Benchmark Reaffirms Buy Rating for Grupo Televisa, S.A.B. (NYSE:TV)

Benchmark reissued their buy rating on shares of Grupo Televisa, S.A.B. (NYSE:TV) in a research note published on Wednesday morning,Benzinga reports. Benchmark currently has a $7.00 target price on the stock, down from their previous target price of $8.00.

Several other equities analysts have also commented on the stock. StockNews.com lowered shares of Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. JPMorgan Chase & Co. downgraded shares of Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a report on Thursday, November 14th. Finally, The Goldman Sachs Group dropped their price target on Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a “buy” rating for the company in a research report on Tuesday, January 28th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Grupo Televisa, S.A.B. has an average rating of “Hold” and an average target price of $4.23.

Grupo Televisa, S.A.B. Price Performance

NYSE:TV opened at $1.98 on Wednesday. The business’s 50-day moving average is $1.89 and its 200 day moving average is $2.05. Grupo Televisa, S.A.B. has a 12 month low of $1.66 and a 12 month high of $3.47. The company has a market capitalization of $1.09 billion, a P/E ratio of -2.71 and a beta of 1.83. 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. (NYSE:TV) last released its quarterly earnings data on Thursday, February 20th. The company reported ($0.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.91). The firm had revenue of $758.58 million during the quarter, compared to the consensus estimate of $15.49 billion. Grupo Televisa, S.A.B. had a negative return on equity of 5.73% and a negative net margin of 11.69%. On average, equities research analysts forecast that Grupo Televisa, S.A.B. will post -0.07 earnings per share for the current fiscal year.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. bought a new position in Grupo Televisa, S.A.B. during the 3rd quarter valued at about $1,463,000. Oppenheimer & Co. Inc. purchased a new position in shares of Grupo Televisa, S.A.B. during the third quarter valued at approximately $90,000. Thrivent Financial for Lutherans purchased a new position in shares of Grupo Televisa, S.A.B. during the third quarter valued at approximately $284,000. Banco Santander S.A. grew its stake in shares of 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 buying an additional 20,999 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of 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 during the period. Hedge funds and other institutional investors 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.