Grupo Televisa's (TV) "Sell (D-)" Rating Reiterated at Weiss Ratings

Key Points

• Weiss Ratings has reiterated a "sell (D-)" rating for Grupo Televisa, while other analysts have given mixed reviews, with some issuing "buy" and "hold" ratings and adjustments to price targets.
• Grupo Televisa's stock has decreased by 2.0% recently, trading at $2.47, with a market cap of $1.37 billion and a 1-year price range between $1.55 and $2.97.
• Hedge funds have increased their stakes in Grupo Televisa, with JPMorgan Chase & Co. raising its stake by 52.0% to hold over 21 million shares, indicating continued institutional interest in the company.

Grupo Televisa (NYSE:TV - Get Free Report)'s stock had its "sell (d-)" rating restated by investment analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Several other analysts also recently issued reports on the stock. Benchmark increased their price objective on shares of Grupo Televisa from $7.00 to $9.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Zacks Research downgraded Grupo Televisa from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. The Goldman Sachs Group downgraded Grupo Televisa from a "buy" rating to a "neutral" rating and set a $2.60 price target for the company. in a report on Friday, August 8th. JPMorgan Chase & Co. raised Grupo Televisa from a "neutral" rating to an "overweight" rating in a report on Wednesday, August 27th. Finally, UBS Group increased their price target on Grupo Televisa from $2.40 to $2.50 and gave the company a "neutral" rating in a report on Tuesday, July 29th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $4.70.

Grupo Televisa Stock Down 2.0%

NYSE:TV traded down $0.05 during trading hours on Wednesday, hitting $2.47. The stock had a trading volume of 664,042 shares, compared to its average volume of 1,936,869. The company has a current ratio of 2.35, a quick ratio of 2.33 and a debt-to-equity ratio of 0.03. Grupo Televisa has a 1-year low of $1.55 and a 1-year high of $2.97. The business has a 50 day simple moving average of $2.64 and a two-hundred day simple moving average of $2.23. The company has a market cap of $1.37 billion, a PE ratio of -3.29, a price-to-earnings-growth ratio of 0.57 and a beta of 1.99.

Grupo Televisa (NYSE:TV - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.06. Grupo Televisa had a negative net margin of 13.56% and a negative return on equity of 6.95%. The company had revenue of $787.59 million during the quarter, compared to the consensus estimate of $14.96 billion. Analysts predict that Grupo Televisa will post -0.07 EPS for the current year.

Hedge Funds Weigh In On Grupo Televisa

Several hedge funds have recently modified their holdings of TV. JPMorgan Chase & Co. raised its stake in shares of Grupo Televisa by 52.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 21,059,394 shares of the company's stock worth $46,120,000 after buying an additional 7,204,072 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in shares of Grupo Televisa by 3.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 18,551,819 shares of the company's stock worth $40,628,000 after buying an additional 605,393 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Grupo Televisa by 32.9% in the 2nd quarter. Acadian Asset Management LLC now owns 10,222,182 shares of the company's stock worth $22,376,000 after buying an additional 2,533,311 shares in the last quarter. Gabelli Funds LLC raised its stake in shares of Grupo Televisa by 4.3% in the 1st quarter. Gabelli Funds LLC now owns 7,090,600 shares of the company's stock worth $12,409,000 after buying an additional 294,300 shares in the last quarter. Finally, GFS Advisors LLC bought a new stake in shares of Grupo Televisa in the 2nd quarter worth $4,692,000. 55.77% of the stock is currently owned by institutional investors and hedge funds.

About Grupo Televisa

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.