Grupo Televisa, S.A.B. (NYSE:TV) Lowered to “Neutral” Rating by 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 sent to investors on Thursday morning, MarketBeat Ratings reports.

Other equities analysts have also issued reports about the stock. StockNews.com upgraded shares of Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th. Benchmark dropped their price target on shares of Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Finally, The Goldman Sachs Group decreased their price objective on Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a “buy” rating for the company in a report on Monday, August 5th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.25.

Grupo Televisa, S.A.B. Stock Down 3.6 %

Grupo Televisa, S.A.B. stock traded down $0.08 during mid-day trading on Thursday, hitting $2.12. The company had a trading volume of 1,375,050 shares, compared to its average volume of 1,573,831. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of -3.08, a PEG ratio of 0.98 and a beta of 1.88. Grupo Televisa, S.A.B. has a 1 year low of $1.69 and a 1 year high of $3.64. The company has a quick ratio of 2.41, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. The business has a fifty day moving average of $2.30 and a 200 day moving average of $2.50.

Grupo Televisa, S.A.B. (NYSE:TV) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.03 by $0.04. The company had revenue of $812.55 million for the quarter, compared to analyst estimates 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 expect that Grupo Televisa, S.A.B. will post 0.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Grupo Televisa, S.A.B.

Several hedge funds have recently modified their holdings of the stock. Central Pacific Bank Trust Division lifted its holdings in shares of Grupo Televisa, S.A.B. by 50.0% during the third quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company’s stock worth $38,000 after purchasing an additional 5,000 shares during the period. Ballentine Partners LLC lifted its holdings in shares of Grupo Televisa, S.A.B. by 18.0% during the third quarter. Ballentine Partners LLC now owns 37,039 shares of the company’s stock worth $95,000 after purchasing an additional 5,658 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Grupo Televisa, S.A.B. by 35.7% during the second quarter. SG Americas Securities LLC now owns 28,154 shares of the company’s stock worth $78,000 after purchasing an additional 7,406 shares during the period. XTX Topco Ltd lifted its holdings in shares of Grupo Televisa, S.A.B. by 19.1% during the second quarter. XTX Topco Ltd now owns 60,454 shares of the company’s stock worth $167,000 after purchasing an additional 9,684 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Grupo Televisa, S.A.B. during the second quarter worth $29,000. 55.77% of the stock is owned by institutional investors and hedge funds.

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.