Grupo Televisa, S.A.B. (NYSE:TV) Cut to “Neutral” at Bank of America

Bank of America cut shares of Grupo Televisa, S.A.B. (NYSE:TV) from a buy rating to a neutral rating in a research note published on Monday, Marketbeat reports. They currently have $3.50 price target on the stock.

A number of other research analysts also recently issued reports on TV. Morgan Stanley restated an equal weight rating and issued a $4.00 price objective (down previously from $7.00) on shares of Grupo Televisa, S.A.B. in a research note on Friday, January 5th. StockNews.com raised Grupo Televisa, S.A.B. from a sell rating to a hold rating in a report on Monday, February 26th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Grupo Televisa, S.A.B. presently has a consensus rating of Hold and a consensus target price of $5.28.

Grupo Televisa, S.A.B. Trading Down 4.6 %

Shares of TV stock opened at $2.90 on Monday. The company has a market cap of $1.61 billion, a P/E ratio of -2.76 and a beta of 1.77. The stock has a 50 day simple moving average of $3.11 and a two-hundred day simple moving average of $2.96. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.73 and a current ratio of 1.76. Grupo Televisa, S.A.B. has a fifty-two week low of $2.10 and a fifty-two week high of $5.41.

Grupo Televisa, S.A.B. (NYSE:TV) last issued its earnings results on Thursday, February 22nd. The company reported ($0.88) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.87). The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. Grupo Televisa, S.A.B. had a negative return on equity of 7.36% and a negative net margin of 13.99%. During the same quarter in the previous year, the firm posted ($1.27) earnings per share. Research analysts forecast that Grupo Televisa, S.A.B. will post 0.05 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TV. American Century Companies Inc. raised its stake in shares of Grupo Televisa, S.A.B. by 9.3% in the first quarter. American Century Companies Inc. now owns 158,379 shares of the company’s stock worth $1,853,000 after purchasing an additional 13,444 shares during the last quarter. Citigroup Inc. purchased a new position in shares of Grupo Televisa, S.A.B. in the first quarter worth $111,000. qPULA Trading Management LP purchased a new position in shares of Grupo Televisa, S.A.B. in the first quarter worth $119,000. Gamco Investors INC. ET AL raised its stake in shares of Grupo Televisa, S.A.B. by 4.9% in the first quarter. Gamco Investors INC. ET AL now owns 7,438,203 shares of the company’s stock worth $87,027,000 after purchasing an additional 344,658 shares during the last quarter. Finally, Gabelli Funds LLC raised its stake in shares of Grupo Televisa, S.A.B. by 2.5% in the first quarter. Gabelli Funds LLC now owns 4,138,000 shares of the company’s stock worth $48,415,000 after purchasing an additional 101,800 shares during the last quarter. Hedge funds and other institutional investors own 55.77% of the company’s stock.

About Grupo Televisa, S.A.B.

Grupo Televisa, SAB. operates as a media company in the Spanish-speaking Mexico and internationally. 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 services, as well as sales 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.