Grupo Televisa, S.A.B. (NYSE:TV) Given New $2.40 Price Target at UBS Group

Grupo Televisa, S.A.B. (NYSE:TV) had its target price cut by UBS Group from $2.50 to $2.40 in a report published on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts also recently weighed in on TV. Benchmark reiterated 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 note on Wednesday, March 5th. The Goldman Sachs Group upped their target price on Grupo Televisa, S.A.B. from $1.80 to $2.20 and gave the stock a “buy” rating in a research note on Wednesday, May 21st. Finally, Wall Street Zen cut shares of Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a report on Friday, May 30th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $3.87.

Grupo Televisa, S.A.B. Stock Up 3.0%

Grupo Televisa, S.A.B. stock opened at $2.25 on Monday. The company has a quick ratio of 2.41, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. The company’s 50-day moving average price is $1.92 and its two-hundred day moving average price is $1.88. Grupo Televisa, S.A.B. has a twelve month low of $1.55 and a twelve month high of $2.90. The stock has a market cap of $1.24 billion, a P/E ratio of -3.08 and a beta of 1.91.

Grupo Televisa, S.A.B. (NYSE:TV) last issued its earnings results on Wednesday, April 30th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $15.33 billion. As a group, analysts expect that Grupo Televisa, S.A.B. will post -0.07 EPS for the current year.

Grupo Televisa, S.A.B. Cuts Dividend

The firm also recently announced an annual dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 30th were given a dividend of $0.0908 per share. This represents a dividend yield of 3.9%. The ex-dividend date was Friday, May 30th. Grupo Televisa, S.A.B.’s dividend payout ratio is currently -10.00%.

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

Large investors have recently modified their holdings of the stock. Acadian Asset Management LLC increased its holdings in Grupo Televisa, S.A.B. by 99.9% during the 1st quarter. Acadian Asset Management LLC now owns 7,688,871 shares of the company’s stock worth $13,440,000 after purchasing an additional 3,842,375 shares during the period. Itau Unibanco Holding S.A. grew its position in Grupo Televisa, S.A.B. by 13,477.4% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,749,042 shares of the company’s stock worth $2,938,000 after purchasing an additional 1,736,160 shares during the last quarter. Gamco Investors INC. ET AL increased its position in shares of Grupo Televisa, S.A.B. by 4.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 17,946,426 shares of the company’s stock valued at $31,406,000 after acquiring an additional 827,363 shares during the period. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Grupo Televisa, S.A.B. in the fourth quarter valued at approximately $939,000. Finally, Gabelli Funds LLC grew its holdings in Grupo Televisa, S.A.B. by 4.3% during the first quarter. Gabelli Funds LLC now owns 7,090,600 shares of the company’s stock worth $12,409,000 after acquiring an additional 294,300 shares during the period. Institutional investors own 55.77% of the company’s stock.

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.