JPMorgan Chase & Co. Downgrades Grupo Televisa, S.A.B. (NYSE:TV) to Neutral

JPMorgan Chase & Co. downgraded shares of Grupo Televisa, S.A.B. (NYSE:TV) from an overweight rating to a neutral rating in a research report released on Thursday morning, Marketbeat Ratings reports.

A number of other research firms have also weighed in on TV. The Goldman Sachs Group lowered their target price on Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a “buy” rating for the company in a research note on Monday, August 5th. StockNews.com upgraded Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. Finally, Benchmark decreased their target price on shares of Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Grupo Televisa, S.A.B. has a consensus rating of “Moderate Buy” and an average price target of $5.25.

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

Shares of TV opened at $2.12 on Thursday. The firm has a market cap of $1.17 billion, a P/E ratio of -2.99, a P/E/G ratio of 0.95 and a beta of 1.88. Grupo Televisa, S.A.B. has a 1 year low of $1.69 and a 1 year high of $3.64. The stock has a 50 day simple moving average of $2.31 and a two-hundred day simple moving average of $2.49. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 2.41.

Grupo Televisa, S.A.B. (NYSE:TV) last released its earnings results on Thursday, October 24th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.03 by $0.04. The company had revenue of $812.55 million for the quarter, compared to analyst estimates of $828.35 million. Grupo Televisa, S.A.B. had a negative net margin of 10.88% and a negative return on equity of 5.68%. On average, analysts forecast that Grupo Televisa, S.A.B. will post 0.07 earnings per share for the current fiscal year.

Institutional Trading of Grupo Televisa, S.A.B.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC purchased a new stake in Grupo Televisa, S.A.B. in the second quarter worth about $29,000. Central Pacific Bank Trust Division boosted its position 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 purchasing an additional 5,000 shares in the last quarter. Welch Group LLC purchased a new stake in Grupo Televisa, S.A.B. in the second quarter worth $55,000. SG Americas Securities LLC raised its holdings in 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 in the last quarter. Finally, Ballentine Partners LLC lifted its position in Grupo Televisa, S.A.B. by 23.3% during the second quarter. Ballentine Partners LLC now owns 31,381 shares of the company’s stock valued at $87,000 after buying an additional 5,939 shares during the period. Hedge funds and other institutional investors own 55.77% of the company’s stock.

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.