Grupo Televisa (NYSE:TV) Shares Gap Up on Analyst Upgrade

Grupo Televisa S.A. (NYSE:TV) gapped up before the market opened on Wednesday after JPMorgan Chase & Co. upgraded the stock from a neutral rating to an overweight rating. The stock had previously closed at $2.47, but opened at $2.55. Grupo Televisa shares last traded at $2.65, with a volume of 556,306 shares changing hands.

Other equities analysts also recently issued research reports about the company. Benchmark upped their price objective on Grupo Televisa from $7.00 to $9.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Wall Street Zen downgraded Grupo Televisa from a “buy” rating to a “hold” rating in a research report on Friday, May 30th. UBS Group upped their price objective on Grupo Televisa from $2.40 to $2.50 and gave the company a “neutral” rating in a research 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. Finally, The Goldman Sachs Group downgraded Grupo Televisa from a “buy” rating to a “neutral” rating and set a $2.60 price objective on the stock. in a research report on Friday, August 8th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Grupo Televisa has a consensus rating of “Hold” and an average target price of $4.70.

Hedge Funds Weigh In On Grupo Televisa

Hedge funds and other institutional investors have recently made changes to their positions in the company. Evergreen Capital Management LLC bought a new position in shares of Grupo Televisa during the 2nd quarter worth $29,000. Assetmark Inc. bought a new position in shares of Grupo Televisa during the 2nd quarter worth $34,000. Signaturefd LLC grew its position in shares of Grupo Televisa by 72.7% during the 1st quarter. Signaturefd LLC now owns 16,085 shares of the company’s stock worth $28,000 after buying an additional 6,770 shares in the last quarter. R Squared Ltd lifted its stake in shares of Grupo Televisa by 405.9% during the 1st quarter. R Squared Ltd now owns 21,400 shares of the company’s stock worth $37,000 after purchasing an additional 17,170 shares during the last quarter. Finally, Vident Advisory LLC lifted its stake in shares of Grupo Televisa by 114.8% during the 1st quarter. Vident Advisory LLC now owns 28,762 shares of the company’s stock worth $50,000 after purchasing an additional 15,374 shares during the last quarter. Institutional investors own 55.77% of the company’s stock.

Grupo Televisa Stock Up 9.1%

The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.33 and a current ratio of 2.35. The stock has a market capitalization of $1.49 billion, a PE ratio of -3.59, a PEG ratio of 1.55 and a beta of 1.97. The business has a 50 day moving average of $2.37 and a two-hundred day moving average of $2.07.

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

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.