JPMorgan Chase & Co. Downgrades Grupo Televisa, S.A.B. (NYSE:TV) to Neutral

Grupo Televisa, S.A.B. (NYSE:TV) was downgraded by stock analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research note issued to investors on Thursday, Marketbeat Ratings reports.

TV has been the topic of several other research reports. StockNews.com upgraded Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. Benchmark lowered their price objective on Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group decreased their target price on Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a “buy” rating on the stock in a research report on Monday, August 5th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.25.

Grupo Televisa, S.A.B. Stock Down 3.6 %

Shares of TV opened at $2.12 on Thursday. The firm has a market capitalization of $1.17 billion, a P/E ratio of -2.99, a P/E/G ratio of 0.98 and a beta of 1.88. Grupo Televisa, S.A.B. has a 12-month low of $1.69 and a 12-month high of $3.64. The company has a current ratio of 2.43, a quick ratio of 2.41 and a debt-to-equity ratio of 0.03. The firm has a fifty day moving average price of $2.31 and a 200-day moving average price of $2.50.

Grupo Televisa, S.A.B. (NYSE:TV) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. Grupo Televisa, S.A.B. had a negative net margin of 10.88% and a negative return on equity of 5.68%. The company had revenue of $812.55 million during the quarter, compared to analyst estimates of $828.35 million. Equities research analysts expect that Grupo Televisa, S.A.B. will post 0.07 earnings per share for the current year.

Institutional Trading of Grupo Televisa, S.A.B.

Hedge funds and other institutional investors have recently modified their holdings of the business. Sanctuary Advisors LLC acquired a new stake in shares of Grupo Televisa, S.A.B. during the 2nd quarter worth about $29,000. Central Pacific Bank Trust Division grew its position in Grupo Televisa, S.A.B. by 50.0% in the 3rd 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 in the last quarter. Welch Group LLC acquired a new position in Grupo Televisa, S.A.B. in the 2nd quarter valued at about $55,000. SG Americas Securities LLC grew its position in Grupo Televisa, S.A.B. by 35.7% in the 2nd quarter. SG Americas Securities LLC now owns 28,154 shares of the company’s stock valued at $78,000 after acquiring an additional 7,406 shares in the last quarter. Finally, Ballentine Partners LLC grew its position in Grupo Televisa, S.A.B. by 23.3% in the 2nd quarter. Ballentine Partners LLC now owns 31,381 shares of the company’s stock valued at $87,000 after acquiring an additional 5,939 shares in the last quarter. 55.77% of the stock is 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.