Grupo Televisa, S.A.B.’s (TV) “Buy” Rating Reiterated at Benchmark

Grupo Televisa, S.A.B. (NYSE:TV)‘s stock had its “buy” rating reiterated by equities researchers at Benchmark in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $7.00 target price on the stock, down from their previous target price of $8.00. Benchmark’s price target points to a potential upside of 256.23% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. The Goldman Sachs Group lowered their price objective on shares of Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a “buy” rating on the stock in a report on Tuesday, January 28th. StockNews.com lowered Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Finally, JPMorgan Chase & Co. downgraded Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research note on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $4.23.

Grupo Televisa, S.A.B. Stock Up 3.4 %

TV traded up $0.07 during midday trading on Wednesday, hitting $1.97. The company had a trading volume of 381,536 shares, compared to its average volume of 2,157,114. 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 stock’s 50 day moving average price is $1.89 and its 200 day moving average price is $2.05. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of -2.69 and a beta of 1.83. Grupo Televisa, S.A.B. has a 52 week low of $1.66 and a 52 week high of $3.47.

Grupo Televisa, S.A.B. (NYSE:TV) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($0.90) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.91). The firm had revenue of $758.58 million during the quarter, compared to the consensus estimate of $15.49 billion. Grupo Televisa, S.A.B. had a negative return on equity of 5.73% and a negative net margin of 11.69%. On average, research analysts anticipate that Grupo Televisa, S.A.B. will post -0.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Grupo Televisa, S.A.B.

Hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its stake in shares of Grupo Televisa, S.A.B. by 1,005,403.7% in the third quarter. BNP Paribas Financial Markets now owns 271,486 shares of the company’s stock valued at $695,000 after buying an additional 271,459 shares during the period. Central Pacific Bank Trust Division boosted its holdings in shares of Grupo Televisa, S.A.B. by 66.7% in 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 during the period. Robeco Institutional Asset Management B.V. bought a new stake in shares of Grupo Televisa, S.A.B. during the 3rd quarter valued at $1,463,000. Thrivent Financial for Lutherans bought a new position in Grupo Televisa, S.A.B. in the 3rd quarter worth about $284,000. Finally, GFS Advisors LLC purchased a new position in Grupo Televisa, S.A.B. during the 4th quarter valued at about $3,600,000. Institutional investors own 55.77% of the company’s stock.

About Grupo Televisa, S.A.B.

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.