Grupo Televisa, S.A.B. (NYSE:TV) Receives $5.35 Average Price Target from Analysts

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) has received an average rating of "Hold" from the five brokerages that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $5.35.

Several equities research analysts recently weighed in on TV shares. JPMorgan Chase & Co. cut Grupo Televisa, S.A.B. from an "overweight" rating to a "neutral" rating in a research note on Thursday. The Goldman Sachs Group decreased their target price on Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a "buy" rating for the company in a research note on Monday, August 5th. Benchmark cut their price target on Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. Finally, StockNews.com raised Grupo Televisa, S.A.B. from a "hold" rating to a "buy" rating in a research report on Thursday, October 24th.

Grupo Televisa, S.A.B. Stock Up 0.9 %

Shares of TV traded up $0.02 during midday trading on Thursday, hitting $2.20. The company had a trading volume of 2,684,888 shares, compared to its average volume of 1,574,731. The company's 50-day simple moving average is $2.29 and its 200-day simple moving average is $2.51. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.41 and a current ratio of 2.43. The firm has a market capitalization of $1.22 billion, a P/E ratio of -3.03, a P/E/G ratio of 0.97 and a beta of 1.88. Grupo Televisa, S.A.B. has a 1 year low of $1.69 and a 1 year high of $3.64.

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) last posted its earnings results on Thursday, October 24th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.04. The firm had revenue of $812.55 million during the quarter, compared to analysts' expectations 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%. As a group, sell-side analysts expect that Grupo Televisa, S.A.B. will post 0.07 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. PEAK6 Investments LLC acquired a new position in shares of Grupo Televisa, S.A.B. in the third quarter valued at approximately $119,000. BNP Paribas Financial Markets boosted its position in Grupo Televisa, S.A.B. by 1,005,403.7% during the third quarter. BNP Paribas Financial Markets now owns 271,486 shares of the company's stock worth $695,000 after purchasing an additional 271,459 shares in the last quarter. Banco Santander S.A. boosted its position in Grupo Televisa, S.A.B. by 13.0% during the third quarter. Banco Santander S.A. now owns 182,999 shares of the company's stock worth $468,000 after purchasing an additional 20,999 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in Grupo Televisa, S.A.B. during the third quarter worth $284,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in Grupo Televisa, S.A.B. during the third quarter worth $90,000. Institutional investors and hedge funds 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.