StockNews.com Upgrades Grupo Televisa, S.A.B. (NYSE:TV) to "Buy"

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 report released on Monday morning.

TV has been the subject of several other reports. Benchmark restated a "buy" rating and issued a $7.00 target price (down from $8.00) on shares of Grupo Televisa, S.A.B. in a research note on Wednesday, March 5th. The Goldman Sachs Group reduced their target price on Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a "buy" rating for the company in a research note on Tuesday, January 28th.

Grupo Televisa, S.A.B. Trading Down 0.7%

Shares of TV stock traded down $0.02 during mid-day trading on Monday, hitting $2.02. The company's stock had a trading volume of 1,066,869 shares, compared to its average volume of 1,903,309. The company's fifty day simple moving average is $1.79 and its 200-day simple moving average is $1.91. Grupo Televisa, S.A.B. has a 52 week low of $1.55 and a 52 week high of $3.43. 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 company has a market cap of $1.12 billion, a PE ratio of -2.76 and a beta of 1.92.

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.09. The firm had revenue of $763.42 million during the quarter, compared to analyst estimates of $15.33 billion. Grupo Televisa, S.A.B. had a negative return on equity of 5.73% and a negative net margin of 11.69%. As a group, equities research analysts expect that Grupo Televisa, S.A.B. will post -0.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Grupo Televisa, S.A.B.

A number of hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC boosted its stake in shares of Grupo Televisa, S.A.B. by 72.7% in the 1st quarter. Signaturefd LLC now owns 16,085 shares of the company's stock worth $28,000 after buying an additional 6,770 shares during the last quarter. EntryPoint Capital LLC boosted its stake in shares of Grupo Televisa, S.A.B. by 6.9% in the 1st quarter. EntryPoint Capital LLC now owns 137,851 shares of the company's stock worth $241,000 after buying an additional 8,953 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. boosted its stake in shares of Grupo Televisa, S.A.B. by 2.8% in the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 395,950 shares of the company's stock worth $693,000 after buying an additional 10,875 shares during the last quarter. Vident Advisory LLC boosted its stake 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 buying an additional 15,374 shares during the last quarter. Finally, 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 worth $37,000 after buying an additional 17,170 shares during the last quarter. Institutional investors and hedge funds own 55.77% of the company's stock.

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.