Grupo Televisa, S.A.B. (NYSE:TV) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of Grupo Televisa, S.A.B. (NYSE:TV - Free Report) from a buy rating to a hold rating in a report released on Friday morning.

Other equities research analysts have also recently issued reports about the company. Benchmark reissued a "buy" rating and issued a $7.00 price objective (down from $8.00) on shares of Grupo Televisa, S.A.B. in a research report on Wednesday, March 5th. The Goldman Sachs Group lifted their price objective on Grupo Televisa, S.A.B. from $1.80 to $2.20 and gave the stock a "buy" rating in a research report on Wednesday, May 21st.

Grupo Televisa, S.A.B. Price Performance

NYSE TV traded down $0.01 on Friday, reaching $1.97. The company's stock had a trading volume of 1,100,413 shares, compared to its average volume of 1,945,910. The firm's 50 day moving average is $1.85 and its two-hundred day moving average is $1.88. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.41 and a current ratio of 2.43. The stock has a market cap of $1.09 billion, a PE ratio of -2.69 and a beta of 1.92. Grupo Televisa, S.A.B. has a twelve month low of $1.55 and a twelve month high of $3.14.

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) last issued its 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 return on equity of 5.73% and a negative net margin of 11.69%. The company had revenue of $763.42 million for the quarter, compared to the consensus estimate of $15.33 billion. As a group, sell-side analysts predict that Grupo Televisa, S.A.B. will post -0.07 EPS for the current year.

Grupo Televisa, S.A.B. Cuts Dividend

The firm also recently disclosed an annual dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 30th will be given a $0.0908 dividend. This represents a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, May 30th. Grupo Televisa, S.A.B.'s dividend payout ratio is presently -10.00%.

Institutional Trading of Grupo Televisa, S.A.B.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TV. Signaturefd LLC raised its position in shares of Grupo Televisa, S.A.B. by 72.7% in the first quarter. Signaturefd LLC now owns 16,085 shares of the company's stock valued at $28,000 after purchasing an additional 6,770 shares during the period. R Squared Ltd boosted its stake in shares of Grupo Televisa, S.A.B. by 405.9% in the 1st quarter. R Squared Ltd now owns 21,400 shares of the company's stock valued at $37,000 after purchasing an additional 17,170 shares in the last quarter. PEAK6 LLC acquired a new stake in Grupo Televisa, S.A.B. during the 4th quarter worth approximately $41,000. Russell Investments Group Ltd. acquired a new position in shares of Grupo Televisa, S.A.B. in the 4th quarter worth approximately $47,000. Finally, Vident Advisory LLC lifted its position in shares of Grupo Televisa, S.A.B. 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 owned by institutional investors.

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.