Brokerages Set Grupo Televisa, S.A.B. (NYSE:TV) PT at $5.25

Grupo Televisa, S.A.B. (NYSE:TV) has been given a consensus recommendation of “Moderate Buy” by the four ratings firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $5.67.

TV has been the topic of several recent analyst reports. Benchmark reduced their target price 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. JPMorgan Chase & Co. lowered shares of Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 14th. StockNews.com lowered shares of Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Finally, The Goldman Sachs Group reduced their target price 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.

Grupo Televisa, S.A.B. Stock Performance

NYSE TV opened at $1.97 on Friday. The stock has a market cap of $1.09 billion, a P/E ratio of -2.77, a PEG ratio of 0.56 and a beta of 1.82. The company has a quick ratio of 2.41, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. Grupo Televisa, S.A.B. has a twelve month low of $1.66 and a twelve month high of $3.65. The company’s 50-day simple moving average is $2.02 and its 200 day simple moving average is $2.18.

Grupo Televisa, S.A.B. (NYSE:TV) last issued 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 business had revenue of $812.55 million during the quarter, compared to analysts’ expectations of $828.35 million. As a group, research analysts forecast that Grupo Televisa, S.A.B. will post 0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Grupo Televisa, S.A.B.

Large investors have recently modified their holdings of the stock. Discovery Capital Management LLC CT raised its position in Grupo Televisa, S.A.B. by 6.2% in the 2nd quarter. Discovery Capital Management LLC CT now owns 16,944,935 shares of the company’s stock worth $46,937,000 after purchasing an additional 993,295 shares during the last quarter. Gabelli Funds LLC increased its stake in shares of Grupo Televisa, S.A.B. by 0.3% in the 2nd quarter. Gabelli Funds LLC now owns 7,061,624 shares of the company’s stock valued at $19,561,000 after buying an additional 19,024 shares during the period. American Century Companies Inc. raised its position in shares of Grupo Televisa, S.A.B. by 12.2% during the second quarter. American Century Companies Inc. now owns 841,994 shares of the company’s stock worth $2,332,000 after acquiring an additional 91,237 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in shares of Grupo Televisa, S.A.B. during the third quarter valued at $1,463,000. Finally, BNP Paribas Financial Markets boosted its holdings in Grupo Televisa, S.A.B. by 1,005,403.7% in the third quarter. BNP Paribas Financial Markets now owns 271,486 shares of the company’s stock valued at $695,000 after acquiring an additional 271,459 shares during the last quarter. 55.77% of the stock is currently 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.