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

Grupo Televisa, S.A.B. (NYSE:TV) was downgraded by research analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, Marketbeat reports.

Several other equities research analysts have also recently weighed in on TV. The Goldman Sachs Group decreased their target price on 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. Benchmark cut their price target on Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Finally, StockNews.com raised Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Grupo Televisa, S.A.B. has an average rating of “Moderate Buy” and an average price target of $5.25.

Grupo Televisa, S.A.B. Price Performance

TV stock opened at $2.12 on Thursday. The business has a 50 day moving average price of $2.31 and a 200 day moving average price of $2.50. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of -2.99, a PEG ratio of 0.98 and a beta of 1.88. 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 quick ratio of 2.41, a current ratio of 2.43 and a debt-to-equity ratio of 0.03.

Grupo Televisa, S.A.B. (NYSE:TV) last posted its earnings results on Thursday, October 24th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.04. The firm had revenue of $812.55 million during the quarter, compared to analysts’ expectations of $828.35 million. Grupo Televisa, S.A.B. had a negative return on equity of 5.68% and a negative net margin of 10.88%. Equities research analysts anticipate that Grupo Televisa, S.A.B. will post 0.07 earnings per share for the current fiscal year.

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

Several large investors have recently modified their holdings of TV. Gamco Investors INC. ET AL raised its stake in shares of Grupo Televisa, S.A.B. by 25.7% during the first quarter. Gamco Investors INC. ET AL now owns 14,618,608 shares of the company’s stock worth $46,780,000 after purchasing an additional 2,984,705 shares during the last quarter. Keeley Teton Advisors LLC raised its stake in shares of Grupo Televisa, S.A.B. by 41.1% during the first quarter. Keeley Teton Advisors LLC now owns 168,388 shares of the company’s stock worth $539,000 after purchasing an additional 49,053 shares during the last quarter. Gabelli Funds LLC raised its stake in shares of Grupo Televisa, S.A.B. by 14.9% during the first quarter. Gabelli Funds LLC now owns 7,042,600 shares of the company’s stock worth $22,536,000 after purchasing an additional 914,500 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. raised its stake in shares of Grupo Televisa, S.A.B. by 28.6% during the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 366,025 shares of the company’s stock worth $1,171,000 after purchasing an additional 81,450 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in Grupo Televisa, S.A.B. by 35.7% in the second quarter. SG Americas Securities LLC now owns 28,154 shares of the company’s stock worth $78,000 after acquiring an additional 7,406 shares in the last quarter. Hedge funds and other institutional investors own 55.77% of the company’s stock.

Grupo Televisa, S.A.B. Company Profile

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.