Grupo Televisa, S.A.B. (NYSE:TV) Lowered to “Hold” Rating by StockNews.com

StockNews.com downgraded shares of Grupo Televisa, S.A.B. (NYSE:TV) from a buy rating to a hold rating in a research note published on Thursday.

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

Grupo Televisa, S.A.B. Stock Down 1.0 %

Shares of TV stock opened at $1.94 on Thursday. The company has a current ratio of 2.43, a quick ratio of 2.41 and a debt-to-equity ratio of 0.03. Grupo Televisa, S.A.B. has a 1 year low of $1.69 and a 1 year high of $3.64. The firm’s fifty day moving average price is $2.32 and its two-hundred day moving average price is $2.43. The firm has a market capitalization of $1.07 billion, a P/E ratio of -2.73, a PEG ratio of 1.14 and a beta of 1.88.

Grupo Televisa, S.A.B. (NYSE:TV) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $828.35 million. On average, equities analysts predict that Grupo Televisa, S.A.B. will post 0.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. acquired a new position in Grupo Televisa, S.A.B. in the 3rd quarter valued at about $1,463,000. Central Pacific Bank Trust Division grew its stake in Grupo Televisa, S.A.B. by 50.0% in the 3rd quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company’s stock valued at $38,000 after buying an additional 5,000 shares during the last quarter. SG Americas Securities LLC grew its stake in Grupo Televisa, S.A.B. by 35.7% in the 2nd 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. Ballentine Partners LLC grew its stake in Grupo Televisa, S.A.B. by 23.3% in the 2nd quarter. Ballentine Partners LLC now owns 31,381 shares of the company’s stock valued at $87,000 after buying an additional 5,939 shares during the last quarter. Finally, Banco Santander S.A. acquired a new position in Grupo Televisa, S.A.B. in the 2nd quarter valued at about $449,000. Institutional investors and hedge funds 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.