Grupo Televisa, S.A.B. (NYSE:TV) Downgraded to “Neutral” Rating by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of Grupo Televisa, S.A.B. (NYSE:TV) from an overweight rating to a neutral rating in a research note published on Thursday morning, MarketBeat reports.

Other equities analysts have also issued research reports about the company. Benchmark lowered their price objective on Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. The Goldman Sachs Group dropped their price objective on shares of Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a “buy” rating on the stock in a research note on Monday, August 5th. Finally, StockNews.com upgraded shares of Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $5.25.

Grupo Televisa, S.A.B. Trading Down 3.6 %

Shares of TV opened at $2.12 on Thursday. Grupo Televisa, S.A.B. has a 1-year low of $1.69 and a 1-year high of $3.64. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of -2.99, a PEG ratio of 0.98 and a beta of 1.88. The firm’s 50-day moving average price is $2.31 and its 200-day moving average price is $2.49. 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 posted its earnings results on Thursday, October 24th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. The firm had revenue of $812.55 million for the quarter, compared to the consensus estimate of $828.35 million. Grupo Televisa, S.A.B. had a negative return on equity of 5.68% and a negative net margin of 10.88%. Sell-side analysts anticipate that Grupo Televisa, S.A.B. will post 0.07 EPS for the current year.

Hedge Funds Weigh In On Grupo Televisa, S.A.B.

Hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC purchased a new position in Grupo Televisa, S.A.B. in the second quarter worth about $29,000. Central Pacific Bank Trust Division grew its holdings in shares of Grupo Televisa, S.A.B. by 50.0% during the third 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. Welch Group LLC bought a new stake in shares of Grupo Televisa, S.A.B. during the second quarter valued at approximately $55,000. SG Americas Securities LLC raised its holdings 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 worth $78,000 after acquiring an additional 7,406 shares during the last quarter. Finally, Ballentine Partners LLC lifted its position 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 acquiring an additional 5,939 shares in the last quarter. 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.