Benchmark Reaffirms “Buy” Rating for Grupo Televisa, S.A.B. (NYSE:TV)

Benchmark reaffirmed their buy rating on shares of Grupo Televisa, S.A.B. (NYSE:TVFree Report) in a report published on Thursday, Benzinga reports. Benchmark currently has a $12.00 price target on the stock.

A number of other research analysts have also issued reports on the company. Bank of America lowered Grupo Televisa, S.A.B. from a buy rating to a neutral rating and set a $3.50 target price on the stock. in a research report on Monday, April 15th. StockNews.com upgraded shares of Grupo Televisa, S.A.B. from a sell rating to a hold rating in a research report on Monday, February 26th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Grupo Televisa, S.A.B. presently has a consensus rating of Hold and an average price target of $5.28.

View Our Latest Analysis on TV

Grupo Televisa, S.A.B. Stock Up 0.3 %

Shares of TV stock opened at $3.31 on Thursday. Grupo Televisa, S.A.B. has a twelve month low of $2.10 and a twelve month high of $5.41. The stock has a 50 day moving average of $3.11 and a 200 day moving average of $3.03. The company has a current ratio of 1.59, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04.

Grupo Televisa, S.A.B. (NYSE:TVGet Free Report) last posted its earnings results on Thursday, April 25th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.14. Grupo Televisa, S.A.B. had a negative net margin of 11.78% and a negative return on equity of 6.18%. The firm had revenue of $939.92 million during the quarter, compared to analyst estimates of $1.02 billion. On average, equities research analysts expect that Grupo Televisa, S.A.B. will post 0.01 EPS for the current fiscal year.

Institutional Trading of Grupo Televisa, S.A.B.

Hedge funds have recently bought and sold shares of the business. Signaturefd LLC raised its holdings in shares of 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 acquiring an additional 3,926 shares during the period. SG Americas Securities LLC raised its stake in Grupo Televisa, S.A.B. by 39.4% during the fourth quarter. SG Americas Securities LLC now owns 21,742 shares of the company’s stock worth $73,000 after purchasing an additional 6,150 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in Grupo Televisa, S.A.B. by 47.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 21,600 shares of the company’s stock valued at $66,000 after purchasing an additional 6,985 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in shares of Grupo Televisa, S.A.B. by 3.8% in the 3rd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 192,425 shares of the company’s stock valued at $587,000 after buying an additional 7,000 shares during the period. Finally, Moors & Cabot Inc. acquired a new stake in shares of Grupo Televisa, S.A.B. during the 3rd quarter worth approximately $31,000. Institutional investors and hedge funds own 55.77% of the company’s stock.

About Grupo Televisa, S.A.B.

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Grupo Televisa, S.A.B. (NYSE:TV)

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