Grupo Televisa, S.A.B. (NYSE:TV – Get Free Report)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $1.71, but opened at $1.79. Grupo Televisa, S.A.B. shares last traded at $1.76, with a volume of 241,470 shares.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on TV. JPMorgan Chase & Co. lowered shares of Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a report on Thursday, November 14th. StockNews.com lowered Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. The Goldman Sachs Group decreased 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 research report on Friday, November 15th. Finally, Benchmark dropped their target price on shares of Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Grupo Televisa, S.A.B. currently has a consensus rating of “Hold” and an average target price of $5.67.
Check Out Our Latest Analysis on Grupo Televisa, S.A.B.
Grupo Televisa, S.A.B. Price Performance
Grupo Televisa, S.A.B. (NYSE:TV – Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. The business had revenue of $812.55 million during the quarter, compared to the consensus estimate 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 forecast that Grupo Televisa, S.A.B. will post 0.11 earnings per share for the current year.
Institutional Investors Weigh In On Grupo Televisa, S.A.B.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC bought a new position in shares of Grupo Televisa, S.A.B. in the second quarter valued at $29,000. Central Pacific Bank Trust Division lifted its stake in Grupo Televisa, S.A.B. by 50.0% in the third quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company’s stock valued at $38,000 after acquiring an additional 5,000 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of Grupo Televisa, S.A.B. in the 3rd quarter valued at about $90,000. Ballentine Partners LLC increased its stake in shares of Grupo Televisa, S.A.B. by 18.0% during the 3rd quarter. Ballentine Partners LLC now owns 37,039 shares of the company’s stock worth $95,000 after purchasing an additional 5,658 shares during the last quarter. Finally, PEAK6 Investments LLC bought a new stake in shares of Grupo Televisa, S.A.B. in the 3rd quarter valued at about $119,000. 55.77% of the stock is currently owned by institutional investors and hedge funds.
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.
Featured Articles
- Five stocks we like better than Grupo Televisa, S.A.B.
- 3 Ways To Invest In Coffee, Other Than Drinking It
- GitLab: AI-Driven DevSecOps Innovation Sets It Apart
- The 3 Best Retail Stocks to Shop for in August
- DigitalOcean’s AI Potential: A Game-Changer for Growth
- What Investors Need to Know About Upcoming IPOs
- Supercharge Your Portfolio With These 3 Key Stocks
Receive News & Ratings for Grupo Televisa S.A.B. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Televisa S.A.B. and related companies with MarketBeat.com's FREE daily email newsletter.