Grupo Televisa (NYSE:TV) Price Target Raised to $3.70

Grupo Televisa (NYSE:TV) had its price objective upped by stock analysts at UBS Group from $2.60 to $3.70 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price objective would indicate a potential upside of 19.24% from the company’s current price.

A number of other analysts have also recently commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Grupo Televisa in a research note on Monday. Benchmark reiterated a “buy” rating on shares of Grupo Televisa in a research note on Friday, January 2nd. Zacks Research upgraded shares of Grupo Televisa from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of Grupo Televisa in a research note on Tuesday, March 3rd. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $5.43.

Grupo Televisa Stock Down 3.3%

Grupo Televisa stock traded down $0.11 during mid-day trading on Wednesday, reaching $3.10. The company’s stock had a trading volume of 1,033,779 shares, compared to its average volume of 1,274,834. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of -3.49, a price-to-earnings-growth ratio of 1.06 and a beta of 1.87. Grupo Televisa has a 12 month low of $1.67 and a 12 month high of $3.49. The business’s 50 day simple moving average is $3.03 and its 200 day simple moving average is $2.92. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.11 and a current ratio of 2.12.

Grupo Televisa (NYSE:TV) last announced its quarterly earnings results on Saturday, February 14th. The company reported ($0.80) EPS for the quarter. The firm had revenue of $807.20 million during the quarter. Grupo Televisa had a negative net margin of 15.75% and a negative return on equity of 8.56%. As a group, research analysts anticipate that Grupo Televisa will post 0.09 earnings per share for the current year.

Institutional Trading of Grupo Televisa

Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in Grupo Televisa by 6.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 22,426,972 shares of the company’s stock worth $60,329,000 after purchasing an additional 1,367,578 shares in the last quarter. Gabelli Funds LLC raised its holdings in Grupo Televisa by 5.9% in the 3rd quarter. Gabelli Funds LLC now owns 6,999,100 shares of the company’s stock valued at $18,828,000 after acquiring an additional 388,500 shares in the last quarter. Barometer Capital Management Inc. lifted its position in shares of Grupo Televisa by 192.3% during the 3rd quarter. Barometer Capital Management Inc. now owns 320,400 shares of the company’s stock valued at $862,000 after acquiring an additional 210,800 shares during the period. Mirabella Financial Services LLP bought a new stake in shares of Grupo Televisa during the 3rd quarter valued at $467,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Grupo Televisa by 44.2% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 873,351 shares of the company’s stock valued at $2,349,000 after acquiring an additional 267,632 shares during the period. Institutional investors and hedge funds own 55.77% of the company’s stock.

About Grupo Televisa

Grupo Televisa, SAB. is a leading Mexican multimedia conglomerate headquartered in Mexico City, specializing in the creation, production and distribution of Spanish-language content. The company operates free-to-air television networks, subscription pay-TV services, broadband and telephony under its cable arm, and a range of digital streaming platforms. Grupo Televisa’s portfolio spans news, sports, telenovelas, reality programming and original series, positioning it as one of the largest content producers in the Spanish-speaking world.

Televisa’s broadcast division includes flagship channels such as Las Estrellas and Canal 5, while its pay-TV segment features operations under brands like Sky México and Izzi Telecom.