Grupo Televisa, S.A.B. (NYSE:TV) Receives $5.25 Consensus PT from Brokerages

Shares of Grupo Televisa, S.A.B. (NYSE:TV) have received a consensus rating of “Hold” from the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $5.25.

Several research firms have recently weighed in on TV. The Goldman Sachs Group reduced their price objective on Grupo Televisa, S.A.B. from $2.90 to $2.50 and set a “buy” rating for the company in a research report on Friday, November 15th. Benchmark dropped their price objective on shares of Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. StockNews.com cut shares of Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Finally, JPMorgan Chase & Co. lowered Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research note on Thursday, November 14th.

Grupo Televisa, S.A.B. Stock Performance

NYSE:TV opened at $1.94 on Monday. The company’s 50 day moving average is $2.24 and its 200-day moving average is $2.34. The company has a quick ratio of 2.41, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. Grupo Televisa, S.A.B. has a 12 month low of $1.69 and a 12 month high of $3.65. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of -2.73, a P/E/G ratio of 0.75 and a beta of 1.81.

Grupo Televisa, S.A.B. (NYSE:TV) last released its 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 firm had revenue of $812.55 million during the quarter, compared to analyst estimates of $828.35 million. Grupo Televisa, S.A.B. had a negative net margin of 10.88% and a negative return on equity of 5.68%. Equities analysts anticipate that Grupo Televisa, S.A.B. will post 0.08 EPS for the current year.

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

A number of hedge funds have recently modified their holdings of TV. Central Pacific Bank Trust Division raised its stake in Grupo Televisa, S.A.B. by 50.0% during the third quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company’s stock worth $38,000 after acquiring an additional 5,000 shares in the last quarter. Ballentine Partners LLC increased its position in shares of Grupo Televisa, S.A.B. by 18.0% during the 3rd quarter. Ballentine Partners LLC now owns 37,039 shares of the company’s stock worth $95,000 after purchasing an additional 5,658 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Grupo Televisa, S.A.B. by 35.7% during the 2nd quarter. SG Americas Securities LLC now owns 28,154 shares of the company’s stock valued at $78,000 after purchasing an additional 7,406 shares during the last quarter. XTX Topco Ltd boosted its position in Grupo Televisa, S.A.B. by 19.1% in the second quarter. XTX Topco Ltd now owns 60,454 shares of the company’s stock valued at $167,000 after buying an additional 9,684 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Grupo Televisa, S.A.B. in the second quarter valued at about $29,000. 55.77% of the stock is 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.