Bank of America Lowers Grupo Televisa, S.A.B. (NYSE:TV) to Neutral

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) was downgraded by equities researchers at Bank of America from a "buy" rating to a "neutral" rating in a research note issued on Monday, MarketBeat Ratings reports. They presently have a $3.50 price target on the stock. Bank of America's price target would suggest a potential upside of 10.76% from the stock's current price.

Several other equities analysts also recently issued reports on the stock. StockNews.com upgraded shares of Grupo Televisa, S.A.B. from a "sell" rating to a "hold" rating in a report on Monday, February 26th. Morgan Stanley reiterated an "equal weight" rating and issued a $4.00 price target (down previously from $7.00) on shares of Grupo Televisa, S.A.B. in a report on Friday, January 5th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Grupo Televisa, S.A.B. has a consensus rating of "Hold" and an average price target of $5.28.

Grupo Televisa, S.A.B. Stock Down 2.2 %

Shares of TV traded down $0.07 during mid-day trading on Monday, hitting $3.16. 962,652 shares of the company traded hands, compared to its average volume of 1,635,469. Grupo Televisa, S.A.B. has a 1-year low of $2.10 and a 1-year high of $5.41. The company has a quick ratio of 1.73, a current ratio of 1.76 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $1.75 billion, a PE ratio of -3.01 and a beta of 1.77. The business has a 50 day moving average of $3.12 and a 200 day moving average of $2.96.

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported ($0.88) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.87). Grupo Televisa, S.A.B. had a negative net margin of 13.99% and a negative return on equity of 7.36%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the company earned ($1.27) EPS. Equities research analysts anticipate that Grupo Televisa, S.A.B. will post 0.1 EPS for the current year.

Institutional Investors Weigh In On Grupo Televisa, S.A.B.

A number of hedge funds and other institutional investors have recently made changes to their positions in TV. AQR Capital Management LLC grew its stake in shares of Grupo Televisa, S.A.B. by 273.0% during the 1st quarter. AQR Capital Management LLC now owns 9,265,838 shares of the company's stock worth $49,016,000 after purchasing an additional 6,781,893 shares during the period. Levin Capital Strategies L.P. lifted its position in shares of Grupo Televisa, S.A.B. by 191.4% during the 3rd quarter. Levin Capital Strategies L.P. now owns 5,097,894 shares of the company's stock valued at $15,549,000 after buying an additional 3,348,431 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Grupo Televisa, S.A.B. by 162.4% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,093,800 shares of the company's stock valued at $10,333,000 after buying an additional 1,914,800 shares in the last quarter. Gamco Investors INC. ET AL lifted its position in shares of Grupo Televisa, S.A.B. by 18.8% during the 4th quarter. Gamco Investors INC. ET AL now owns 11,633,903 shares of the company's stock valued at $38,857,000 after buying an additional 1,838,425 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Grupo Televisa, S.A.B. by 232.1% during the 4th quarter. Marshall Wace LLP now owns 2,439,107 shares of the company's stock valued at $11,122,000 after buying an additional 1,704,594 shares in 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. operates as a media company in the Spanish-speaking Mexico and internationally. 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 services, as well as sales 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.