Grupo Televisa (NYSE:TV) Rating Increased to Overweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Grupo Televisa (NYSE:TV) from a neutral rating to an overweight rating in a research note released on Wednesday, Marketbeat reports.

A number of other research firms also recently weighed in on TV. UBS Group lifted their price target on shares of Grupo Televisa from $2.40 to $2.50 and gave the company a “neutral” rating in a report on Tuesday, July 29th. Zacks Research downgraded Grupo Televisa from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Benchmark lifted their price target on Grupo Televisa from $7.00 to $9.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. The Goldman Sachs Group cut shares of Grupo Televisa from a “buy” rating to a “neutral” rating and set a $2.60 price target for the company. in a research report on Friday, August 8th. Finally, Wall Street Zen downgraded shares of Grupo Televisa from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $4.70.

Grupo Televisa Stock Up 9.1%

Shares of TV opened at $2.70 on Wednesday. The firm has a 50 day simple moving average of $2.37 and a two-hundred day simple moving average of $2.07. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.35 and a quick ratio of 2.33. Grupo Televisa has a one year low of $1.55 and a one year high of $2.89. The company has a market cap of $1.49 billion, a P/E ratio of -3.59, a P/E/G ratio of 1.55 and a beta of 1.97.

Grupo Televisa (NYSE:TV) last issued its earnings results on Tuesday, July 22nd. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.06. The firm had revenue of $787.59 million for the quarter, compared to the consensus estimate of $14.96 billion. Grupo Televisa had a negative return on equity of 6.95% and a negative net margin of 13.56%. Research analysts forecast that Grupo Televisa will post -0.07 EPS for the current fiscal year.

Institutional Trading of Grupo Televisa

Large investors have recently modified their holdings of the stock. Evergreen Capital Management LLC acquired a new position in shares of Grupo Televisa during the 2nd quarter valued at $29,000. Corient Private Wealth LLC grew its holdings in Grupo Televisa by 2.8% in the second quarter. Corient Private Wealth LLC now owns 237,177 shares of the company’s stock worth $519,000 after purchasing an additional 6,518 shares during the period. Man Group plc bought a new stake in Grupo Televisa in the second quarter valued at $2,291,000. Engineers Gate Manager LP bought a new stake in Grupo Televisa in the second quarter valued at $173,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of Grupo Televisa by 64.2% during the second quarter. BNP Paribas Financial Markets now owns 59,125 shares of the company’s stock valued at $129,000 after purchasing an additional 23,113 shares during the period. Institutional investors and hedge funds own 55.77% of the company’s stock.

About Grupo Televisa

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.