Grupo Televisa, S.A.B.'s (TV) "Buy" Rating Reiterated at Benchmark

Benchmark reissued their buy rating on shares of Grupo Televisa, S.A.B. (NYSE:TV - Free Report) in a research report report published on Wednesday morning,Benzinga reports. The brokerage currently has a $7.00 price objective on the stock, down from their previous price objective of $8.00.

Several other equities research analysts have also recently commented on the company. StockNews.com cut Grupo Televisa, S.A.B. from a "buy" rating to a "hold" rating in a report on Thursday, November 28th. The Goldman Sachs Group cut their price target on Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a "buy" rating for the company in a report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. cut Grupo Televisa, S.A.B. from an "overweight" rating to a "neutral" rating in a research note on Thursday, November 14th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Grupo Televisa, S.A.B. has a consensus rating of "Hold" and an average target price of $4.23.

Grupo Televisa, S.A.B. Price Performance

Shares of NYSE:TV traded up $0.05 during midday trading on Wednesday, hitting $2.09. The company had a trading volume of 1,277,240 shares, compared to its average volume of 2,164,571. Grupo Televisa, S.A.B. has a twelve month low of $1.66 and a twelve month high of $3.47. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 2.41. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of -2.86 and a beta of 1.84. The business's 50-day simple moving average is $1.90 and its 200-day simple moving average is $2.05.

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Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.90) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.91). Grupo Televisa, S.A.B. had a negative net margin of 11.69% and a negative return on equity of 5.73%. The company had revenue of $758.58 million during the quarter, compared to analyst estimates of $15.49 billion. On average, research analysts predict that Grupo Televisa, S.A.B. will post -0.07 earnings per share for the current year.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Central Pacific Bank Trust Division increased its stake in Grupo Televisa, S.A.B. by 66.7% during the fourth quarter. Central Pacific Bank Trust Division now owns 25,000 shares of the company's stock worth $42,000 after acquiring an additional 10,000 shares during the last quarter. Banco Santander S.A. boosted its position in shares of 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 buying an additional 20,999 shares during the period. Northern Trust Corp boosted its position in shares of Grupo Televisa, S.A.B. by 57.9% during the fourth quarter. Northern Trust Corp now owns 64,512 shares of the company's stock worth $108,000 after buying an additional 23,648 shares during the period. PEAK6 LLC purchased a new position in shares of Grupo Televisa, S.A.B. during the fourth quarter worth $41,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of Grupo Televisa, S.A.B. during the fourth quarter worth $47,000. 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.