Grupo Televisa, S.A.B. (NYSE:TV) Stock Rating Lowered by Bank of America

Bank of America cut shares of Grupo Televisa, S.A.B. (NYSE:TV) from a buy rating to a neutral rating in a research note released on Monday morning, MarketBeat reports. Bank of America currently has $3.50 price target on the stock.

Other equities analysts also recently issued reports about the stock. Morgan Stanley reaffirmed an equal weight rating and set a $4.00 price objective (down from $7.00) on shares of Grupo Televisa, S.A.B. in a report on Friday, January 5th. StockNews.com raised shares of Grupo Televisa, S.A.B. from a sell rating to a hold rating in a report on Monday, February 26th. Five investment 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 $5.28.

Grupo Televisa, S.A.B. Stock Performance

NYSE TV opened at $3.16 on Monday. The company’s fifty day moving average is $3.12 and its two-hundred day moving average is $2.96. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of -3.01 and a beta of 1.77. Grupo Televisa, S.A.B. has a 52-week low of $2.10 and a 52-week high of $5.41. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.76 and a quick ratio of 1.73.

Grupo Televisa, S.A.B. (NYSE:TV) last released its quarterly earnings data on Thursday, February 22nd. The company reported ($0.88) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.87). The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. Grupo Televisa, S.A.B. had a negative return on equity of 7.36% and a negative net margin of 13.99%. During the same period in the previous year, the business posted ($1.27) earnings per share. Equities research analysts forecast that Grupo Televisa, S.A.B. will post 0.1 EPS for the current year.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TV. American Century Companies Inc. increased its position in Grupo Televisa, S.A.B. by 9.3% in the 1st quarter. American Century Companies Inc. now owns 158,379 shares of the company’s stock valued at $1,853,000 after acquiring an additional 13,444 shares in the last quarter. Citigroup Inc. acquired a new stake in Grupo Televisa, S.A.B. in the 1st quarter valued at about $111,000. qPULA Trading Management LP acquired a new stake in Grupo Televisa, S.A.B. in the 1st quarter valued at about $119,000. Gamco Investors INC. ET AL increased its position in Grupo Televisa, S.A.B. by 4.9% in the 1st quarter. Gamco Investors INC. ET AL now owns 7,438,203 shares of the company’s stock valued at $87,027,000 after acquiring an additional 344,658 shares in the last quarter. Finally, Gabelli Funds LLC increased its position in Grupo Televisa, S.A.B. by 2.5% in the 1st quarter. Gabelli Funds LLC now owns 4,138,000 shares of the company’s stock valued at $48,415,000 after acquiring an additional 101,800 shares in the last quarter. Institutional investors and hedge funds own 55.77% of the company’s stock.

Grupo Televisa, S.A.B. Company Profile

Grupo Televisa, SAB. operates as a media company in the Spanish-speaking Mexico and internationally. 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 services, as well as sales 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.