The Goldman Sachs Group Has Lowered Expectations for Grupo Televisa, S.A.B. (NYSE:TV) Stock Price

Grupo Televisa, S.A.B. (NYSE:TV) had its price objective lowered by investment analysts at The Goldman Sachs Group from $2.90 to $2.50 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective points to a potential upside of 17.92% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Benchmark dropped their target price on Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. JPMorgan Chase & Co. lowered shares of Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research report on Thursday. Finally, StockNews.com upgraded shares of Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Grupo Televisa, S.A.B. presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.25.

Grupo Televisa, S.A.B. Stock Down 3.6 %

Grupo Televisa, S.A.B. stock opened at $2.12 on Friday. The company has a 50 day moving average of $2.31 and a 200-day moving average of $2.49. The company has a quick ratio of 2.41, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. Grupo Televisa, S.A.B. has a twelve month low of $1.69 and a twelve month high of $3.64. The stock has a market capitalization of $1.17 billion, a PE ratio of -2.99, a price-to-earnings-growth ratio of 0.98 and a beta of 1.88.

Grupo Televisa, S.A.B. (NYSE:TV) last announced its earnings results on Thursday, October 24th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. Grupo Televisa, S.A.B. had a negative net margin of 10.88% and a negative return on equity of 5.68%. The firm had revenue of $812.55 million during the quarter, compared to analyst estimates of $828.35 million. On average, equities research analysts anticipate that Grupo Televisa, S.A.B. will post 0.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Grupo Televisa, S.A.B.

Several large investors have recently made changes to their positions in TV. Centiva Capital LP raised its position in Grupo Televisa, S.A.B. by 86.3% during the third quarter. Centiva Capital LP now owns 101,499 shares of the company’s stock worth $260,000 after acquiring an additional 47,014 shares in the last quarter. PEAK6 Investments LLC acquired a new position in shares of Grupo Televisa, S.A.B. during the 3rd quarter worth about $119,000. BNP Paribas Financial Markets lifted its stake in Grupo Televisa, S.A.B. by 1,005,403.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 271,486 shares of the company’s stock valued at $695,000 after purchasing an additional 271,459 shares during the last quarter. Banco Santander S.A. lifted its stake in Grupo Televisa, S.A.B. by 13.0% in the 3rd quarter. Banco Santander S.A. now owns 182,999 shares of the company’s stock valued at $468,000 after purchasing an additional 20,999 shares during the last quarter. Finally, Thrivent Financial for Lutherans acquired a new position in Grupo Televisa, S.A.B. during the third quarter worth approximately $284,000. Institutional investors and hedge funds own 55.77% of the company’s stock.

Grupo Televisa, S.A.B. Company Profile

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.