Grupo Televisa, S.A.B. (NYSE:TV) Rating Lowered to “Hold” at StockNews.com

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

TV has been the topic of several other research reports. The Goldman Sachs Group reduced their price target on shares of Grupo Televisa, S.A.B. from $2.90 to $2.50 and set a “buy” rating on the stock in a report on Friday, November 15th. Benchmark reduced their target price on Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. downgraded Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $5.25.

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

Shares of Grupo Televisa, S.A.B. stock opened at $2.01 on Thursday. The company has a 50-day moving average of $2.31 and a two-hundred day moving average of $2.41. Grupo Televisa, S.A.B. has a 12-month low of $1.69 and a 12-month high of $3.64. 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 market cap of $1.11 billion, a PE ratio of -2.83, a price-to-earnings-growth ratio of 0.76 and a beta of 1.88.

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 for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. The business had revenue of $812.55 million for the quarter, compared to analysts’ expectations 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%. On average, research analysts anticipate that Grupo Televisa, S.A.B. will post 0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Grupo Televisa, S.A.B.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Discovery Capital Management LLC CT grew its holdings 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 worth $46,937,000 after purchasing an additional 993,295 shares during the period. Robeco Institutional Asset Management B.V. purchased a new stake in Grupo Televisa, S.A.B. during the third quarter worth approximately $1,463,000. BNP Paribas Financial Markets increased its position in shares of Grupo Televisa, S.A.B. by 1,005,403.7% in the third quarter. BNP Paribas Financial Markets now owns 271,486 shares of the company’s stock worth $695,000 after acquiring an additional 271,459 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of Grupo Televisa, S.A.B. in the 2nd quarter valued at $532,000. Finally, Banco Santander S.A. acquired a new position in shares of Grupo Televisa, S.A.B. during the 2nd quarter valued at $449,000. 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.