Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) had its price target reduced by equities researchers at The Goldman Sachs Group from $2.90 to $2.50 in a note issued to investors on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. The Goldman Sachs Group's price target would suggest a potential upside of 17.92% from the stock's current price.
TV has been the subject of a number of other reports. JPMorgan Chase & Co. lowered Grupo Televisa, S.A.B. from an "overweight" rating to a "neutral" rating in a research report on Thursday. StockNews.com upgraded shares of Grupo Televisa, S.A.B. from a "hold" rating to a "buy" rating in a research report on Thursday, October 24th. Finally, Benchmark decreased their target price 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. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Grupo Televisa, S.A.B. has an average rating of "Moderate Buy" and a consensus target price of $5.25.
Check Out Our Latest Analysis on TV
Grupo Televisa, S.A.B. Trading Down 3.6 %
Shares of TV traded down $0.08 during mid-day trading on Friday, reaching $2.12. 1,560,392 shares of the company were exchanged, compared to its average volume of 1,576,309. The business has a 50 day simple moving average of $2.30 and a two-hundred day simple moving average of $2.50. 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 stock has a market capitalization of $1.17 billion, a PE ratio of -3.08, a PEG ratio of 0.98 and a beta of 1.88. Grupo Televisa, S.A.B. has a 52 week low of $1.69 and a 52 week high of $3.64.
Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.07 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.04. The company had revenue of $812.55 million for the quarter, compared to analyst estimates of $828.35 million. Grupo Televisa, S.A.B. had a negative net margin of 10.88% and a negative return on equity of 5.68%. On average, analysts predict that Grupo Televisa, S.A.B. will post 0.07 earnings per share for the current fiscal year.
Institutional Trading of Grupo Televisa, S.A.B.
A number of large investors have recently modified their holdings of the business. Sanctuary Advisors LLC bought a new position in Grupo Televisa, S.A.B. in the second quarter valued at $29,000. Central Pacific Bank Trust Division raised its position in 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 purchasing an additional 5,000 shares during the period. Welch Group LLC purchased a new stake in Grupo Televisa, S.A.B. during the second quarter valued at about $55,000. SG Americas Securities LLC grew its stake in shares of 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 buying an additional 7,406 shares during the last quarter. Finally, Ballentine Partners LLC increased its holdings in shares of Grupo Televisa, S.A.B. by 23.3% in the second 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. Institutional investors own 55.77% of the company's stock.
About Grupo Televisa, S.A.B.
(
Get Free Report)
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.
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