Brokerages Set Grupo Televisa, S.A.B. (NYSE:TV) PT at $5.52

Shares of Grupo Televisa, S.A.B. (NYSE:TV) have earned an average recommendation of “Hold” from the six analysts that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $5.28.

A number of research analysts recently commented on the stock. Bank of America downgraded shares of Grupo Televisa, S.A.B. from a “buy” rating to a “neutral” rating and set a $3.50 target price on the stock. in a research report on Monday. Morgan Stanley reaffirmed an “equal weight” rating and issued a $4.00 target price (down from $7.00) on shares of Grupo Televisa, S.A.B. in a research report on Friday, January 5th. Finally, StockNews.com raised shares of Grupo Televisa, S.A.B. from a “sell” rating to a “hold” rating in a research report on Monday, February 26th.

Grupo Televisa, S.A.B. Price Performance

Shares of TV opened at $2.85 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.73 and a debt-to-equity ratio of 0.64. The firm’s fifty day simple moving average is $3.11 and its 200-day simple moving average is $2.96. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of -2.71 and a beta of 1.77. Grupo Televisa, S.A.B. has a twelve month low of $2.10 and a twelve month high of $5.41.

Grupo Televisa, S.A.B. (NYSE:TV) last posted its earnings results on Thursday, February 22nd. The company reported ($0.88) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.87). The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Grupo Televisa, S.A.B. had a negative net margin of 13.99% and a negative return on equity of 7.36%. During the same period last year, the business earned ($1.27) earnings per share. Equities analysts forecast that Grupo Televisa, S.A.B. will post 0.05 EPS for the current fiscal year.

Institutional Trading of Grupo Televisa, S.A.B.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Ballentine Partners LLC boosted its holdings in shares of Grupo Televisa, S.A.B. by 74.1% in the first quarter. Ballentine Partners LLC now owns 25,442 shares of the company’s stock valued at $81,000 after acquiring an additional 10,828 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Grupo Televisa, S.A.B. by 824.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 14,938 shares of the company’s stock valued at $50,000 after acquiring an additional 13,322 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Grupo Televisa, S.A.B. by 162.4% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,093,800 shares of the company’s stock valued at $10,333,000 after acquiring an additional 1,914,800 shares in the last quarter. Coastal Bridge Advisors LLC boosted its holdings in shares of Grupo Televisa, S.A.B. by 21.8% in the fourth quarter. Coastal Bridge Advisors LLC now owns 57,372 shares of the company’s stock valued at $192,000 after acquiring an additional 10,267 shares in the last quarter. Finally, Wolverine Trading LLC purchased a new stake in shares of Grupo Televisa, S.A.B. in the fourth quarter valued at about $53,000. Hedge funds and other institutional investors own 55.77% of the company’s stock.

About Grupo Televisa, S.A.B.

Grupo Televisa, SAB. operates as a media company in the Spanish-speaking Mexico and internationally. 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 services, as well as sales 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.