Grupo Televisa (NYSE:TV - Free Report) had its target price lifted by Benchmark from $7.00 to $9.00 in a report released on Wednesday morning,Benzinga reports. Benchmark currently has a buy rating on the stock.
TV has been the subject of a number of other research reports. Wall Street Zen cut Grupo Televisa from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. The Goldman Sachs Group raised their target price on Grupo Televisa from $1.80 to $2.20 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Finally, UBS Group lowered their price objective on Grupo Televisa from $2.50 to $2.40 and set a "neutral" rating for the company in a research note on Monday, June 16th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Grupo Televisa currently has an average rating of "Hold" and an average price target of $4.53.
Get Our Latest Analysis on Grupo Televisa
Grupo Televisa Stock Down 1.4%
Shares of TV traded down $0.04 on Wednesday, reaching $2.42. The stock had a trading volume of 1,041,310 shares, compared to its average volume of 2,163,954. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of -3.02, a price-to-earnings-growth ratio of 1.52 and a beta of 1.94. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.31 and a current ratio of 2.32. The company has a 50-day simple moving average of $2.16 and a 200-day simple moving average of $1.96. Grupo Televisa has a 12-month low of $1.55 and a 12-month high of $2.71.
Grupo Televisa (NYSE:TV - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of ($0.01) by $0.06. The company 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 6.99% and a negative net margin of 13.70%. Sell-side analysts predict that Grupo Televisa will post -0.07 EPS for the current year.
Grupo Televisa Cuts Dividend
The business also recently disclosed an annual dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 30th were paid a dividend of $0.0908 per share. This represents a yield of 3.9%. The ex-dividend date was Friday, May 30th. Grupo Televisa's payout ratio is -10.00%.
Institutional Trading of Grupo Televisa
A number of institutional investors and hedge funds have recently modified their holdings of the business. Robeco Institutional Asset Management B.V. increased its holdings in shares of Grupo Televisa by 7.2% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,312,678 shares of the company's stock worth $2,875,000 after purchasing an additional 88,233 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of Grupo Televisa by 99.9% in the 1st quarter. Acadian Asset Management LLC now owns 7,688,871 shares of the company's stock worth $13,440,000 after purchasing an additional 3,842,375 shares in the last quarter. Vident Advisory LLC increased its holdings in shares of Grupo Televisa by 114.8% in the 1st quarter. Vident Advisory LLC now owns 28,762 shares of the company's stock worth $50,000 after purchasing an additional 15,374 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. grew its holdings in shares of Grupo Televisa by 2.8% in the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 395,950 shares of the company's stock worth $693,000 after acquiring an additional 10,875 shares during the period. Finally, Gamco Investors INC. ET AL grew its holdings in shares of 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 worth $31,406,000 after acquiring an additional 827,363 shares during the period. Institutional investors own 55.77% of the company's stock.
About Grupo Televisa
(
Get Free Report)
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.
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