Grupo Televisa, S.A.B. (NYSE:TV) Downgraded by StockNews.com to “Hold”

StockNews.com lowered shares of Grupo Televisa, S.A.B. (NYSE:TV) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

A number of other analysts also recently issued reports on the company. JPMorgan Chase & Co. downgraded Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a report on Thursday, November 14th. Benchmark decreased 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 research note on Thursday, October 24th. Finally, The Goldman Sachs Group dropped their price target on shares of Grupo Televisa, S.A.B. from $2.90 to $2.50 and set a “buy” rating on the stock in a research note on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.25.

Grupo Televisa, S.A.B. Price Performance

Shares of Grupo Televisa, S.A.B. stock opened at $2.00 on Wednesday. The business has a 50-day simple moving average of $2.32 and a 200-day simple moving average of $2.47. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 2.41. Grupo Televisa, S.A.B. has a one year low of $1.69 and a one year high of $3.64.

Grupo Televisa, S.A.B. (NYSE:TV) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.03 by $0.04. The company had revenue of $812.55 million during the quarter, compared to analysts’ expectations of $828.35 million. Grupo Televisa, S.A.B. had a negative net margin of 10.88% and a negative return on equity of 5.68%. On average, sell-side analysts forecast that Grupo Televisa, S.A.B. will post 0.06 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC purchased a new position in shares of Grupo Televisa, S.A.B. in the 2nd quarter valued at approximately $29,000. Central Pacific Bank Trust Division grew its position in Grupo Televisa, S.A.B. by 50.0% in the 3rd quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company’s stock valued at $38,000 after buying an additional 5,000 shares during the last quarter. Welch Group LLC acquired a new position in Grupo Televisa, S.A.B. in the 2nd quarter valued at $55,000. SG Americas Securities LLC raised its position in Grupo Televisa, S.A.B. by 35.7% during the 2nd quarter. SG Americas Securities LLC now owns 28,154 shares of the company’s stock worth $78,000 after buying an additional 7,406 shares during the last quarter. Finally, Ballentine Partners LLC lifted its stake in shares of Grupo Televisa, S.A.B. by 23.3% in the 2nd quarter. Ballentine Partners LLC now owns 31,381 shares of the company’s stock worth $87,000 after acquiring an additional 5,939 shares during the period. 55.77% of the stock is owned by hedge funds and other institutional investors.

About Grupo Televisa, S.A.B.

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.