Grupo Televisa, S.A.B. (NYSE:TV) Cut to Hold at StockNews.com

Grupo Televisa, S.A.B. (NYSE:TV) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

A number of other equities research analysts have also recently issued reports on TV. The Goldman Sachs Group lowered their target price on shares of Grupo Televisa, S.A.B. from $2.90 to $2.50 and set a “buy” rating on the stock in a report on Friday, November 15th. Benchmark decreased 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 note on Thursday, October 24th. Finally, JPMorgan Chase & Co. lowered Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Grupo Televisa, S.A.B. has an average rating of “Hold” and a consensus target price of $5.25.

Grupo Televisa, S.A.B. Stock Performance

NYSE:TV opened at $2.01 on Thursday. The company has a market capitalization of $1.11 billion, a P/E ratio of -2.82, a P/E/G ratio of 0.73 and a beta of 1.88. The business has a fifty day simple moving average of $2.32 and a two-hundred day simple moving average of $2.43. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 2.41. Grupo Televisa, S.A.B. has a 1 year low of $1.69 and a 1 year high of $3.65.

Grupo Televisa, S.A.B. (NYSE:TV) last issued 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, analysts expect that Grupo Televisa, S.A.B. will post 0.08 earnings per share for the current year.

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

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