Grupo Televisa, S.A.B. (NYSE:TV) Downgraded by JPMorgan Chase & Co. to Neutral

JPMorgan Chase & Co. cut shares of Grupo Televisa, S.A.B. (NYSE:TV) from an overweight rating to a neutral rating in a report published on Thursday, MarketBeat Ratings reports.

Several other equities analysts have also recently issued reports on the company. StockNews.com raised Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. Benchmark dropped their price objective 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. Finally, The Goldman Sachs Group decreased their target price on Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a “buy” rating for the company in a research report on Monday, August 5th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.25.

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

NYSE TV opened at $2.12 on Thursday. Grupo Televisa, S.A.B. has a 12 month low of $1.69 and a 12 month high of $3.64. The company has a current ratio of 2.43, a quick ratio of 2.41 and a debt-to-equity ratio of 0.03. The stock’s fifty day moving average price is $2.31 and its 200-day moving average price is $2.49. The stock has a market cap of $1.17 billion, a P/E ratio of -2.99, a P/E/G ratio of 0.95 and a beta of 1.88.

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

Institutional Trading of Grupo Televisa, S.A.B.

A number of hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC purchased a new position in Grupo Televisa, S.A.B. in the second quarter worth about $29,000. Central Pacific Bank Trust Division boosted its holdings in shares of Grupo Televisa, S.A.B. by 50.0% in the third quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company’s stock worth $38,000 after buying an additional 5,000 shares during the last quarter. Welch Group LLC bought a new stake in Grupo Televisa, S.A.B. during the second quarter valued at approximately $55,000. SG Americas Securities LLC increased its holdings in Grupo Televisa, S.A.B. by 35.7% during the second quarter. SG Americas Securities LLC now owns 28,154 shares of the company’s stock valued at $78,000 after buying an additional 7,406 shares during the last quarter. Finally, Ballentine Partners LLC raised its position in Grupo Televisa, S.A.B. by 23.3% in the second quarter. Ballentine Partners LLC now owns 31,381 shares of the company’s stock worth $87,000 after acquiring an additional 5,939 shares during the period. Hedge funds and other institutional investors own 55.77% of the company’s stock.

About Grupo Televisa, S.A.B.

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.