UBS Group Raises Grupo Televisa (NYSE:TV) Price Target to $2.50

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 price objective boosted by UBS Group from $2.40 to $2.50 in a research report released on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts have also issued reports on the stock. Wall Street Zen lowered shares of Grupo Televisa from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Benchmark lifted their target price on shares of Grupo Televisa from $7.00 to $9.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Finally, The Goldman Sachs Group boosted their price objective 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 given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $4.57.

Grupo Televisa Stock Down 2.9%

Grupo Televisa stock traded down $0.08 during trading hours on Tuesday, hitting $2.72. 1,842,746 shares of the stock traded hands, compared to its average volume of 1,801,778. The firm's 50-day moving average price is $2.23 and its two-hundred day moving average price is $1.99. 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 company has a market cap of $1.51 billion, a PE ratio of -3.63, a PEG ratio of 1.75 and a beta of 1.96. Grupo Televisa has a one year low of $1.55 and a one year high of $2.89.

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, 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 during the quarter, compared to analyst estimates of $14.96 billion. On average, research analysts forecast that Grupo Televisa will post -0.07 EPS for the current year.

Grupo Televisa Cuts Dividend

The company also recently disclosed an annual dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 30th were issued a $0.0908 dividend. This represents a yield of 390.0%. The ex-dividend date was Friday, May 30th. Grupo Televisa's payout ratio is presently -10.67%.

Hedge Funds Weigh In On Grupo Televisa

A number of hedge funds have recently added to or reduced their stakes in TV. Signaturefd LLC grew its position in 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 purchasing an additional 6,770 shares during the period. R Squared Ltd grew its position in Grupo Televisa by 405.9% in 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 bought a new stake in Grupo Televisa in the 4th quarter worth approximately $41,000. Russell Investments Group Ltd. bought a new stake in Grupo Televisa in the 4th quarter worth approximately $47,000. Finally, Vident Advisory LLC grew its position in 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 during the period. 55.77% of the stock is currently owned by hedge funds and other 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.