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

Wall Street Zen downgraded shares of Grupo Televisa, S.A.B. (NYSE:TV - Free Report) from a buy rating to a hold rating in a research note published on Friday.

Several other brokerages have also issued reports on TV. Benchmark reiterated a "buy" rating and issued a $7.00 price target (down from $8.00) on shares of Grupo Televisa, S.A.B. in a research note on Wednesday, March 5th. The Goldman Sachs Group boosted their price objective on shares of Grupo Televisa, S.A.B. from $1.80 to $2.20 and gave the stock a "buy" rating in a research note on Wednesday, May 21st.

Grupo Televisa, S.A.B. Stock Down 4.0%

TV stock traded down $0.08 during midday trading on Friday, hitting $1.91. The company's stock had a trading volume of 3,496,419 shares, compared to its average volume of 1,954,389. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 2.41. Grupo Televisa, S.A.B. has a twelve month low of $1.55 and a twelve month high of $3.37. The company's fifty day moving average price is $1.84 and its 200 day moving average price is $1.88. The stock has a market capitalization of $1.06 billion, a P/E ratio of -2.62 and a beta of 1.92.

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $763.42 million for the quarter, compared to analyst estimates of $15.33 billion. As a group, equities research 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 company also recently disclosed an annual dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.0908 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a dividend yield of 3.9%. Grupo Televisa, S.A.B.'s dividend payout ratio is presently -10.00%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TV. Signaturefd LLC increased 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 worth $28,000 after purchasing an additional 6,770 shares during the last quarter. R Squared Ltd raised its holdings in 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 acquiring an additional 17,170 shares during the period. PEAK6 LLC bought a new position in Grupo Televisa, S.A.B. in the 4th quarter valued at about $41,000. Russell Investments Group Ltd. bought a new position in Grupo Televisa, S.A.B. in the 4th quarter valued at about $47,000. Finally, Vident Advisory LLC raised its holdings in 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 valued at $50,000 after acquiring an additional 15,374 shares during the period. 55.77% of the stock is currently owned by institutional investors and hedge funds.

About Grupo Televisa, S.A.B.

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.