Grupo Televisa, S.A.B. (NYSE:TV) Price Target Lowered to $2.50 at The Goldman Sachs Group

Grupo Televisa, S.A.B. (NYSE:TV) had its price objective trimmed by The Goldman Sachs Group from $2.90 to $2.50 in a report published on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts have also recently issued reports on TV. StockNews.com upgraded shares of Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. Benchmark decreased their target price on Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. lowered Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 14th. Three 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. presently has an average rating of “Moderate Buy” and a consensus target price of $5.25.

Grupo Televisa, S.A.B. Price Performance

Shares of TV stock opened at $2.12 on Friday. 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 firm has a market cap of $1.17 billion, a P/E ratio of -2.99, a P/E/G ratio of 0.95 and a beta of 1.88. The business’s 50 day moving average price is $2.31 and its 200-day moving average price is $2.48.

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

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

A number of hedge funds have recently made changes to their positions in the stock. Gamco Investors INC. ET AL increased its position in Grupo Televisa, S.A.B. by 25.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 14,618,608 shares of the company’s stock valued at $46,780,000 after buying an additional 2,984,705 shares in the last quarter. Discovery Capital Management LLC CT increased its holdings in shares of Grupo Televisa, S.A.B. by 6.2% during 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 in the last quarter. Gabelli Funds LLC raised its position in shares of Grupo Televisa, S.A.B. by 14.9% in the 1st 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. Robeco Institutional Asset Management B.V. bought a new position in Grupo Televisa, S.A.B. in the 3rd quarter worth about $1,463,000. Finally, BNP Paribas Financial Markets grew its position in Grupo Televisa, S.A.B. by 1,005,403.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 271,486 shares of the company’s stock valued at $695,000 after purchasing an additional 271,459 shares during the last quarter. 55.77% of the stock is owned by 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.