Grupo Televisa S.A. (NYSE:TV) Receives $4.70 Consensus Price Target from Brokerages

Shares of Grupo Televisa S.A. (NYSE:TV) have been assigned an average rating of “Hold” from the five research firms that are currently covering the stock, MarketBeat.com reports. Three investment 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 analysts that have issued a report on the stock in the last year is $4.70.

Several brokerages have recently issued reports on TV. JPMorgan Chase & Co. upgraded shares of Grupo Televisa from a “neutral” rating to an “overweight” rating in a research report on Wednesday, August 27th. Benchmark increased their price objective on shares of Grupo Televisa from $7.00 to $9.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. UBS Group increased their price objective on shares of Grupo Televisa from $2.40 to $2.50 and gave the stock a “neutral” rating in a research report on Tuesday, July 29th. Zacks Research lowered shares of Grupo Televisa from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Finally, Wall Street Zen lowered shares of Grupo Televisa from a “buy” rating to a “hold” rating in a research report on Friday, May 30th.

Grupo Televisa Stock Down 0.7%

TV opened at $2.86 on Friday. The firm has a 50-day simple moving average of $2.50 and a two-hundred day simple moving average of $2.14. Grupo Televisa has a 52 week low of $1.55 and a 52 week high of $2.97. The company has a market capitalization of $1.58 billion, a PE ratio of -3.81, a price-to-earnings-growth ratio of 3.01 and a beta of 1.97. The company has a quick ratio of 2.33, a current ratio of 2.35 and a debt-to-equity ratio of 0.03.

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

Hedge Funds Weigh In On Grupo Televisa

A number of hedge funds have recently added to or reduced their stakes in TV. JPMorgan Chase & Co. grew its stake in Grupo Televisa by 52.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 21,059,394 shares of the company’s stock worth $46,120,000 after acquiring an additional 7,204,072 shares in the last quarter. Acadian Asset Management LLC grew its stake in Grupo Televisa 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 in the last quarter. GFS Advisors LLC bought a new position in Grupo Televisa in the 2nd quarter worth about $4,692,000. ABC Arbitrage SA bought a new position in Grupo Televisa in the 2nd quarter worth about $2,321,000. Finally, Man Group plc bought a new position in Grupo Televisa in the 2nd quarter worth about $2,291,000. 55.77% of the stock is currently owned by institutional investors.

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.