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

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Thursday.

Other equities analysts also recently 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 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. Stock Performance

Grupo Televisa, S.A.B. stock traded up $0.02 during midday trading on Thursday, hitting $2.04. 609,357 shares of the company were exchanged, compared to its average volume of 1,928,320. The firm has a market capitalization of $1.13 billion, a PE ratio of -2.79 and a beta of 1.92. Grupo Televisa, S.A.B. has a fifty-two week low of $1.55 and a fifty-two week high of $3.37. The business has a fifty day simple moving average of $1.82 and a two-hundred day simple moving average of $1.89. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.41 and a current ratio of 2.43.

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.09. The firm had revenue of $763.42 million for 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%. On average, sell-side analysts forecast that Grupo Televisa, S.A.B. will post -0.07 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TV. Signaturefd LLC lifted its holdings in 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 buying an additional 6,770 shares during the last quarter. EntryPoint Capital LLC lifted its holdings in Grupo Televisa, S.A.B. by 6.9% during 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. lifted its holdings in Grupo Televisa, S.A.B. by 2.8% during 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 lifted its holdings in 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 worth $50,000 after buying an additional 15,374 shares during the last quarter. Finally, R Squared Ltd lifted its holdings in Grupo Televisa, S.A.B. by 405.9% during 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. 55.77% of the stock is 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.