Grupo Televisa, S.A.B. (NYSE:TV) Lowered to Hold Rating by StockNews.com

Grupo Televisa, S.A.B. (NYSE:TV) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

Other equities research analysts have also issued reports about the company. Benchmark lowered their price target 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. 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. Finally, The Goldman Sachs Group lowered their price target on Grupo Televisa, S.A.B. from $2.90 to $2.50 and set a “buy” rating for the company in a research report on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $5.25.

Grupo Televisa, S.A.B. Stock Down 1.0 %

Shares of TV traded down $0.02 during trading hours on Thursday, reaching $1.94. The stock had a trading volume of 1,650,631 shares, compared to its average volume of 1,613,976. Grupo Televisa, S.A.B. has a 12 month low of $1.69 and a 12 month high of $3.64. The firm has a 50-day simple moving average of $2.32 and a 200 day simple moving average of $2.43. The company has a current ratio of 2.43, a quick ratio of 2.41 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of -2.73, a P/E/G ratio of 1.14 and a beta of 1.88.

Grupo Televisa, S.A.B. (NYSE:TV) last issued its earnings results on Thursday, October 24th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. Grupo Televisa, S.A.B. had a negative return on equity of 5.68% and a negative net margin of 10.88%. The company had revenue of $812.55 million for the quarter, compared to analysts’ expectations of $828.35 million. Equities research analysts predict that Grupo Televisa, S.A.B. will post 0.05 earnings per share for the current fiscal year.

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

Several large investors have recently made changes to their positions in the business. Centiva Capital LP increased its position in shares of Grupo Televisa, S.A.B. by 86.3% during the 3rd quarter. Centiva Capital LP now owns 101,499 shares of the company’s stock valued at $260,000 after purchasing an additional 47,014 shares during the last quarter. PEAK6 Investments LLC purchased a new stake in Grupo Televisa, S.A.B. in the 3rd quarter worth about $119,000. BNP Paribas Financial Markets increased its holdings in Grupo Televisa, S.A.B. by 1,005,403.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 271,486 shares of the company’s stock worth $695,000 after acquiring an additional 271,459 shares during the last quarter. Banco Santander S.A. increased its holdings in Grupo Televisa, S.A.B. by 13.0% in the 3rd quarter. Banco Santander S.A. now owns 182,999 shares of the company’s stock worth $468,000 after acquiring an additional 20,999 shares during the last quarter. Finally, Thrivent Financial for Lutherans purchased a new stake in Grupo Televisa, S.A.B. in the 3rd quarter worth about $284,000. 55.77% of the stock is owned by hedge funds and other 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.