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

Grupo Televisa S.A. (NYSE:TV) has received an average rating of “Hold” from the six brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $4.70.

TV has been the topic of several research reports. Benchmark upped their price objective on shares of Grupo Televisa from $7.00 to $9.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. raised Grupo Televisa from a “neutral” rating to an “overweight” rating in a research report on Wednesday, August 27th. UBS Group upped 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 downgraded shares of Grupo Televisa from a “buy” rating to a “neutral” rating and set a $2.60 price objective on the stock. in a report on Friday, August 8th. Finally, Zacks Research downgraded Grupo Televisa from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th.

Grupo Televisa Trading Down 0.6%

Shares of Grupo Televisa stock opened at $2.52 on Wednesday. The firm’s 50-day moving average price is $2.64 and its two-hundred day moving average price is $2.23. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of -3.35, a PEG ratio of 0.57 and a beta of 1.99. Grupo Televisa has a 12-month low of $1.55 and a 12-month high of $2.97. The company has a quick ratio of 2.33, a current ratio of 2.35 and a debt-to-equity ratio of 0.03.

Grupo Televisa (NYSE:TV) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.05 earnings per share 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 company had revenue of $787.59 million for the quarter, compared to the consensus estimate of $14.96 billion. On average, analysts forecast that Grupo Televisa will post -0.07 earnings per share for the current fiscal year.

Institutional Trading of Grupo Televisa

Institutional investors and hedge funds have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Grupo Televisa during the 4th quarter worth approximately $213,000. Gamco Investors INC. ET AL grew its stake in Grupo Televisa by 4.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 17,946,426 shares of the company’s stock valued at $31,406,000 after buying an additional 827,363 shares in the last quarter. Acadian Asset Management LLC grew its stake in Grupo Televisa by 99.9% in the 1st quarter. Acadian Asset Management LLC now owns 7,688,871 shares of the company’s stock valued at $13,440,000 after buying an additional 3,842,375 shares in the last quarter. R Squared Ltd grew its position in shares of Grupo Televisa by 405.9% in the first quarter. R Squared Ltd now owns 21,400 shares of the company’s stock valued at $37,000 after purchasing an additional 17,170 shares in the last quarter. Finally, Atria Wealth Solutions Inc. grew its position in shares of Grupo Televisa by 100.0% in the first quarter. Atria Wealth Solutions Inc. now owns 49,000 shares of the company’s stock valued at $86,000 after purchasing an additional 24,500 shares in the last quarter. 55.77% of the stock is owned by hedge funds and other institutional investors.

About Grupo Televisa

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.