The Goldman Sachs Group Issues Pessimistic Forecast for Grupo Televisa, S.A.B. (NYSE:TV) Stock Price

Grupo Televisa, S.A.B. (NYSE:TV) had its price objective trimmed by The Goldman Sachs Group from $2.90 to $2.50 in a research note released on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

TV has been the topic of a number of other research reports. Benchmark dropped their target price on shares of Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating on the stock in a research 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, StockNews.com raised Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $5.25.

Grupo Televisa, S.A.B. Stock Performance

TV stock opened at $2.12 on Friday. The firm has a market cap of $1.17 billion, a PE ratio of -2.99, a price-to-earnings-growth ratio of 0.95 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. The stock has a 50-day moving average price of $2.31 and a 200-day moving average price of $2.49. Grupo Televisa, S.A.B. has a 1-year low of $1.69 and a 1-year high of $3.64.

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, topping analysts’ consensus estimates of $0.03 by $0.04. The business had revenue of $812.55 million during the quarter, compared to the consensus estimate 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%. As a group, equities research analysts expect that Grupo Televisa, S.A.B. will post 0.07 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TV. Gamco Investors INC. ET AL boosted its holdings in Grupo Televisa, S.A.B. by 25.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 14,618,608 shares of the company’s stock worth $46,780,000 after acquiring an additional 2,984,705 shares during the last quarter. Discovery Capital Management LLC CT boosted its holdings in Grupo Televisa, S.A.B. by 6.2% during the second quarter. Discovery Capital Management LLC CT now owns 16,944,935 shares of the company’s stock worth $46,937,000 after purchasing an additional 993,295 shares during the last quarter. Gabelli Funds LLC boosted its holdings in Grupo Televisa, S.A.B. by 14.9% during the first quarter. Gabelli Funds LLC now owns 7,042,600 shares of the company’s stock worth $22,536,000 after purchasing an additional 914,500 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in Grupo Televisa, S.A.B. in the 3rd quarter worth about $1,463,000. Finally, BNP Paribas Financial Markets increased its stake in 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 buying an additional 271,459 shares during the last quarter. 55.77% of the stock is currently owned by institutional investors and hedge funds.

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.