Grupo Televisa, S.A.B. (NYSE:TV) Given Buy Rating at Benchmark

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report)'s stock had its "buy" rating reiterated by analysts at Benchmark in a report issued on Thursday, Benzinga reports. They presently have a $12.00 price objective on the stock. Benchmark's price target indicates a potential upside of 263.64% from the stock's current price.

Other equities analysts have also issued research reports about the company. StockNews.com upgraded Grupo Televisa, S.A.B. from a "sell" rating to a "hold" rating in a research note on Monday, February 26th. Bank of America cut Grupo Televisa, S.A.B. from a "buy" rating to a "neutral" rating and set a $3.50 price target for the company. in a research report on Monday, April 15th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $5.28.

Grupo Televisa, S.A.B. Stock Performance

Shares of NYSE TV traded down $0.02 during midday trading on Thursday, reaching $3.30. The company had a trading volume of 610,263 shares, compared to its average volume of 1,523,239. Grupo Televisa, S.A.B. has a 1 year low of $2.10 and a 1 year high of $5.41. The business's 50-day simple moving average is $3.10 and its 200 day simple moving average is $3.02. The company has a current ratio of 1.59, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.83 billion, a P/E ratio of -3.79 and a beta of 1.79.

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) last issued its earnings results on Thursday, February 22nd. The company reported ($0.88) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.87). The firm had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.04 billion. Grupo Televisa, S.A.B. had a negative return on equity of 6.18% and a negative net margin of 11.78%. During the same quarter last year, the business earned ($1.27) EPS. On average, analysts forecast that Grupo Televisa, S.A.B. will post 0.02 earnings per share for the current fiscal year.

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

Hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in shares of Grupo Televisa, S.A.B. in the third quarter valued at about $48,000. Signaturefd LLC increased its stake in Grupo Televisa, S.A.B. by 20.7% during the 3rd quarter. Signaturefd LLC now owns 22,889 shares of the company's stock worth $70,000 after buying an additional 3,926 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Grupo Televisa, S.A.B. by 35.5% during the third quarter. Assenagon Asset Management S.A. now owns 616,111 shares of the company's stock valued at $1,879,000 after acquiring an additional 161,252 shares during the last quarter. Moors & Cabot Inc. purchased a new position in shares of Grupo Televisa, S.A.B. in the third quarter valued at approximately $31,000. Finally, Gamco Investors INC. ET AL boosted its stake in shares of Grupo Televisa, S.A.B. by 11.1% in the third quarter. Gamco Investors INC. ET AL now owns 9,795,478 shares of the company's stock worth $29,876,000 after acquiring an additional 979,481 shares during the last quarter. Hedge funds and other institutional investors 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.