Grupo Televisa, S.A.B. (NYSE:TV) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Grupo Televisa, S.A.B. (NYSE:TV - Free Report) from a hold rating to a buy rating in a research note released on Monday.

TV has been the subject of several other research reports. Benchmark reissued a "buy" rating and issued 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 cut their price objective on shares of Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a "buy" rating for the company in a report on Tuesday, January 28th.

Grupo Televisa, S.A.B. Stock Performance

NYSE TV traded down $0.02 during trading hours on Monday, reaching $2.02. 1,066,869 shares of the company were exchanged, compared to its average volume of 1,898,158. The stock has a market capitalization of $1.12 billion, a P/E ratio of -2.76 and a beta of 1.92. The company has a quick ratio of 2.41, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. Grupo Televisa, S.A.B. has a 1 year low of $1.55 and a 1 year high of $3.43. The business's 50 day simple moving average is $1.79 and its 200-day simple moving average is $1.91.

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.03 EPS for the quarter, topping 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 company had revenue of $763.42 million for the quarter, compared to analysts' expectations of $15.33 billion. On average, equities research analysts expect that Grupo Televisa, S.A.B. will post -0.07 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Gamco Investors INC. ET AL increased its position in shares of Grupo Televisa, S.A.B. by 4.8% during the first quarter. Gamco Investors INC. ET AL now owns 17,946,426 shares of the company's stock valued at $31,406,000 after buying an additional 827,363 shares during the period. Discovery Capital Management LLC CT grew its position in Grupo Televisa, S.A.B. by 0.6% in the fourth quarter. Discovery Capital Management LLC CT now owns 17,536,831 shares of the company's stock worth $29,462,000 after acquiring an additional 100,100 shares in the last quarter. Gabelli Funds LLC raised its position in Grupo Televisa, S.A.B. by 4.3% during the first quarter. Gabelli Funds LLC now owns 7,090,600 shares of the company's stock valued at $12,409,000 after purchasing an additional 294,300 shares in the last quarter. GFS Advisors LLC bought a new stake in Grupo Televisa, S.A.B. during the fourth quarter worth about $3,600,000. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of Grupo Televisa, S.A.B. by 245.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,976,394 shares of the company's stock worth $3,320,000 after purchasing an additional 1,404,933 shares in the last quarter. Institutional investors own 55.77% of the company's stock.

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.