Grupo Televisa (NYSE:TV) Given New $3.70 Price Target at UBS Group

Grupo Televisa (NYSE:TV) had its target price raised by UBS Group from $2.60 to $3.70 in a research report released on Wednesday,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other equities research analysts have also recently issued reports on TV. JPMorgan Chase & Co. restated a “neutral” rating on shares of Grupo Televisa in a report on Tuesday, March 3rd. Zacks Research upgraded shares of Grupo Televisa from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Benchmark restated a “buy” rating on shares of Grupo Televisa in a report on Friday, January 2nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Grupo Televisa in a report on Monday. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $5.43.

Grupo Televisa Stock Down 3.3%

TV stock opened at $3.10 on Wednesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.12 and a quick ratio of 2.11. Grupo Televisa has a 52-week low of $1.67 and a 52-week high of $3.49. The company has a 50-day moving average of $3.02 and a two-hundred day moving average of $2.92. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of -3.49, a price-to-earnings-growth ratio of 1.02 and a beta of 1.87.

Grupo Televisa (NYSE:TV) last released its quarterly earnings results on Saturday, February 14th. The company reported ($0.80) earnings per share (EPS) for the quarter. Grupo Televisa had a negative net margin of 15.75% and a negative return on equity of 8.56%. The firm had revenue of $807.20 million for the quarter. As a group, equities research analysts anticipate that Grupo Televisa will post 0.09 EPS for the current year.

Institutional Investors Weigh In On Grupo Televisa

Hedge funds have recently made changes to their positions in the stock. Strid Group LLC bought a new stake in shares of Grupo Televisa in the third quarter valued at about $27,000. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Grupo Televisa in the third quarter valued at about $28,000. TD Private Client Wealth LLC lifted its stake in shares of Grupo Televisa by 68.8% in the third quarter. TD Private Client Wealth LLC now owns 10,685 shares of the company’s stock valued at $29,000 after buying an additional 4,355 shares during the period. Evergreen Capital Management LLC bought a new stake in shares of Grupo Televisa in the second quarter valued at about $29,000. Finally, SmartHarvest Portfolios LLC bought a new stake in shares of Grupo Televisa in the first quarter valued at about $30,000. Institutional investors own 55.77% of the company’s stock.

Grupo Televisa Company Profile

Grupo Televisa, SAB. is a leading Mexican multimedia conglomerate headquartered in Mexico City, specializing in the creation, production and distribution of Spanish-language content. The company operates free-to-air television networks, subscription pay-TV services, broadband and telephony under its cable arm, and a range of digital streaming platforms. Grupo Televisa’s portfolio spans news, sports, telenovelas, reality programming and original series, positioning it as one of the largest content producers in the Spanish-speaking world.

Televisa’s broadcast division includes flagship channels such as Las Estrellas and Canal 5, while its pay-TV segment features operations under brands like Sky México and Izzi Telecom.