The Goldman Sachs Group Downgrades Grupo Televisa (NYSE:TV) to Neutral

Key Points

• Grupo Televisa received a "neutral" rating from The Goldman Sachs Group, with a price target of $2.60, suggesting a potential upside of 6.34% from the stock's previous close.
• The stock currently has a consensus rating of "Hold" and a consensus target price of $4.70, with four analysts rating it a hold and one a buy.
• In its latest earnings report, Grupo Televisa reported earnings per share of $0.05, beating estimates, although it continues to experience a negative net margin of 13.56%.

Grupo Televisa (NYSE:TV - Get Free Report) was downgraded by The Goldman Sachs Group from a "buy" rating to a "neutral" rating in a research note issued on Friday, MarketBeat Ratings reports. They currently have a $2.60 target price on the stock. The Goldman Sachs Group's price target would indicate a potential upside of 9.24% from the stock's current price.

A number of other equities analysts have also recently issued reports on the stock. Benchmark increased their price objective on shares of Grupo Televisa from $7.00 to $9.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Wall Street Zen cut shares of Grupo Televisa from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Finally, UBS Group increased their target price on shares of Grupo Televisa from $2.40 to $2.50 and gave the stock a "neutral" rating in a research report on Tuesday, July 29th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $4.70.

Grupo Televisa Trading Down 3.3%

Shares of TV stock opened at $2.38 on Friday. Grupo Televisa has a 52-week low of $1.55 and a 52-week high of $2.89. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of -3.17, a P/E/G ratio of 1.54 and a beta of 1.97. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.33 and a current ratio of 2.35. The firm has a fifty day moving average of $2.28 and a 200-day moving average of $2.02.

Grupo Televisa (NYSE:TV - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.06. Grupo Televisa had a negative net margin of 13.56% and a negative return on equity of 6.95%. The company had revenue of $787.59 million during the quarter, compared to analysts' expectations of $14.96 billion. On average, equities research analysts forecast that Grupo Televisa will post -0.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Grupo Televisa

A number of hedge funds have recently added to or reduced their stakes in TV. Assetmark Inc. bought a new position in shares of Grupo Televisa in the 2nd quarter valued at about $34,000. Signaturefd LLC boosted its stake in shares of Grupo Televisa by 72.7% in the 1st quarter. Signaturefd LLC now owns 16,085 shares of the company's stock valued at $28,000 after purchasing an additional 6,770 shares during the last quarter. R Squared Ltd boosted its stake in shares of Grupo Televisa by 405.9% in the 1st quarter. R Squared Ltd now owns 21,400 shares of the company's stock valued at $37,000 after purchasing an additional 17,170 shares during the last quarter. PEAK6 LLC acquired a new stake in shares of Grupo Televisa in the 4th quarter valued at approximately $41,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Grupo Televisa in the 4th quarter valued at approximately $47,000. Institutional investors own 55.77% of the company's stock.

Grupo Televisa 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.