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

StockNews.com cut shares of Grupo Televisa, S.A.B. (NYSE:TV) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

TV has been the subject of a number of other reports. Benchmark lowered their price target 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. JPMorgan Chase & Co. downgraded Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research note on Thursday, November 14th. Finally, The Goldman Sachs Group cut their price target on Grupo Televisa, S.A.B. from $2.90 to $2.50 and set a “buy” rating on the stock in a research note on Friday, November 15th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $5.25.

Grupo Televisa, S.A.B. Stock Performance

Grupo Televisa, S.A.B. stock opened at $2.07 on Wednesday. The stock has a fifty day moving average price of $2.32 and a 200 day moving average price of $2.47. Grupo Televisa, S.A.B. has a 52 week low of $1.69 and a 52 week high of $3.64. The firm has a market capitalization of $1.15 billion, a P/E ratio of -2.92, a PEG ratio of 1.11 and a beta of 1.88. The company has a current ratio of 2.43, a quick ratio of 2.41 and a debt-to-equity ratio of 0.03.

Grupo Televisa, S.A.B. (NYSE:TV) last issued its earnings results on Thursday, October 24th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. Grupo Televisa, S.A.B. had a negative return on equity of 5.68% and a negative net margin of 10.88%. The firm had revenue of $812.55 million for the quarter, compared to analysts’ expectations of $828.35 million. Equities research analysts anticipate that Grupo Televisa, S.A.B. will post 0.06 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Central Pacific Bank Trust Division boosted its position in shares of Grupo Televisa, S.A.B. by 50.0% during the third quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company’s stock worth $38,000 after buying an additional 5,000 shares during the period. Ballentine Partners LLC raised its stake 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 valued at $95,000 after acquiring an additional 5,658 shares in the last quarter. SG Americas Securities LLC boosted its position in 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 acquiring an additional 7,406 shares during the period. XTX Topco Ltd grew its stake in shares of Grupo Televisa, S.A.B. by 19.1% in the second quarter. XTX Topco Ltd now owns 60,454 shares of the company’s stock worth $167,000 after purchasing an additional 9,684 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of Grupo Televisa, S.A.B. during the second quarter valued at $29,000. Institutional investors and hedge funds 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.