Grupo Televisa S.A. (NYSE:TV) Given Consensus Recommendation of “Hold” by Analysts

Shares of Grupo Televisa S.A. (NYSE:TV) have been given a consensus recommendation of “Hold” by the six ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $4.70.

TV has been the subject of several recent analyst reports. UBS Group boosted their target price on Grupo Televisa from $2.40 to $2.50 and gave the stock a “neutral” rating in a research report on Tuesday, July 29th. The Goldman Sachs Group lowered Grupo Televisa from a “buy” rating to a “neutral” rating and set a $2.60 price objective for the company. in a report on Friday, August 8th. JPMorgan Chase & Co. raised shares of Grupo Televisa from a “neutral” rating to an “overweight” rating in a research note on Wednesday, August 27th. Benchmark boosted their price target on shares of Grupo Televisa from $7.00 to $9.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Finally, Zacks Research lowered shares of Grupo Televisa from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th.

Hedge Funds Weigh In On Grupo Televisa

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE boosted its stake in Grupo Televisa by 41.4% in the fourth quarter. Bank of America Corp DE now owns 222,202 shares of the company’s stock worth $373,000 after buying an additional 65,048 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Grupo Televisa in the fourth quarter worth approximately $213,000. Signaturefd LLC boosted its stake in shares of Grupo Televisa by 72.7% in the 1st quarter. Signaturefd LLC now owns 16,085 shares of the company’s stock valued at $28,000 after purchasing an additional 6,770 shares in the last quarter. Pinnacle Associates Ltd. boosted its stake in shares of Grupo Televisa by 38.6% in the 1st quarter. Pinnacle Associates Ltd. now owns 102,275 shares of the company’s stock valued at $179,000 after purchasing an additional 28,500 shares in the last quarter. Finally, XTX Topco Ltd boosted its stake in shares of Grupo Televisa by 264.9% in the 1st quarter. XTX Topco Ltd now owns 43,728 shares of the company’s stock valued at $77,000 after purchasing an additional 31,746 shares in the last quarter. 55.77% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Televisa Price Performance

Shares of NYSE:TV opened at $2.52 on Wednesday. The company has a 50 day moving average of $2.64 and a 200 day moving average of $2.23. The stock has a market cap of $1.39 billion, a P/E ratio of -3.35, a P/E/G ratio of 0.57 and a beta of 1.99. The company has a current ratio of 2.35, a quick ratio of 2.33 and a debt-to-equity ratio of 0.03. Grupo Televisa has a 12 month low of $1.55 and a 12 month high of $2.97.

Grupo Televisa (NYSE:TV) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.06. Grupo Televisa had a negative net margin of 13.56% and a negative return on equity of 6.95%. The firm had revenue of $787.59 million during the quarter, compared to analyst estimates of $14.96 billion. As a group, sell-side analysts forecast that Grupo Televisa will post -0.07 EPS for the current fiscal year.

Grupo Televisa 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.