Grupo Televisa, S.A.B. (NYSE:TV) Given Average Recommendation of “Hold” by Brokerages

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

Several research analysts recently commented on TV shares. JPMorgan Chase & Co. downgraded shares of Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a report on Thursday, November 14th. Benchmark reduced their target price on 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. The Goldman Sachs Group cut their price target 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 note on Friday, November 15th. Finally, StockNews.com lowered shares of Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a report on Thursday, November 28th.

Grupo Televisa, S.A.B. Trading Up 4.2 %

Shares of NYSE TV opened at $1.75 on Friday. Grupo Televisa, S.A.B. has a 12 month low of $1.66 and a 12 month high of $3.65. The business has a fifty day simple moving average of $2.04 and a 200-day simple moving average of $2.21. The company has a market cap of $969.15 million, a price-to-earnings ratio of -2.46, a P/E/G ratio of 0.56 and a beta of 1.81. 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. (NYSE:TV) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.03 by $0.04. Grupo Televisa, S.A.B. had a negative net margin of 10.88% and a negative return on equity of 5.68%. The business had revenue of $812.55 million for the quarter, compared to analysts’ expectations of $828.35 million. Sell-side analysts predict that Grupo Televisa, S.A.B. will post 0.11 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Discovery Capital Management LLC CT lifted its position in shares of Grupo Televisa, S.A.B. by 6.2% during the 2nd quarter. Discovery Capital Management LLC CT now owns 16,944,935 shares of the company’s stock valued at $46,937,000 after acquiring an additional 993,295 shares during the period. Robeco Institutional Asset Management B.V. bought a new position in shares of Grupo Televisa, S.A.B. in the third quarter worth about $1,463,000. BNP Paribas Financial Markets boosted its stake in shares of Grupo Televisa, S.A.B. by 1,005,403.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 271,486 shares of the company’s stock valued at $695,000 after purchasing an additional 271,459 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Grupo Televisa, S.A.B. during the 2nd quarter valued at approximately $532,000. Finally, Thrivent Financial for Lutherans acquired a new position in Grupo Televisa, S.A.B. during the 3rd quarter worth approximately $284,000. Institutional investors own 55.77% of the company’s stock.

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.