Grupo Televisa, S.A.B. (NYSE:TV) Earns “Buy” Rating from Benchmark

Grupo Televisa, S.A.B. (NYSE:TV)‘s stock had its “buy” rating restated by stock analysts at Benchmark in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $7.00 price target on the stock, down from their previous price target of $8.00. Benchmark’s price objective suggests a potential upside of 243.64% from the company’s current price.

A number of other research firms have also recently issued reports on TV. StockNews.com cut Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. The Goldman Sachs Group reduced their price objective on Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a “buy” rating for the company in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. cut Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Grupo Televisa, S.A.B. has an average rating of “Hold” and an average target price of $4.23.

Grupo Televisa, S.A.B. Stock Performance

Shares of Grupo Televisa, S.A.B. stock opened at $2.04 on Wednesday. The stock has a market cap of $1.13 billion, a PE ratio of -2.79 and a beta of 1.83. The business has a fifty day simple moving average of $1.89 and a 200-day simple moving average of $2.05. The company has a quick ratio of 2.41, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. Grupo Televisa, S.A.B. has a 12 month low of $1.66 and a 12 month high of $3.47.

Grupo Televisa, S.A.B. (NYSE:TV) last issued its earnings results on Thursday, February 20th. The company reported ($0.90) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.91). The business had revenue of $758.58 million during the quarter, compared to analyst estimates of $15.49 billion. Grupo Televisa, S.A.B. had a negative return on equity of 5.73% and a negative net margin of 11.69%. On average, sell-side analysts anticipate that Grupo Televisa, S.A.B. will post -0.07 EPS for the current fiscal year.

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

Institutional investors have recently bought and sold shares of the stock. PEAK6 LLC bought a new position in Grupo Televisa, S.A.B. during the fourth quarter valued at about $41,000. Central Pacific Bank Trust Division raised its holdings in Grupo Televisa, S.A.B. by 66.7% during the fourth quarter. Central Pacific Bank Trust Division now owns 25,000 shares of the company’s stock valued at $42,000 after buying an additional 10,000 shares in the last quarter. Russell Investments Group Ltd. bought a new position in Grupo Televisa, S.A.B. during the fourth quarter valued at about $47,000. Tower Research Capital LLC TRC raised its holdings in Grupo Televisa, S.A.B. by 3,312.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 31,053 shares of the company’s stock valued at $52,000 after buying an additional 30,143 shares in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new position in Grupo Televisa, S.A.B. during the third quarter valued at about $90,000. 55.77% of the stock is currently owned by institutional investors.

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.