Grupo Televisa, S.A.B. (NYSE:TV) Earns “Buy” Rating from Benchmark

Grupo Televisa, S.A.B. (NYSE:TV)‘s stock had its “buy” rating reiterated by stock analysts at Benchmark in a note issued to investors on Wednesday,Benzinga reports. They currently have a $7.00 target price on the stock, down from their prior target price of $8.00. Benchmark’s price objective would suggest a potential upside of 243.64% from the company’s current price.

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

Grupo Televisa, S.A.B. Stock Up 2.9 %

TV opened at $2.04 on Wednesday. Grupo Televisa, S.A.B. has a 12 month low of $1.66 and a 12 month high of $3.47. 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 has a market cap of $1.13 billion, a P/E ratio of -2.79 and a beta of 1.83. The stock’s 50 day moving average price is $1.89 and its 200 day moving average price is $2.05.

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

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

Several large investors have recently modified their holdings of TV. Robeco Institutional Asset Management B.V. bought a new stake in shares of Grupo Televisa, S.A.B. during the 3rd quarter worth $1,463,000. Oppenheimer & Co. Inc. bought a new stake in shares of Grupo Televisa, S.A.B. during the 3rd quarter worth $90,000. Thrivent Financial for Lutherans bought a new stake in shares of Grupo Televisa, S.A.B. during the 3rd quarter worth $284,000. Banco Santander S.A. boosted its stake in shares of Grupo Televisa, S.A.B. by 13.0% during the 3rd quarter. Banco Santander S.A. now owns 182,999 shares of the company’s stock worth $468,000 after acquiring an additional 20,999 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Grupo Televisa, S.A.B. by 1,005,403.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 271,486 shares of the company’s stock worth $695,000 after acquiring an additional 271,459 shares in the last quarter. 55.77% of the stock is owned by institutional investors.

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.