Grupo Televisa S.A. (NYSE:TV) Receives Average Rating of "Hold" from Brokerages

Key Points

• Grupo Televisa S.A. has received a consensus recommendation of "Hold" from five different brokerages, with an average 12-month target price of $4.70.
• Institutional investors own 55.77% of Grupo Televisa's stock, with notable increases in holdings by firms like JPMorgan Chase & Co. and Acadian Asset Management.
• The company's recent earnings reported $0.05 earnings per share, which surpassed the consensus estimate of (-$0.01).

Shares of Grupo Televisa S.A. (NYSE:TV - Get Free Report) have received a consensus recommendation of "Hold" from the five ratings firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $4.70.

Several analysts recently weighed in on TV shares. UBS Group increased their target price on Grupo Televisa from $2.40 to $2.50 and gave the company a "neutral" rating in a research note on Tuesday, July 29th. JPMorgan Chase & Co. upgraded Grupo Televisa from a "neutral" rating to an "overweight" rating in a research note on Wednesday, August 27th. Wall Street Zen downgraded Grupo Televisa from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. The Goldman Sachs Group downgraded 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. Finally, Zacks Research downgraded Grupo Televisa from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th.

Institutional Trading of Grupo Televisa

A number of hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in shares of Grupo Televisa by 52.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 21,059,394 shares of the company's stock worth $46,120,000 after acquiring an additional 7,204,072 shares during the period. Gamco Investors INC. ET AL lifted its position in shares of Grupo Televisa by 3.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 18,551,819 shares of the company's stock worth $40,628,000 after acquiring an additional 605,393 shares during the period. Acadian Asset Management LLC lifted its position in shares of Grupo Televisa by 32.9% in the 2nd quarter. Acadian Asset Management LLC now owns 10,222,182 shares of the company's stock worth $22,376,000 after acquiring an additional 2,533,311 shares during the period. Gabelli Funds LLC lifted its position in shares of Grupo Televisa by 4.3% in the 1st quarter. Gabelli Funds LLC now owns 7,090,600 shares of the company's stock worth $12,409,000 after acquiring an additional 294,300 shares during the period. Finally, GFS Advisors LLC bought a new stake in shares of Grupo Televisa in the 2nd quarter worth approximately $4,692,000. Institutional investors own 55.77% of the company's stock.

Grupo Televisa Price Performance

Shares of NYSE:TV opened at $2.88 on Friday. The business has a 50 day moving average price of $2.48 and a 200 day moving average price of $2.13. Grupo Televisa has a twelve month low of $1.55 and a twelve month high of $2.97. The company has a market cap of $1.59 billion, a price-to-earnings ratio of -3.83, a PEG ratio of 2.89 and a beta of 1.97. The company has a quick ratio of 2.33, a current ratio of 2.35 and a debt-to-equity ratio of 0.03.

Grupo Televisa (NYSE:TV - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The company reported $0.05 earnings per share for the quarter, beating 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. Research analysts predict that Grupo Televisa will post -0.07 earnings per share for the current 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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