Grupo Televisa, S.A.B. (NYSE:TV) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Grupo Televisa, S.A.B. (NYSE:TV) from a hold rating to a buy rating in a report published on Monday morning.

Other research analysts have also issued reports about the stock. Benchmark reissued a “buy” rating and set a $7.00 target price (down from $8.00) on shares of Grupo Televisa, S.A.B. in a research note on Wednesday, March 5th. The Goldman Sachs Group reduced their target price on shares of Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a “buy” rating for the company in a research note on Tuesday, January 28th.

Grupo Televisa, S.A.B. Trading Up 7.9%

NYSE TV opened at $1.99 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.41 and a current ratio of 2.43. The company has a 50-day simple moving average of $1.79 and a 200-day simple moving average of $1.91. The firm has a market capitalization of $1.10 billion, a PE ratio of -2.72 and a beta of 1.92. Grupo Televisa, S.A.B. has a one year low of $1.55 and a one year high of $3.43.

Grupo Televisa, S.A.B. (NYSE:TV) last posted its earnings results on Wednesday, April 30th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. The firm had revenue of $763.42 million during the quarter, compared to analyst estimates of $15.33 billion. Grupo Televisa, S.A.B. had a negative net margin of 11.69% and a negative return on equity of 5.73%. On average, equities analysts forecast that Grupo Televisa, S.A.B. will post -0.07 earnings per share for the current year.

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

A number of institutional investors have recently made changes to their positions in the stock. GABELLI & Co INVESTMENT ADVISERS INC. lifted its stake in shares of Grupo Televisa, S.A.B. by 2.8% in the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 395,950 shares of the company’s stock worth $693,000 after acquiring an additional 10,875 shares during the period. Gamco Investors INC. ET AL lifted its stake in shares of Grupo Televisa, S.A.B. by 4.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 17,946,426 shares of the company’s stock worth $31,406,000 after acquiring an additional 827,363 shares during the period. Gabelli Funds LLC lifted its stake in shares of Grupo Televisa, S.A.B. by 4.3% in the 1st quarter. Gabelli Funds LLC now owns 7,090,600 shares of the company’s stock worth $12,409,000 after acquiring an additional 294,300 shares during the period. Keeley Teton Advisors LLC lifted its stake in shares of Grupo Televisa, S.A.B. by 36.4% in the 1st quarter. Keeley Teton Advisors LLC now owns 198,210 shares of the company’s stock worth $347,000 after acquiring an additional 52,884 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Grupo Televisa, S.A.B. by 29.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 204,898 shares of the company’s stock worth $359,000 after acquiring an additional 46,226 shares during the period. 55.77% of the stock is owned by institutional investors and hedge funds.

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.