Grupo Televisa, S.A.B. (NYSE:TV) Receives $5.35 Average PT from Brokerages

Grupo Televisa, S.A.B. (NYSE:TV) has been given an average recommendation of “Hold” by the five analysts that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $5.25.

A number of equities analysts have commented on TV shares. 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. StockNews.com upgraded Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. downgraded Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research note on Thursday. Finally, The Goldman Sachs Group decreased their price target on Grupo Televisa, S.A.B. from $2.90 to $2.50 and set a “buy” rating for the company in a research note on Friday.

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

A number of hedge funds have recently modified their holdings of TV. Central Pacific Bank Trust Division increased its position in shares of 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 buying an additional 5,000 shares in the last quarter. Ballentine Partners LLC increased its stake in shares of Grupo Televisa, S.A.B. by 18.0% during the third quarter. Ballentine Partners LLC now owns 37,039 shares of the company’s stock worth $95,000 after purchasing an additional 5,658 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Grupo Televisa, S.A.B. by 35.7% during the 2nd 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 last quarter. XTX Topco Ltd boosted its holdings in Grupo Televisa, S.A.B. by 19.1% in the 2nd quarter. XTX Topco Ltd now owns 60,454 shares of the company’s stock worth $167,000 after buying an additional 9,684 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in Grupo Televisa, S.A.B. during the 2nd quarter worth approximately $29,000. Hedge funds and other institutional investors own 55.77% of the company’s stock.

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

NYSE:TV opened at $2.12 on Thursday. The firm has a 50-day simple moving average of $2.31 and a 200-day simple moving average of $2.49. Grupo Televisa, S.A.B. has a one year low of $1.69 and a one year high of $3.64. The firm has a market cap 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. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.41 and a current ratio of 2.43.

Grupo Televisa, S.A.B. (NYSE:TV) last posted its earnings results 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. The company had revenue of $812.55 million during 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%. Equities analysts anticipate that Grupo Televisa, S.A.B. will post 0.07 EPS for the current fiscal year.

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.