Grupo Televisa, S.A.B. (NYSE:TV) Price Target Lowered to $2.90 at The Goldman Sachs Group

Grupo Televisa, S.A.B. (NYSE:TV) had its price objective reduced by The Goldman Sachs Group from $3.30 to $2.90 in a research report sent to investors on Monday, Benzinga reports. They currently have a buy rating on the stock.

TV has been the subject of a number of other reports. Bank of America cut shares of Grupo Televisa, S.A.B. from a buy rating to a neutral rating and set a $3.50 price target for the company. in a report on Monday, April 15th. Benchmark reissued a buy rating and set a $12.00 price objective on shares of Grupo Televisa, S.A.B. in a research report on Thursday, May 16th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $5.16.

Grupo Televisa, S.A.B. Price Performance

Grupo Televisa, S.A.B. stock opened at $2.08 on Monday. The stock’s 50 day moving average price is $2.58 and its two-hundred day moving average price is $2.93. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of -2.39, a PEG ratio of 1.32 and a beta of 1.88. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.28 and a current ratio of 2.31. Grupo Televisa, S.A.B. has a 52-week low of $1.88 and a 52-week high of $5.04.

Grupo Televisa, S.A.B. Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Monday, June 10th. Stockholders of record on Thursday, May 30th were issued a dividend of $0.1056 per share. This is a boost from Grupo Televisa, S.A.B.’s previous annual dividend of $0.10. This represents a dividend yield of 2.4%. The ex-dividend date was Thursday, May 30th. Grupo Televisa, S.A.B.’s dividend payout ratio (DPR) is currently -10.34%.

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

Several large investors have recently added to or reduced their stakes in TV. Gabelli Funds LLC boosted its holdings in Grupo Televisa, S.A.B. by 14.9% during the 1st quarter. Gabelli Funds LLC now owns 7,042,600 shares of the company’s stock worth $22,536,000 after acquiring an additional 914,500 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Grupo Televisa, S.A.B. by 824.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 14,938 shares of the company’s stock worth $50,000 after purchasing an additional 13,322 shares during the last quarter. Jump Financial LLC grew its position in Grupo Televisa, S.A.B. by 223.8% in the 4th quarter. Jump Financial LLC now owns 216,924 shares of the company’s stock worth $725,000 after purchasing an additional 149,923 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in Grupo Televisa, S.A.B. by 47.9% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 284,575 shares of the company’s stock valued at $950,000 after buying an additional 92,150 shares during the last quarter. Finally, Central Pacific Bank Trust Division purchased a new stake in Grupo Televisa, S.A.B. in the 1st quarter valued at about $39,000. Institutional investors own 55.77% of the company’s stock.

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.