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

Grupo Televisa, S.A.B. (NYSE:TV) has received an average recommendation of “Hold” from the five analysts that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $5.25.

Several brokerages have recently commented on TV. The Goldman Sachs Group reduced their target price on Grupo Televisa, S.A.B. from $2.90 to $2.50 and set a “buy” rating for the company in a report on Friday. Benchmark decreased their target price on shares of Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating for the company in a report on Thursday, October 24th. JPMorgan Chase & Co. lowered shares of Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a report on Thursday, November 14th. Finally, StockNews.com raised shares of Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th.

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

A number of hedge funds have recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL increased its stake in shares of Grupo Televisa, S.A.B. by 25.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 14,618,608 shares of the company’s stock worth $46,780,000 after purchasing an additional 2,984,705 shares during the last quarter. Keeley Teton Advisors LLC raised its holdings in Grupo Televisa, S.A.B. by 41.1% during the first quarter. Keeley Teton Advisors LLC now owns 168,388 shares of the company’s stock valued at $539,000 after buying an additional 49,053 shares in the last quarter. Gabelli Funds LLC lifted its position in shares of Grupo Televisa, S.A.B. by 14.9% in the first quarter. Gabelli Funds LLC now owns 7,042,600 shares of the company’s stock worth $22,536,000 after buying an additional 914,500 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in shares of Grupo Televisa, S.A.B. by 28.6% in the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 366,025 shares of the company’s stock worth $1,171,000 after buying an additional 81,450 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Grupo Televisa, S.A.B. by 35.7% during the 2nd quarter. SG Americas Securities LLC now owns 28,154 shares of the company’s stock valued at $78,000 after acquiring an additional 7,406 shares during the last quarter. Institutional investors and hedge funds own 55.77% of the company’s stock.

Grupo Televisa, S.A.B. Price Performance

Shares of NYSE TV opened at $2.12 on Thursday. The firm has a 50-day moving average of $2.31 and a two-hundred day moving average of $2.48. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of -2.99, a PEG 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 twelve month low of $1.69 and a twelve month high of $3.64.

Grupo Televisa, S.A.B. (NYSE:TV) last issued 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. 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 during the quarter, compared to analysts’ expectations of $828.35 million. As a group, analysts expect that Grupo Televisa, S.A.B. will post 0.07 earnings per share for the current fiscal year.

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.