Grupo Televisa, S.A.B. (NYSE:TV) Rating Lowered to “Neutral” at JPMorgan Chase & Co.

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

A number of other equities research analysts also recently commented on TV. Benchmark reduced their target price on Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating for the company in a report on Thursday, October 24th. 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, The Goldman Sachs Group dropped their price target on Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a “buy” rating for the company in a research report on Monday, August 5th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Grupo Televisa, S.A.B. presently has an average rating of “Moderate Buy” and a consensus price target of $5.25.

Grupo Televisa, S.A.B. Price Performance

Grupo Televisa, S.A.B. stock traded down $0.08 during midday trading on Thursday, reaching $2.12. The company’s stock had a trading volume of 1,375,050 shares, compared to its average volume of 1,573,831. Grupo Televisa, S.A.B. has a fifty-two week low of $1.69 and a fifty-two week high of $3.64. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.41 and a current ratio of 2.43. The stock’s 50 day simple moving average is $2.30 and its 200 day simple moving average is $2.50. The firm has a market capitalization of $1.17 billion, a PE ratio of -3.08, a P/E/G ratio of 0.98 and a beta of 1.88.

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 analysts’ consensus estimates of $0.03 by $0.04. Grupo Televisa, S.A.B. had a negative return on equity of 5.68% and a negative net margin of 10.88%. The company had revenue of $812.55 million during the quarter, compared to the consensus estimate of $828.35 million. On average, equities research analysts forecast that Grupo Televisa, S.A.B. will post 0.07 earnings per share for the current year.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Centiva Capital LP increased its position in Grupo Televisa, S.A.B. by 86.3% during the 3rd quarter. Centiva Capital LP now owns 101,499 shares of the company’s stock worth $260,000 after purchasing an additional 47,014 shares in the last quarter. PEAK6 Investments LLC purchased a new stake in Grupo Televisa, S.A.B. during the 3rd quarter worth about $119,000. BNP Paribas Financial Markets increased its position in Grupo Televisa, S.A.B. by 1,005,403.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 271,486 shares of the company’s stock worth $695,000 after purchasing an additional 271,459 shares in the last quarter. Banco Santander S.A. increased its position in Grupo Televisa, S.A.B. by 13.0% during the 3rd quarter. Banco Santander S.A. now owns 182,999 shares of the company’s stock worth $468,000 after purchasing an additional 20,999 shares in the last quarter. Finally, Thrivent Financial for Lutherans purchased a new stake in Grupo Televisa, S.A.B. during the 3rd quarter worth about $284,000. Hedge funds and other institutional investors own 55.77% of the company’s stock.

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.