Grupo Televisa (NYSE:TV) Cut to "Neutral" at The Goldman Sachs Group

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 to investors on Friday, MarketBeat Ratings reports. They presently have a $2.60 target price on the stock. The Goldman Sachs Group's price target would indicate a potential upside of 14.29% from the company's current price.

TV has been the subject of several other research reports. Benchmark boosted their price target on 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 lowered Grupo Televisa from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Finally, UBS Group boosted their target price on Grupo Televisa from $2.40 to $2.50 and gave the stock a "neutral" rating in a report on Tuesday, July 29th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Grupo Televisa currently has an average rating of "Hold" and an average target price of $4.70.

Grupo Televisa Stock Down 1.9%

NYSE:TV traded down $0.05 on Friday, hitting $2.28. 803,573 shares of the company's stock traded hands, compared to its average volume of 2,157,357. The company has a current ratio of 2.35, a quick ratio of 2.33 and a debt-to-equity ratio of 0.03. Grupo Televisa has a 1 year low of $1.55 and a 1 year high of $2.89. The firm has a 50-day moving average price of $2.28 and a 200-day moving average price of $2.02. The company has a market cap of $1.26 billion, a PE ratio of -3.03, a price-to-earnings-growth ratio of 1.49 and a beta of 1.97.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TV. JPMorgan Chase & Co. raised its stake in shares of Grupo Televisa by 52.0% in the second quarter. JPMorgan Chase & Co. now owns 21,059,394 shares of the company's stock valued at $46,120,000 after purchasing an additional 7,204,072 shares in the last quarter. Gamco Investors INC. ET AL grew its position in Grupo Televisa by 4.8% in the first quarter. Gamco Investors INC. ET AL now owns 17,946,426 shares of the company's stock valued at $31,406,000 after acquiring an additional 827,363 shares during the period. Acadian Asset Management LLC grew its position in Grupo Televisa by 32.9% in the second quarter. Acadian Asset Management LLC now owns 10,222,182 shares of the company's stock valued at $22,376,000 after acquiring an additional 2,533,311 shares during the period. Gabelli Funds LLC grew its position in Grupo Televisa by 4.3% in the first quarter. Gabelli Funds LLC now owns 7,090,600 shares of the company's stock valued at $12,409,000 after acquiring an additional 294,300 shares during the period. Finally, GFS Advisors LLC bought a new stake in Grupo Televisa in the second quarter valued at $4,692,000. 55.77% of the stock is currently owned by institutional investors and hedge funds.

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.