Brokerages Set Grupo Televisa, S.A.B. (NYSE:TV) PT at $5.28

Shares of Grupo Televisa, S.A.B. (NYSE:TV) have been given an average recommendation of “Hold” by the six analysts that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $5.28.

Several equities analysts have commented on the stock. Benchmark reissued a “buy” rating and issued a $12.00 target price on shares of Grupo Televisa, S.A.B. in a report on Thursday, May 16th. Bank of America cut shares of Grupo Televisa, S.A.B. from a “buy” rating to a “neutral” rating and set a $3.50 price objective on the stock. in a research note on Monday, April 15th.

Grupo Televisa, S.A.B. Price Performance

Grupo Televisa, S.A.B. stock opened at $2.23 on Tuesday. The firm has a market cap of $1.23 billion, a PE ratio of -2.56, a price-to-earnings-growth ratio of 6.99 and a beta of 1.88. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.59 and a quick ratio of 1.57. The stock’s fifty day moving average price is $2.78 and its two-hundred day moving average price is $2.97. Grupo Televisa, S.A.B. has a one year low of $2.10 and a one year high of $5.36.

Grupo Televisa, S.A.B. (NYSE:TV) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.14. Grupo Televisa, S.A.B. had a negative return on equity of 6.36% and a negative net margin of 12.41%. The company had revenue of $939.92 million for the quarter, compared to analysts’ expectations of $1.02 billion. As a group, research analysts expect that Grupo Televisa, S.A.B. will post 0.01 EPS for the current fiscal year.

Grupo Televisa, S.A.B. Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Monday, June 10th. Investors of record on Thursday, May 30th were paid a $0.1056 dividend. This is an increase from Grupo Televisa, S.A.B.’s previous annual dividend of $0.10. The ex-dividend date was Thursday, May 30th. This represents a yield of 2.4%. Grupo Televisa, S.A.B.’s dividend payout ratio is presently -10.34%.

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

Several hedge funds have recently modified their holdings of the company. Levin Capital Strategies L.P. raised its position in Grupo Televisa, S.A.B. by 61.2% in the fourth quarter. Levin Capital Strategies L.P. now owns 8,216,992 shares of the company’s stock valued at $27,445,000 after purchasing an additional 3,119,098 shares during the last quarter. Gamco Investors INC. ET AL raised its holdings in Grupo Televisa, S.A.B. by 25.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 14,618,608 shares of the company’s stock valued at $46,780,000 after buying an additional 2,984,705 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Grupo Televisa, S.A.B. by 162.4% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,093,800 shares of the company’s stock worth $10,333,000 after buying an additional 1,914,800 shares during the period. GFS Advisors LLC grew its holdings in Grupo Televisa, S.A.B. by 210.3% during the 1st quarter. GFS Advisors LLC now owns 1,768,590 shares of the company’s stock worth $5,659,000 after acquiring an additional 1,198,590 shares during the last quarter. Finally, Gabelli Funds LLC increased its position in Grupo Televisa, S.A.B. by 14.9% in the 1st quarter. Gabelli Funds LLC now owns 7,042,600 shares of the company’s stock valued at $22,536,000 after acquiring an additional 914,500 shares during the period. 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.