Grupo Televisa, S.A.B. (NYSE:TV) Price Target Cut to $2.50 by Analysts at The Goldman Sachs Group

Grupo Televisa, S.A.B. (NYSE:TV) had its target price decreased by The Goldman Sachs Group from $2.90 to $2.50 in a research note released on Friday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

A number of other research firms also recently weighed in on TV. JPMorgan Chase & Co. downgraded Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 14th. Benchmark reduced their price objective on Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Finally, StockNews.com upgraded Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $5.25.

Grupo Televisa, S.A.B. Price Performance

TV stock opened at $2.12 on Friday. The company’s 50 day moving average is $2.31 and its 200 day moving average is $2.48. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of -2.99, a price-to-earnings-growth ratio of 0.95 and a beta of 1.88. 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.

Grupo Televisa, S.A.B. (NYSE:TV) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates 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. Sell-side analysts predict that Grupo Televisa, S.A.B. will post 0.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Central Pacific Bank Trust Division boosted its holdings in Grupo Televisa, S.A.B. by 50.0% during the 3rd quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company’s stock valued at $38,000 after acquiring an additional 5,000 shares during the period. Ballentine Partners LLC boosted its stake in shares of Grupo Televisa, S.A.B. by 18.0% during the third quarter. Ballentine Partners LLC now owns 37,039 shares of the company’s stock valued at $95,000 after purchasing an additional 5,658 shares during the period. SG Americas Securities LLC grew its holdings in shares of Grupo Televisa, S.A.B. by 35.7% in the second quarter. SG Americas Securities LLC now owns 28,154 shares of the company’s stock worth $78,000 after purchasing an additional 7,406 shares during the last quarter. XTX Topco Ltd increased its stake in shares of Grupo Televisa, S.A.B. by 19.1% in the second quarter. XTX Topco Ltd now owns 60,454 shares of the company’s stock worth $167,000 after buying an additional 9,684 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in Grupo Televisa, S.A.B. during the 2nd quarter valued at $29,000. 55.77% of the stock is owned by institutional investors.

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.