The Goldman Sachs Group Cuts Grupo Televisa, S.A.B. (NYSE:TV) Price Target to $2.50

Grupo Televisa, S.A.B. (NYSE:TV) had its target price cut by The Goldman Sachs Group from $2.90 to $2.50 in a report published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts also recently commented on the company. JPMorgan Chase & Co. downgraded Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research note on Thursday. StockNews.com upgraded shares of Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. Finally, Benchmark reduced their target price on shares of 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. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.25.

Grupo Televisa, S.A.B. Price Performance

NYSE:TV opened at $2.12 on Friday. 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 simple moving average of $2.31 and a 200 day simple moving average of $2.49. Grupo Televisa, S.A.B. has a 1-year low of $1.69 and a 1-year high of $3.64. The stock has a market capitalization of $1.17 billion, a PE ratio of -2.99, a P/E/G ratio of 0.95 and a beta of 1.88.

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 the consensus estimate 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 for the quarter, compared to analyst estimates of $828.35 million. On average, research analysts expect that Grupo Televisa, S.A.B. will post 0.07 EPS for the current fiscal year.

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

A number of hedge funds and other institutional investors have recently modified their holdings of TV. Gabelli Funds LLC boosted its stake in shares of Grupo Televisa, S.A.B. by 14.9% in the first quarter. Gabelli Funds LLC now owns 7,042,600 shares of the company’s stock valued at $22,536,000 after buying an additional 914,500 shares during the period. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Grupo Televisa, S.A.B. during the 3rd quarter worth $1,463,000. SG Americas Securities LLC increased its position in shares of Grupo Televisa, S.A.B. by 35.7% in the second quarter. SG Americas Securities LLC now owns 28,154 shares of the company’s stock worth $78,000 after purchasing an additional 7,406 shares during the period. Central Pacific Bank Trust Division raised 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 purchasing an additional 5,000 shares in the last quarter. Finally, Ballentine Partners LLC lifted its position in Grupo Televisa, S.A.B. by 23.3% during the second quarter. Ballentine Partners LLC now owns 31,381 shares of the company’s stock worth $87,000 after purchasing an additional 5,939 shares during the period. Institutional investors and hedge funds 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.