Grupo Televisa, S.A.B. (NYSE:TV) Downgraded by StockNews.com to “Hold”

StockNews.com cut shares of Grupo Televisa, S.A.B. (NYSE:TV) from a buy rating to a hold rating in a research note released on Thursday.

A number of other research analysts also recently commented on the company. The Goldman Sachs Group reduced 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 report on Friday, November 15th. JPMorgan Chase & Co. lowered Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 14th. Finally, Benchmark decreased 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 research report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $5.25.

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

TV opened at $2.01 on Thursday. The firm has a market capitalization of $1.11 billion, a P/E ratio of -2.83, a P/E/G ratio of 0.76 and a beta of 1.88. The firm’s 50 day moving average is $2.31 and its 200-day moving average is $2.41. The company has a quick ratio of 2.41, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. Grupo Televisa, S.A.B. has a 52-week low of $1.69 and a 52-week high of $3.64.

Grupo Televisa, S.A.B. (NYSE:TV) last released its quarterly 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 firm had revenue of $812.55 million for the quarter, compared to the consensus estimate of $828.35 million. Grupo Televisa, S.A.B. had a negative net margin of 10.88% and a negative return on equity of 5.68%. Analysts expect that Grupo Televisa, S.A.B. will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Sanctuary Advisors LLC acquired a new position in shares of Grupo Televisa, S.A.B. in the 2nd quarter valued at about $29,000. Central Pacific Bank Trust Division boosted 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 acquiring an additional 5,000 shares during the period. Welch Group LLC bought a new position in shares of Grupo Televisa, S.A.B. during the second quarter valued at approximately $55,000. 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 period. Finally, Ballentine Partners LLC lifted its holdings in shares of Grupo Televisa, S.A.B. by 23.3% in the 2nd 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 last quarter. 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.