Grupo Televisa, S.A.B. (NYSE:TV) Given New $2.40 Price Target at UBS Group

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) had its price objective cut by analysts at UBS Group from $2.50 to $2.40 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. UBS Group's target price would indicate a potential upside of 8.35% from the stock's previous close.

Other analysts have also issued research reports about the company. Benchmark reiterated a "buy" rating and set a $7.00 price objective (down previously from $8.00) on shares of Grupo Televisa, S.A.B. in a report on Wednesday, March 5th. The Goldman Sachs Group upped their target price on Grupo Televisa, S.A.B. from $1.80 to $2.20 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Finally, Wall Street Zen downgraded Grupo Televisa, S.A.B. from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Grupo Televisa, S.A.B. has a consensus rating of "Hold" and an average target price of $3.87.

Grupo Televisa, S.A.B. Stock Up 1.6%

NYSE TV traded up $0.04 during trading on Monday, reaching $2.22. 124,235 shares of the company's stock traded hands, compared to its average volume of 1,963,850. Grupo Televisa, S.A.B. has a 12-month low of $1.55 and a 12-month high of $2.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 2.41. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of -3.03 and a beta of 1.91. The company's 50 day simple moving average is $1.91 and its two-hundred day simple moving average is $1.88.

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of ($0.06) by $0.09. Grupo Televisa, S.A.B. had a negative net margin of 11.69% and a negative return on equity of 5.73%. The business had revenue of $763.42 million for the quarter, compared to analysts' expectations of $15.33 billion. As a group, sell-side analysts forecast that Grupo Televisa, S.A.B. will post -0.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TV. Signaturefd LLC raised its stake in shares of Grupo Televisa, S.A.B. by 72.7% during the 1st 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 last quarter. EntryPoint Capital LLC raised its position in Grupo Televisa, S.A.B. by 6.9% during the first quarter. EntryPoint Capital LLC now owns 137,851 shares of the company's stock valued at $241,000 after acquiring an additional 8,953 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. lifted its holdings in Grupo Televisa, S.A.B. by 2.8% in the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 395,950 shares of the company's stock valued at $693,000 after acquiring an additional 10,875 shares during the period. Vident Advisory LLC increased its holdings in shares of Grupo Televisa, S.A.B. by 114.8% during the 1st quarter. Vident Advisory LLC now owns 28,762 shares of the company's stock valued at $50,000 after purchasing an additional 15,374 shares in the last quarter. Finally, R Squared Ltd boosted its holdings in Grupo Televisa, S.A.B. by 405.9% during the first quarter. R Squared Ltd now owns 21,400 shares of the company's stock worth $37,000 after buying an additional 17,170 shares in the last quarter. 55.77% of the stock is currently owned by institutional investors and hedge funds.

Grupo Televisa, S.A.B. 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.

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