Grupo Televisa (NYSE:TV) Price Target Raised to $2.60

Grupo Televisa (NYSE:TV) had its price objective raised by UBS Group from $2.50 to $2.60 in a research note issued to investors on Monday,Benzinga reports. They currently have a neutral rating on the stock.

Other research analysts also recently issued research reports about the company. Zacks Research downgraded Grupo Televisa from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Grupo Televisa in a report on Wednesday, October 8th. The Goldman Sachs Group downgraded 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. Benchmark upped their price objective on Grupo Televisa from $7.00 to $9.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. raised Grupo Televisa from a “neutral” rating to an “overweight” rating in a report on Wednesday, August 27th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $4.73.

Grupo Televisa Stock Down 0.2%

Shares of TV opened at $2.75 on Monday. The company has a market capitalization of $1.52 billion, a P/E ratio of -2.72, a PEG ratio of 0.91 and a beta of 1.99. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.31 and a quick ratio of 2.33. Grupo Televisa has a one year low of $1.55 and a one year high of $2.97. The business’s 50 day simple moving average is $2.63 and its 200-day simple moving average is $2.31.

Grupo Televisa (NYSE:TV) last posted its quarterly earnings data on Friday, October 24th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.22). Grupo Televisa had a negative return on equity of 9.49% and a negative net margin of 18.27%.The firm had revenue of $792.87 million for the quarter, compared to analyst estimates of $14.66 billion. As a group, sell-side analysts predict that Grupo Televisa will post -0.07 EPS for the current fiscal year.

Hedge Funds Weigh In On Grupo Televisa

Large investors have recently modified their holdings of the business. Strid Group LLC acquired a new position in shares of Grupo Televisa during the 3rd quarter worth about $27,000. Signaturefd LLC boosted its stake in shares of Grupo Televisa by 72.7% during the 1st quarter. Signaturefd LLC now owns 16,085 shares of the company’s stock worth $28,000 after buying an additional 6,770 shares during the last quarter. TD Private Client Wealth LLC boosted its stake in shares of Grupo Televisa by 68.8% during the 3rd quarter. TD Private Client Wealth LLC now owns 10,685 shares of the company’s stock worth $29,000 after buying an additional 4,355 shares during the last quarter. Evergreen Capital Management LLC acquired a new position in shares of Grupo Televisa during the 2nd quarter worth about $29,000. Finally, Assetmark Inc. acquired a new stake in Grupo Televisa in the 2nd quarter valued at about $34,000. 55.77% of the stock is currently owned by institutional investors and hedge funds.

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.