Grupo Televisa, S.A.B. (NYSE:TV) Given Consensus Recommendation of “Hold” by Brokerages

Grupo Televisa, S.A.B. (NYSE:TV) has earned a consensus recommendation of “Hold” from the five analysts that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $5.25.

Several research analysts have issued reports on TV shares. The Goldman Sachs Group dropped their price target on 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. JPMorgan Chase & Co. lowered Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 14th. Benchmark cut their price objective on Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Finally, StockNews.com cut shares of Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a report on Thursday, November 28th.

Grupo Televisa, S.A.B. Stock Down 1.5 %

Shares of TV stock opened at $1.98 on Monday. Grupo Televisa, S.A.B. has a 1 year low of $1.69 and a 1 year high of $3.65. 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 business’s fifty day moving average is $2.28 and its 200-day moving average is $2.36. The stock has a market cap of $1.10 billion, a PE ratio of -2.79, a price-to-earnings-growth ratio of 0.75 and a beta of 1.81.

Grupo Televisa, S.A.B. (NYSE:TV) last released its earnings results on Thursday, October 24th. The company reported $0.07 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $812.55 million for the quarter, compared to analyst estimates of $828.35 million. Equities analysts expect that Grupo Televisa, S.A.B. will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TV. Centiva Capital LP boosted its position in 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 valued at $260,000 after purchasing an additional 47,014 shares during the last quarter. PEAK6 Investments LLC purchased a new stake in shares of Grupo Televisa, S.A.B. during the 3rd quarter worth about $119,000. BNP Paribas Financial Markets lifted its holdings in shares of 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 buying an additional 271,459 shares during the last quarter. Banco Santander S.A. grew its stake in shares of 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 buying an additional 20,999 shares in the last quarter. Finally, Thrivent Financial for Lutherans acquired a new position in Grupo Televisa, S.A.B. in the third quarter worth approximately $284,000. 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.