Grupo Televisa (NYSE:TV) Given New $2.50 Price Target at UBS Group

Key Points

• UBS Group has raised its price target for Grupo Televisa from $2.40 to $2.50, maintaining a "neutral" rating for the stock, which indicates a potential downside of 0.99% from its current price.
• Benchmark upgraded their target for Grupo Televisa shares significantly from $7.00 to $9.00 while assigning a "buy" rating, while Wall Street Zen downgraded the stock to a "hold" rating.
• Grupo Televisa reported earnings of $0.05 per share for the most recent quarter, exceeding analysts' expectations, although it had a negative net margin of 13.56%.

Grupo Televisa (NYSE:TV - Free Report) had its target price boosted by UBS Group from $2.40 to $2.50 in a research report released on Tuesday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Other equities research analysts have also issued reports about the stock. Wall Street Zen lowered shares of Grupo Televisa from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. The Goldman Sachs Group increased their target price on shares of Grupo Televisa from $1.80 to $2.20 and gave the company a "buy" rating in a report on Wednesday, May 21st. Finally, Benchmark lifted their price target on shares of Grupo Televisa from $7.00 to $9.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $4.57.

Grupo Televisa Stock Performance

Shares of NYSE:TV traded up $0.31 during midday trading on Tuesday, hitting $2.81. The stock had a trading volume of 4,991,763 shares, compared to its average volume of 1,558,881. Grupo Televisa has a 1 year low of $1.55 and a 1 year high of $2.82. The company has a current ratio of 2.35, a quick ratio of 2.33 and a debt-to-equity ratio of 0.79. The stock has a 50 day moving average price of $2.20 and a two-hundred day moving average price of $1.98. The company has a market capitalization of $1.56 billion, a PE ratio of -3.75, a P/E/G ratio of 1.57 and a beta of 1.94.

Grupo Televisa (NYSE:TV - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.06. The company had revenue of $787.59 million for 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%. As a group, equities analysts predict that Grupo Televisa will post -0.07 earnings per share for the current fiscal year.

Grupo Televisa Cuts Dividend

The firm also recently announced an annual dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 30th were given a dividend of $0.0908 per share. This represents a yield of 3.9%. The ex-dividend date of this dividend was Friday, May 30th. Grupo Televisa's payout ratio is currently -10.67%.

Institutional Trading of Grupo Televisa

Large investors have recently modified their holdings of the business. Signaturefd LLC lifted its stake in shares of Grupo Televisa by 72.7% during the first quarter. Signaturefd LLC now owns 16,085 shares of the company's stock valued at $28,000 after buying an additional 6,770 shares during the period. R Squared Ltd raised its holdings in 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 acquiring an additional 17,170 shares during the last quarter. PEAK6 LLC purchased a new position in shares of Grupo Televisa during the 4th quarter worth $41,000. Russell Investments Group Ltd. acquired a new stake in shares of Grupo Televisa during the fourth quarter worth $47,000. Finally, Vident Advisory LLC boosted its holdings in shares of Grupo Televisa by 114.8% during the first quarter. Vident Advisory LLC now owns 28,762 shares of the company's stock worth $50,000 after purchasing an additional 15,374 shares during the last quarter. 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.