Grupo Televisa, S.A.B.’s (TV) Buy Rating Reiterated at Benchmark

Benchmark reaffirmed their buy rating on shares of Grupo Televisa, S.A.B. (NYSE:TV) in a research note released on Wednesday morning,Benzinga reports. The firm currently has a $7.00 target price on the stock, down from their previous target price of $8.00.

A number of other analysts also recently issued reports on the stock. 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. StockNews.com downgraded shares of Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Finally, The Goldman Sachs Group cut their price target on shares of Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a “buy” rating for the company in a report on Tuesday, January 28th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $4.23.

Grupo Televisa, S.A.B. Stock Up 2.2 %

TV stock opened at $2.09 on Wednesday. The company has a market cap of $1.15 billion, a price-to-earnings ratio of -2.86 and a beta of 1.83. 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. has a 12 month low of $1.66 and a 12 month high of $3.47. The firm has a 50-day moving average of $1.90 and a two-hundred day moving average of $2.05.

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

Hedge Funds Weigh In On Grupo Televisa, S.A.B.

Institutional investors have recently modified their holdings of the business. PEAK6 LLC acquired a new position in shares of Grupo Televisa, S.A.B. during the fourth quarter worth $41,000. Central Pacific Bank Trust Division lifted its position in Grupo Televisa, S.A.B. by 66.7% in the fourth quarter. Central Pacific Bank Trust Division now owns 25,000 shares of the company’s stock valued at $42,000 after acquiring an additional 10,000 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in Grupo Televisa, S.A.B. in the fourth quarter valued at $47,000. Tower Research Capital LLC TRC lifted its position in Grupo Televisa, S.A.B. by 3,312.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 31,053 shares of the company’s stock valued at $52,000 after acquiring an additional 30,143 shares during the last quarter. Finally, Employees Retirement System of Texas purchased a new stake in Grupo Televisa, S.A.B. in the fourth quarter valued at $84,000. Institutional investors and hedge funds 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.