B. will post 0.11 earnings per share for the current year.

Hedge Funds Weigh In On Grupo Televisa, S.A.B.

Institutional investors and hedge funds have recently bought and sold shares of the company. Central Pacific Bank Trust Division lifted its position in shares of Grupo Televisa, S.A.B. by 66.7% during the fourth quarter. Central Pacific Bank Trust Division now owns 25,000 shares of the company’s stock worth $42,000 after acquiring an additional 10,000 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Grupo Televisa, S.A.B. during the third quarter worth $123,000. Centiva Capital LP lifted its position in shares of Grupo Televisa, S.A.B. by 86.3% during the third quarter. Centiva Capital LP now owns 101,499 shares of the company’s stock worth $260,000 after acquiring an additional 47,014 shares in the last quarter. PEAK6 Investments LLC purchased a new stake in shares of Grupo Televisa, S.A.B. during the third quarter worth $119,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Grupo Televisa, S.A.B. by 1,005,403.7% during the third quarter. BNP Paribas Financial Markets now owns 271,486 shares of the company’s stock worth $695,000 after acquiring an additional 271,459 shares in the last quarter. 55.77% of the stock is owned by institutional investors.

Grupo Televisa, S.A.B. Company Profile

Grupo Televisa, SAB., together with its subsidiaries, owns and operates cable companies and provides direct-to-home satellite pay television system in Mexico and the United States. It operates through three segments: Cable, Sky, and Other Businesses. The Cable segment operates cable multiple system that provides basic and premium television subscription, pay-per-view, installation, Internet subscription, and telephone and mobile services subscription, as well as local and national advertising services; and telecommunication facilities, which offers data and long-distance services solutions to carriers and other telecommunications service providers through its fiber-optic network.