Grupo Televisa (NYSE:TV) Stock Rating Upgraded by JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has upgraded Grupo Televisa's stock rating from "neutral" to "overweight," indicating a positive outlook for the company's shares.
• In contrast to JPMorgan's upgrade, Zacks Research downgraded Grupo Televisa from a "strong-buy" to a "hold," reflecting mixed market sentiments among analysts.
• The company's recent quarterly earnings report showed an EPS of $0.05, surpassing expectations, but it still faces challenges with a negative return on equity of 6.95% and significant debt levels.

Grupo Televisa (NYSE:TV - Get Free Report) was upgraded by JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a note issued to investors on Wednesday,Finviz reports.

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

Grupo Televisa Trading Down 0.6%

Shares of Grupo Televisa stock opened at $2.48 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.35 and a quick ratio of 2.33. Grupo Televisa has a 1 year low of $1.55 and a 1 year high of $2.89. The company has a market capitalization of $1.37 billion, a P/E ratio of -3.30, a P/E/G ratio of 1.56 and a beta of 1.97. The business has a 50 day moving average price of $2.36 and a 200 day moving average price of $2.06.

Grupo Televisa (NYSE:TV - Get Free Report) last issued its quarterly earnings data 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. Grupo Televisa had a negative return on equity of 6.95% and a negative net margin of 13.56%.The firm had revenue of $787.59 million during the quarter, compared to the consensus estimate of $14.96 billion. Sell-side analysts anticipate that Grupo Televisa will post -0.07 EPS for the current fiscal year.

Institutional Trading of Grupo Televisa

Institutional investors have recently added to or reduced their stakes in the business. Signaturefd LLC boosted its position in Grupo Televisa by 72.7% during 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. Evergreen Capital Management LLC purchased a new stake in Grupo Televisa during the 2nd quarter worth $29,000. Assetmark Inc. purchased a new stake in Grupo Televisa during the 2nd quarter worth $34,000. R Squared Ltd boosted its position in 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. Finally, Vident Advisory LLC boosted its position in Grupo Televisa by 114.8% during 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 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.