Grupo Televisa, S.A.B. (NYSE:TV) Given Consensus Rating of “Moderate Buy” by Brokerages

Grupo Televisa, S.A.B. (NYSE:TV – Get Rating) has received an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $11.08.

TV has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their price objective on Grupo Televisa, S.A.B. from $10.00 to $8.50 and set an “overweight” rating for the company in a research note on Thursday, November 3rd. StockNews.com downgraded Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a report on Friday, October 28th. Credit Suisse Group upgraded Grupo Televisa, S.A.B. from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 30th. Finally, Bank of America downgraded Grupo Televisa, S.A.B. from a “buy” rating to a “neutral” rating and set a $6.50 price target on the stock. in a report on Tuesday, November 29th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Northern Trust Corp increased its holdings in shares of Grupo Televisa, S.A.B. by 0.4% in the 1st quarter. Northern Trust Corp now owns 307,546 shares of the company’s stock valued at $3,599,000 after acquiring an additional 1,312 shares during the period. US Bancorp DE increased its holdings in shares of Grupo Televisa, S.A.B. by 71.1% in the 2nd quarter. US Bancorp DE now owns 4,647 shares of the company’s stock valued at $38,000 after acquiring an additional 1,931 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Grupo Televisa, S.A.B. by 10.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 22,798 shares of the company’s stock valued at $186,000 after acquiring an additional 2,087 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Grupo Televisa, S.A.B. by 18.2% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,276 shares of the company’s stock valued at $149,000 after acquiring an additional 2,814 shares during the period. Finally, Quantbot Technologies LP purchased a new position in shares of Grupo Televisa, S.A.B. in the 2nd quarter valued at $25,000. 56.61% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Televisa, S.A.B. Price Performance

NYSE:TV opened at $5.72 on Friday. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 1.10, a PEG ratio of 6.53 and a beta of 1.33. Grupo Televisa, S.A.B. has a 1 year low of $4.47 and a 1 year high of $11.90. The business has a 50 day simple moving average of $5.14 and a 200-day simple moving average of $6.01. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.36 and a quick ratio of 2.31.

Grupo Televisa, S.A.B. (NYSE:TV – Get Rating) last posted its quarterly earnings data on Friday, October 28th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.02). The company had revenue of $951.77 million during the quarter, compared to the consensus estimate of $912.35 million. Grupo Televisa, S.A.B. had a net margin of 70.08% and a return on equity of 3.12%. Equities analysts forecast that Grupo Televisa, S.A.B. will post 0.32 EPS for the current year.

About Grupo Televisa, S.A.B.

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Grupo Televisa SAB engages in the provision of media products and services. It operates through the following segments: Content, Sky, Cable, and Other Businesses. The Content segment includes advertising, network subscription revenue and licensing and syndication. The Sky segment includes direct-to-home satellite television system.