Grupo Televisa, S.A.B. (NYSE:TV) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Grupo Televisa, S.A.B. (NYSE:TV) had its price target boosted by analysts at The Goldman Sachs Group from $1.80 to $2.20 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective indicates a potential upside of 7.58% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Benchmark restated a “buy” rating and issued a $7.00 target price (down previously from $8.00) on shares of Grupo Televisa, S.A.B. in a research report on Wednesday, March 5th. Wall Street Zen upgraded shares of Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a research report on Monday, May 12th.

Grupo Televisa, S.A.B. Price Performance

Shares of NYSE:TV opened at $2.05 on Wednesday. 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 fifty-two week low of $1.55 and a fifty-two week high of $3.37. The firm has a 50-day simple moving average of $1.81 and a 200 day simple moving average of $1.90. The company has a market cap of $1.13 billion, a PE ratio of -2.80 and a beta of 1.92.

Grupo Televisa, S.A.B. (NYSE:TV) last posted its earnings results on Wednesday, April 30th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.09. Grupo Televisa, S.A.B. had a negative net margin of 11.69% and a negative return on equity of 5.73%. The firm had revenue of $763.42 million during the quarter, compared to analysts’ expectations of $15.33 billion. On average, sell-side analysts anticipate that Grupo Televisa, S.A.B. will post -0.07 EPS for the current year.

Institutional Trading of Grupo Televisa, S.A.B.

A number of institutional investors have recently made changes to their positions in TV. Acadian Asset Management LLC lifted its stake in shares of Grupo Televisa, S.A.B. by 99.9% in the 1st quarter. Acadian Asset Management LLC now owns 7,688,871 shares of the company’s stock worth $13,440,000 after acquiring an additional 3,842,375 shares during the period. GFS Advisors LLC acquired a new stake in Grupo Televisa, S.A.B. during the fourth quarter valued at approximately $3,600,000. Itau Unibanco Holding S.A. lifted its stake in Grupo Televisa, S.A.B. by 13,477.4% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,749,042 shares of the company’s stock valued at $2,938,000 after purchasing an additional 1,736,160 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Grupo Televisa, S.A.B. by 245.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,976,394 shares of the company’s stock valued at $3,320,000 after purchasing an additional 1,404,933 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its stake in Grupo Televisa, S.A.B. by 4.8% during the first quarter. Gamco Investors INC. ET AL now owns 17,946,426 shares of the company’s stock valued at $31,406,000 after purchasing an additional 827,363 shares during the last quarter. 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.