Grupo Televisa, S.A.B. (NYSE:TV) Receives Consensus Rating of “Hold” from Brokerages

Grupo Televisa, S.A.B. (NYSE:TV) has earned an average recommendation of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $5.28.

Several equities analysts have recently weighed in on the stock. Benchmark reiterated a “buy” rating and set a $12.00 price objective on shares of Grupo Televisa, S.A.B. in a report on Thursday, May 16th. Bank of America downgraded shares of Grupo Televisa, S.A.B. from a “buy” rating to a “neutral” rating and set a $3.50 target price for the company. in a research report on Monday, April 15th.

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

A number of institutional investors have recently modified their holdings of TV. Citigroup Inc. lifted its stake in shares of Grupo Televisa, S.A.B. by 22.5% during the 3rd quarter. Citigroup Inc. now owns 60,310 shares of the company’s stock valued at $184,000 after buying an additional 11,078 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Grupo Televisa, S.A.B. by 39.4% during the 4th quarter. SG Americas Securities LLC now owns 21,742 shares of the company’s stock valued at $73,000 after buying an additional 6,150 shares in the last quarter. Raymond James & Associates purchased a new stake in shares of Grupo Televisa, S.A.B. during the 4th quarter valued at approximately $130,000. Assenagon Asset Management S.A. lifted its stake in Grupo Televisa, S.A.B. by 34.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 831,124 shares of the company’s stock worth $2,776,000 after purchasing an additional 215,013 shares in the last quarter. Finally, Ballentine Partners LLC purchased a new stake in Grupo Televisa, S.A.B. in the 4th quarter worth approximately $49,000. 55.77% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Televisa, S.A.B. Price Performance

TV stock opened at $2.22 on Tuesday. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of -2.55, a PEG ratio of 1.50 and a beta of 1.89. The company has a quick ratio of 2.28, a current ratio of 2.31 and a debt-to-equity ratio of 0.77. Grupo Televisa, S.A.B. has a 12-month low of $2.10 and a 12-month high of $5.36. The company’s fifty day simple moving average is $2.76 and its 200 day simple moving average is $2.97.

Grupo Televisa, S.A.B. Increases Dividend

The business also recently announced an annual dividend, which was paid on Monday, June 10th. Stockholders of record on Thursday, May 30th were given a dividend of $0.1056 per share. This is an increase from Grupo Televisa, S.A.B.’s previous annual dividend of $0.10. This represents a dividend yield of 2.4%. The ex-dividend date was Thursday, May 30th. Grupo Televisa, S.A.B.’s dividend payout ratio is currently -10.34%.

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.