Brokerages Set Grupo Televisa S.A. (NYSE:TV) Price Target at $4.70

Key Points

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Shares of Grupo Televisa S.A. (NYSE:TV - Get Free Report) have received an average rating of "Hold" from the five ratings firms that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $4.70.

A number of brokerages have issued reports on TV. Zacks Research lowered Grupo Televisa from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Benchmark upped their target price on Grupo Televisa from $7.00 to $9.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. The Goldman Sachs Group lowered Grupo Televisa from a "buy" rating to a "neutral" rating and set a $2.60 target price on the stock. in a research report on Friday, August 8th. UBS Group upped their target price on Grupo Televisa from $2.40 to $2.50 and gave the company a "neutral" rating in a research report on Tuesday, July 29th. Finally, Wall Street Zen lowered Grupo Televisa from a "buy" rating to a "hold" rating in a research report on Friday, May 30th.

Grupo Televisa Stock Up 5.3%

Grupo Televisa stock traded up $0.1250 during midday trading on Tuesday, hitting $2.4850. 1,379,101 shares of the company were exchanged, compared to its average volume of 1,816,805. The company's fifty day moving average price is $2.35 and its 200-day moving average price is $2.05. The company has a market cap of $1.38 billion, a PE ratio of -3.31, a price-to-earnings-growth ratio of 1.56 and a beta of 1.97. 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 fifty-two week low of $1.55 and a fifty-two week high of $2.89.

Grupo Televisa (NYSE:TV - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.06. The firm had revenue of $787.59 million for the quarter, compared to analyst estimates of $14.96 billion. Grupo Televisa had a negative return on equity of 6.95% and a negative net margin of 13.56%. On average, research analysts predict that Grupo Televisa will post -0.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Grupo Televisa

Institutional investors and hedge funds have recently made changes to their positions in the company. Evergreen Capital Management LLC acquired a new stake in shares of Grupo Televisa during the 2nd quarter valued at approximately $29,000. Assetmark Inc. acquired a new stake in shares of Grupo Televisa during the 2nd quarter valued at approximately $34,000. Signaturefd LLC raised its position in shares of Grupo Televisa by 72.7% during the 1st quarter. Signaturefd LLC now owns 16,085 shares of the company's stock valued at $28,000 after acquiring an additional 6,770 shares in the last quarter. R Squared Ltd raised its position 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 valued at $37,000 after acquiring an additional 17,170 shares in the last quarter. Finally, PEAK6 LLC acquired a new stake in shares of Grupo Televisa during the 4th quarter valued at approximately $41,000. 55.77% of the stock is owned by institutional investors and hedge funds.

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.