Grupo Televisa, S.A.B. (NYSE:TV) Lowered to Hold Rating by StockNews.com

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 morning.

Other analysts also recently issued reports about the company. JPMorgan Chase & Co. downgraded Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research note on Thursday, November 14th. Benchmark cut their price objective on shares of Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group decreased their target price on shares of Grupo Televisa, S.A.B. from $2.90 to $2.50 and set a “buy” rating on the stock in a report on Friday, November 15th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $5.25.

Grupo Televisa, S.A.B. Price Performance

NYSE:TV opened at $2.00 on Wednesday. Grupo Televisa, S.A.B. has a twelve month low of $1.69 and a twelve month high of $3.64. The company’s 50-day moving average price is $2.32 and its 200-day moving average price is $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. (NYSE:TV) last issued its earnings results on Thursday, October 24th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $812.55 million for the quarter, compared to analysts’ expectations of $828.35 million. On average, research analysts expect that Grupo Televisa, S.A.B. will post 0.06 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Centiva Capital LP boosted its position in shares of Grupo Televisa, S.A.B. by 86.3% during the third quarter. Centiva Capital LP now owns 101,499 shares of the company’s stock worth $260,000 after buying an additional 47,014 shares during the period. PEAK6 Investments LLC acquired a new position in Grupo Televisa, S.A.B. during the 3rd quarter worth about $119,000. BNP Paribas Financial Markets boosted its holdings 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 valued at $695,000 after acquiring an additional 271,459 shares during the period. Banco Santander S.A. grew its position in Grupo Televisa, S.A.B. by 13.0% in the 3rd quarter. Banco Santander S.A. now owns 182,999 shares of the company’s stock valued at $468,000 after acquiring 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 third quarter worth about $284,000. Institutional investors and hedge funds 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.