Grupo Televisa, S.A.B. (NYSE:TV) Given New $2.50 Price Target at The Goldman Sachs Group

Grupo Televisa, S.A.B. (NYSE:TV) had its target price reduced by The Goldman Sachs Group from $2.90 to $2.50 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts also recently weighed in on the company. StockNews.com upgraded Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. cut Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research report on Thursday. Finally, Benchmark reduced their price objective 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. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Grupo Televisa, S.A.B. currently has an average rating of “Moderate Buy” and a consensus price target of $5.25.

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

Grupo Televisa, S.A.B. stock traded down $0.08 during mid-day trading on Friday, hitting $2.12. 1,925,366 shares of the stock were exchanged, compared to its average volume of 1,576,309. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of -2.99, a PEG ratio of 0.98 and a beta of 1.88. Grupo Televisa, S.A.B. has a 12 month low of $1.69 and a 12 month 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 firm’s fifty day simple moving average is $2.31 and its two-hundred day simple moving average is $2.50.

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

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

Institutional investors have recently made changes to their positions in the stock. Gamco Investors INC. ET AL raised its stake in Grupo Televisa, S.A.B. by 25.7% in the first quarter. Gamco Investors INC. ET AL now owns 14,618,608 shares of the company’s stock worth $46,780,000 after buying an additional 2,984,705 shares in the last quarter. Keeley Teton Advisors LLC lifted its stake in shares of Grupo Televisa, S.A.B. by 41.1% in the 1st quarter. Keeley Teton Advisors LLC now owns 168,388 shares of the company’s stock valued at $539,000 after purchasing an additional 49,053 shares during the period. Gabelli Funds LLC boosted its position in shares of Grupo Televisa, S.A.B. by 14.9% during the first quarter. Gabelli Funds LLC now owns 7,042,600 shares of the company’s stock valued at $22,536,000 after purchasing an additional 914,500 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in Grupo Televisa, S.A.B. by 28.6% in the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 366,025 shares of the company’s stock worth $1,171,000 after purchasing an additional 81,450 shares during the period. Finally, SG Americas Securities LLC raised its holdings in Grupo Televisa, S.A.B. by 35.7% in 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 in the last quarter. Hedge funds and other institutional investors own 55.77% of the company’s stock.

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.