The Goldman Sachs Group Issues Pessimistic Forecast for Grupo Televisa, S.A.B. (NYSE:TV) Stock Price

Grupo Televisa, S.A.B. (NYSE:TV) had its price objective decreased by equities researchers at The Goldman Sachs Group from $2.90 to $2.50 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 14.16% from the stock’s current price.

Several other equities analysts have also issued reports on TV. JPMorgan Chase & Co. lowered Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research report on Thursday. Benchmark lowered their price target on shares of Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Finally, StockNews.com raised shares of Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Grupo Televisa, S.A.B. has an average rating of “Moderate Buy” and a consensus target price of $5.25.

Grupo Televisa, S.A.B. Stock Down 0.5 %

TV opened at $2.19 on Friday. The firm has a market capitalization of $1.21 billion, a P/E ratio of -3.10, a price-to-earnings-growth ratio of 0.98 and a beta of 1.88. Grupo Televisa, S.A.B. has a one year low of $1.69 and a one year high of $3.64. The company has a fifty day moving average price of $2.30 and a 200-day moving average price of $2.50. 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 posted its quarterly earnings data 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 net margin of 10.88% and a negative return on equity of 5.68%. The company had revenue of $812.55 million during the quarter, compared to the consensus estimate of $828.35 million. Equities research analysts expect that Grupo Televisa, S.A.B. will post 0.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TV. Gabelli Funds LLC increased its position in shares of Grupo Televisa, S.A.B. by 14.9% during the 1st 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 during the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Grupo Televisa, S.A.B. in the third quarter worth $1,463,000. SG Americas Securities LLC raised its position in shares of Grupo Televisa, S.A.B. by 35.7% during the 2nd quarter. SG Americas Securities LLC now owns 28,154 shares of the company’s stock valued at $78,000 after purchasing an additional 7,406 shares during the period. Central Pacific Bank Trust Division lifted its stake in shares of Grupo Televisa, S.A.B. by 50.0% during the 3rd quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company’s stock valued at $38,000 after buying an additional 5,000 shares in the last quarter. Finally, Ballentine Partners LLC boosted its holdings in Grupo Televisa, S.A.B. by 23.3% in the 2nd quarter. Ballentine Partners LLC now owns 31,381 shares of the company’s stock worth $87,000 after buying an additional 5,939 shares during the period. 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.