Grupo Televisa, S.A.B. (NYSE:TV) Downgraded by Bank of America to “Neutral”

Bank of America downgraded shares of Grupo Televisa, S.A.B. (NYSE:TV) from a buy rating to a neutral rating in a research report sent to investors on Monday morning, Marketbeat Ratings reports. They currently have $3.50 target price on the stock.

TV has been the subject of a number of other reports. Morgan Stanley reiterated 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. StockNews.com raised shares of Grupo Televisa, S.A.B. from a sell rating to a hold rating in a report on Monday, February 26th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of $5.28.

Grupo Televisa, S.A.B. Stock Performance

NYSE:TV opened at $2.85 on Monday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.73 and a current ratio of 1.76. The company has a fifty day moving average of $3.11 and a two-hundred day moving average of $2.96. The stock has a market capitalization of $1.58 billion, a PE ratio of -2.71 and a beta of 1.77. Grupo Televisa, S.A.B. has a fifty-two week low of $2.10 and a fifty-two week high of $5.41.

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

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

Several hedge funds have recently made changes to their positions in the business. Quantbot Technologies LP acquired a new stake in Grupo Televisa, S.A.B. in the second quarter valued at approximately $25,000. Moors & Cabot Inc. acquired a new stake in Grupo Televisa, S.A.B. in the third quarter valued at approximately $31,000. First Trust Direct Indexing L.P. acquired a new stake in Grupo Televisa, S.A.B. in the third quarter valued at approximately $32,000. PNC Financial Services Group Inc. raised its holdings in Grupo Televisa, S.A.B. by 181.1% during the second quarter. PNC Financial Services Group Inc. now owns 6,409 shares of the company’s stock worth $33,000 after purchasing an additional 4,129 shares in the last quarter. Finally, Ieq Capital LLC acquired a new stake in Grupo Televisa, S.A.B. during the fourth quarter worth approximately $37,000. Institutional investors and hedge funds 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.