Grupo Televisa, S.A.B. (NYSE:TV) Receives $5.28 Average Target Price from Brokerages

Shares of Grupo Televisa, S.A.B. (NYSE:TV) have earned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $5.28.

Several research firms have recently issued reports on TV. Benchmark reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Grupo Televisa, S.A.B. in a research note on Thursday, May 16th. Bank of America cut Grupo Televisa, S.A.B. from a “buy” rating to a “neutral” rating and set a $3.50 target price on the stock. in a report on Monday, April 15th.

Grupo Televisa, S.A.B. Stock Performance

Grupo Televisa, S.A.B. stock opened at $2.71 on Friday. The business has a 50 day moving average of $3.01 and a 200-day moving average of $3.06. Grupo Televisa, S.A.B. has a 1 year low of $2.10 and a 1 year high of $5.36. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.59 and a quick ratio of 1.57. The company has a market capitalization of $1.50 billion, a P/E ratio of -3.11, a P/E/G ratio of 8.22 and a beta of 1.88.

Grupo Televisa, S.A.B. (NYSE:TV) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.14. Grupo Televisa, S.A.B. had a negative return on equity of 6.18% and a negative net margin of 11.78%. The company had revenue of $939.92 million during the quarter, compared to the consensus estimate of $1.02 billion. On average, equities research analysts predict that Grupo Televisa, S.A.B. will post 0.01 earnings per share for the current year.

Grupo Televisa, S.A.B. Increases Dividend

The business also recently announced an annual dividend, which was paid on Monday, June 10th. Investors of record on Thursday, May 30th were issued a $0.1056 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This is a boost from Grupo Televisa, S.A.B.’s previous annual dividend of $0.10. This represents a yield of 2.4%. Grupo Televisa, S.A.B.’s dividend payout ratio is presently -10.34%.

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

Institutional investors and hedge funds have recently modified their holdings of the business. Ieq Capital LLC bought a new position in shares of Grupo Televisa, S.A.B. during the 4th quarter worth approximately $37,000. Central Pacific Bank Trust Division bought a new position in shares of Grupo Televisa, S.A.B. during the 1st quarter worth approximately $39,000. Ballentine Partners LLC bought a new position in shares of Grupo Televisa, S.A.B. during the 4th quarter worth approximately $49,000. PNC Financial Services Group Inc. boosted its holdings in shares of Grupo Televisa, S.A.B. by 824.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 14,938 shares of the company’s stock worth $50,000 after buying an additional 13,322 shares in the last quarter. Finally, West Family Investments Inc. bought a new position in shares of Grupo Televisa, S.A.B. during the 4th quarter worth approximately $68,000. 55.77% of the stock is currently owned by institutional investors.

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.