Benchmark Raises Grupo Televisa (NYSE:TV) Price Target to $9.00

Grupo Televisa (NYSE:TV - Free Report) had its price objective increased by Benchmark from $7.00 to $9.00 in a research note published on Wednesday,Benzinga reports. Benchmark currently has a buy rating on the stock.

Other equities analysts also recently issued reports about the stock. Wall Street Zen downgraded shares of Grupo Televisa from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. UBS Group dropped their target price on shares of Grupo Televisa from $2.50 to $2.40 and set a "neutral" rating on the stock in a report on Monday, June 16th. Finally, The Goldman Sachs Group raised their target price on shares of Grupo Televisa from $1.80 to $2.20 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Grupo Televisa presently has a consensus rating of "Hold" and an average target price of $4.53.

Grupo Televisa Trading Down 1.9%

Shares of Grupo Televisa stock traded down $0.05 during trading on Wednesday, hitting $2.37. The company's stock had a trading volume of 1,139,538 shares, compared to its average volume of 1,369,437. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.35 and a quick ratio of 2.31. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of -3.15, a price-to-earnings-growth ratio of 1.51 and a beta of 1.94. The stock has a 50-day moving average price of $2.17 and a two-hundred day moving average price of $1.96. Grupo Televisa has a 52 week low of $1.55 and a 52 week high of $2.71.

Grupo Televisa (NYSE:TV - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $787.59 million for the quarter, compared to analysts' expectations of $14.96 billion. Equities research analysts anticipate that Grupo Televisa will post -0.07 EPS for the current fiscal year.

Grupo Televisa Cuts Dividend

The company also recently disclosed an annual dividend, which was paid on Thursday, June 12th. Stockholders of record on Friday, May 30th were given a dividend of $0.0908 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a dividend yield of 3.9%. Grupo Televisa's payout ratio is -10.00%.

Institutional Trading of Grupo Televisa

Several institutional investors and hedge funds have recently modified their holdings of TV. Signaturefd LLC grew 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 worth $28,000 after buying an additional 6,770 shares in the last quarter. R Squared Ltd boosted its stake in shares of Grupo Televisa by 405.9% during the 1st quarter. R Squared Ltd now owns 21,400 shares of the company's stock worth $37,000 after purchasing an additional 17,170 shares during the period. PEAK6 LLC purchased a new position in shares of Grupo Televisa during the 4th quarter worth about $41,000. Russell Investments Group Ltd. purchased a new position in shares of Grupo Televisa during the 4th quarter worth about $47,000. Finally, Vident Advisory LLC lifted its holdings in Grupo Televisa by 114.8% during the 1st quarter. Vident Advisory LLC now owns 28,762 shares of the company's stock valued at $50,000 after buying an additional 15,374 shares in the last quarter. 55.77% of the stock is currently owned by institutional investors.

About Grupo Televisa

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.