Grupo Televisa, S.A.B. (NYSE:TV) Receives Average Rating of "Hold" from Brokerages

Shares of Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) have been given a consensus recommendation of "Hold" by the five analysts that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $5.25.

A number of equities analysts have weighed in on TV shares. The Goldman Sachs Group decreased their target price on shares of Grupo Televisa, S.A.B. from $2.90 to $2.50 and set a "buy" rating for the company in a research note on Friday, November 15th. 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 report on Thursday, October 24th. StockNews.com downgraded Grupo Televisa, S.A.B. from a "buy" rating to a "hold" rating in a report on Thursday, November 28th. Finally, JPMorgan Chase & Co. downgraded Grupo Televisa, S.A.B. from an "overweight" rating to a "neutral" rating in a report on Thursday, November 14th.

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

Several institutional investors have recently modified their holdings of TV. Sanctuary Advisors LLC purchased a new stake in Grupo Televisa, S.A.B. in the second quarter worth approximately $29,000. Central Pacific Bank Trust Division boosted its stake in shares of Grupo Televisa, S.A.B. by 50.0% in the 3rd quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company's stock worth $38,000 after buying an additional 5,000 shares during the last quarter. Welch Group LLC bought a new stake in shares of Grupo Televisa, S.A.B. in the second quarter worth $55,000. SG Americas Securities LLC increased its position in Grupo Televisa, S.A.B. by 35.7% during the second quarter. SG Americas Securities LLC now owns 28,154 shares of the company's stock valued at $78,000 after acquiring an additional 7,406 shares during the last quarter. Finally, Ballentine Partners LLC increased its position in Grupo Televisa, S.A.B. by 23.3% during the second quarter. Ballentine Partners LLC now owns 31,381 shares of the company's stock valued at $87,000 after acquiring an additional 5,939 shares during the last quarter. 55.77% of the stock is owned by hedge funds and other institutional investors.

Grupo Televisa, S.A.B. Price Performance

TV stock remained flat at $1.98 during midday trading on Monday. The company had a trading volume of 1,369,184 shares, compared to its average volume of 1,607,282. The stock's 50-day moving average price is $2.28 and its 200-day moving average price is $2.36. 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 12 month low of $1.69 and a 12 month high of $3.65.

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) last released its 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. Grupo Televisa, S.A.B. had a negative net margin of 10.88% and a negative return on equity of 5.68%. The firm had revenue of $812.55 million for the quarter, compared to the consensus estimate of $828.35 million. Research analysts expect that Grupo Televisa, S.A.B. will post 0.08 EPS for the current fiscal year.

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.