Grupo Televisa, S.A.B. (NYSE:TV) Downgraded by JPMorgan Chase & Co. to Neutral

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) was downgraded by stock analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating in a research note issued on Thursday, Marketbeat.com reports.

A number of other equities research analysts have also commented on TV. Benchmark dropped their price objective on 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. The Goldman Sachs Group decreased their price objective on shares of 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. Finally, StockNews.com upgraded Grupo Televisa, S.A.B. from a "hold" rating to a "buy" rating in a research note on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Grupo Televisa, S.A.B. currently has a consensus rating of "Moderate Buy" and a consensus price target of $5.35.

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

Shares of TV stock traded down $0.01 during trading hours on Thursday, hitting $2.17. 1,195,570 shares of the company were exchanged, compared to its average volume of 1,567,992. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.41 and a current ratio of 2.43. Grupo Televisa, S.A.B. has a fifty-two week low of $1.69 and a fifty-two week high of $3.64. The company has a 50 day simple moving average of $2.29 and a two-hundred day simple moving average of $2.51. The firm has a market cap of $1.20 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. (NYSE:TV - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.07 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $812.55 million during the quarter, compared to the consensus estimate of $828.35 million. Equities analysts anticipate that Grupo Televisa, S.A.B. will post 0.07 EPS for the current year.

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

Several institutional investors have recently added to or reduced their stakes in the business. Gamco Investors INC. ET AL boosted its position in shares of Grupo Televisa, S.A.B. by 25.7% in the first quarter. Gamco Investors INC. ET AL now owns 14,618,608 shares of the company's stock valued at $46,780,000 after acquiring an additional 2,984,705 shares during the period. Discovery Capital Management LLC CT boosted its position in shares of Grupo Televisa, S.A.B. by 6.2% in the second quarter. Discovery Capital Management LLC CT now owns 16,944,935 shares of the company's stock valued at $46,937,000 after acquiring an additional 993,295 shares during the period. Gabelli Funds LLC boosted its position in shares of Grupo Televisa, S.A.B. by 14.9% in the first quarter. Gabelli Funds LLC now owns 7,042,600 shares of the company's stock valued at $22,536,000 after acquiring an additional 914,500 shares during the period. Robeco Institutional Asset Management B.V. bought a new position in shares of Grupo Televisa, S.A.B. in the third quarter valued at approximately $1,463,000. Finally, BNP Paribas Financial Markets boosted its position in shares of 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 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.