Grupo Televisa (NYSE:TV) Given New $10.00 Price Target at Benchmark

Grupo Televisa (NYSE:TV) had its price target boosted by Benchmark from $9.00 to $10.00 in a research note released on Friday, MarketBeat reports. Benchmark currently has a buy rating on the stock.

Other analysts have also issued reports about the company. JPMorgan Chase & Co. raised Grupo Televisa from a “neutral” rating to an “overweight” rating in a report on Wednesday, August 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Grupo Televisa in a research report on Wednesday, October 8th. UBS Group reissued a “buy” rating on shares of Grupo Televisa in a research note on Monday, October 27th. Zacks Research cut shares of 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 shares of Grupo Televisa from a “buy” rating to a “neutral” rating and set a $2.60 price objective on the stock. in a report on Friday, August 8th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $5.07.

Grupo Televisa Stock Performance

Shares of Grupo Televisa stock opened at $2.71 on Friday. The firm has a 50-day simple moving average of $2.65 and a two-hundred day simple moving average of $2.46. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.33 and a current ratio of 2.31. Grupo Televisa has a fifty-two week low of $1.55 and a fifty-two week high of $3.10. The company has a market cap of $1.50 billion, a P/E ratio of -2.68, a price-to-earnings-growth ratio of 3.45 and a beta of 2.02.

Grupo Televisa (NYSE:TV) last posted its earnings results on Friday, October 24th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.22). Grupo Televisa had a negative net margin of 18.27% and a negative return on equity of 9.49%. The business had revenue of $798.55 million for the quarter, compared to analyst estimates of $14.66 billion. As a group, equities analysts predict that Grupo Televisa will post -0.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Grupo Televisa

Several hedge funds and other institutional investors have recently modified their holdings of TV. Strid Group LLC purchased a new stake in Grupo Televisa during the 3rd quarter valued at about $27,000. Vanguard Personalized Indexing Management LLC purchased a new position in Grupo Televisa in the 3rd quarter worth approximately $28,000. TD Private Client Wealth LLC boosted its holdings in shares of Grupo Televisa by 68.8% during the 3rd quarter. TD Private Client Wealth LLC now owns 10,685 shares of the company’s stock worth $29,000 after purchasing an additional 4,355 shares during the last quarter. Evergreen Capital Management LLC purchased a new stake in shares of Grupo Televisa in the second quarter valued at approximately $29,000. Finally, Assetmark Inc. purchased a new stake in shares of Grupo Televisa in the second quarter valued at approximately $34,000. 55.77% of the stock is owned by hedge funds and other 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.