StockNews.com Downgrades Grupo Televisa, S.A.B. (NYSE:TV) to Hold

Grupo Televisa, S.A.B. (NYSE:TV) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

TV has been the subject of several other reports. The Goldman Sachs Group dropped their target price on shares of 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. Benchmark lowered their price objective on shares of Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. downgraded Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $5.25.

Grupo Televisa, S.A.B. Price Performance

Grupo Televisa, S.A.B. stock opened at $2.01 on Thursday. The firm has a market cap of $1.11 billion, a PE ratio of -2.82, a price-to-earnings-growth ratio of 0.73 and a beta of 1.88. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 2.41. The stock’s fifty day moving average price is $2.32 and its two-hundred day moving average price is $2.43. Grupo Televisa, S.A.B. has a one year low of $1.69 and a one year 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, topping the consensus estimate of $0.03 by $0.04. The company had revenue of $812.55 million for 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, research analysts expect that Grupo Televisa, S.A.B. will post 0.08 EPS for the current fiscal year.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Central Pacific Bank Trust Division grew its holdings in Grupo Televisa, S.A.B. by 50.0% during the 3rd quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company’s stock worth $38,000 after acquiring an additional 5,000 shares during the last quarter. Ballentine Partners LLC grew its holdings in 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 acquiring an additional 5,658 shares during the period. SG Americas Securities LLC raised its position in shares of 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 worth $78,000 after acquiring an additional 7,406 shares in the last quarter. XTX Topco Ltd boosted its position in shares of Grupo Televisa, S.A.B. by 19.1% during the 2nd quarter. XTX Topco Ltd now owns 60,454 shares of the company’s stock valued at $167,000 after purchasing an additional 9,684 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of Grupo Televisa, S.A.B. in the 2nd quarter valued at $29,000. Institutional investors own 55.77% of the company’s stock.

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.