Grupo Televisa (NYSE:TV) Shares Gap Up After Analyst Upgrade

Key Points

• Grupo Televisa shares gapped up after JPMorgan Chase upgraded the stock from a neutral to an overweight rating, opening at $2.55 up from $2.47.
• Despite the upgrade, several analysts have issued mixed ratings with two buy ratings and three hold ratings, indicating a consensus hold rating and a target price of $4.70.
• Grupo Televisa reported earnings of $0.05 per share for the last quarter, beating expectations of a loss, but the company has a negative net margin of 13.56% and a negative return on equity of 6.95%.

Shares of Grupo Televisa S.A. (NYSE:TV - Get Free Report) gapped up before the market opened on Wednesday after JPMorgan Chase & Co. upgraded the stock from a neutral rating to an overweight rating. The stock had previously closed at $2.47, but opened at $2.55. Grupo Televisa shares last traded at $2.65, with a volume of 556,306 shares traded.

Several other research analysts have also recently weighed in on the stock. Wall Street Zen cut shares of Grupo Televisa from a "buy" rating to a "hold" rating in a report on Friday, May 30th. UBS Group increased their price target on Grupo Televisa from $2.40 to $2.50 and gave the company a "neutral" rating in a research note on Tuesday, July 29th. The Goldman Sachs Group downgraded Grupo Televisa from a "buy" rating to a "neutral" rating and set a $2.60 price objective on the stock. in a research note on Friday, August 8th. Zacks Research downgraded Grupo Televisa from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Finally, Benchmark upped their target price on shares of Grupo Televisa from $7.00 to $9.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Grupo Televisa currently has a consensus rating of "Hold" and a consensus target price of $4.70.

Institutional Trading of Grupo Televisa

Hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC raised its stake in Grupo Televisa by 109.2% during the 4th quarter. Millennium Management LLC now owns 356,624 shares of the company's stock worth $599,000 after buying an additional 186,165 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in Grupo Televisa in the 4th quarter worth $213,000. Marshall Wace LLP acquired a new position in Grupo Televisa in the 4th quarter worth $394,000. Northern Trust Corp boosted its stake in Grupo Televisa by 57.9% in the 4th quarter. Northern Trust Corp now owns 64,512 shares of the company's stock worth $108,000 after purchasing an additional 23,648 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in Grupo Televisa by 3,312.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 31,053 shares of the company's stock worth $52,000 after purchasing an additional 30,143 shares during the period. Institutional investors and hedge funds own 55.77% of the company's stock.

Grupo Televisa Stock Performance

The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of -3.54, a price-to-earnings-growth ratio of 1.56 and a beta of 1.97. The company has a current ratio of 2.35, a quick ratio of 2.33 and a debt-to-equity ratio of 0.03. The stock's 50 day moving average is $2.36 and its two-hundred day moving average is $2.06.

Grupo Televisa (NYSE:TV - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $0.05 earnings per share (EPS) 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 firm had revenue of $787.59 million for the quarter, compared to analyst estimates of $14.96 billion. Analysts expect that Grupo Televisa S.A. will post -0.07 earnings per share for the current fiscal year.

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.

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