StockNews.com Upgrades Grupo Televisa, S.A.B. (NYSE:TV) to “Buy”

Grupo Televisa, S.A.B. (NYSE:TV) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

Other research analysts also recently issued research reports about the company. The Goldman Sachs Group lowered their target price on Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Benchmark reissued a “buy” rating and issued a $7.00 target price (down previously from $8.00) on shares of Grupo Televisa, S.A.B. in a report on Wednesday, March 5th.

Grupo Televisa, S.A.B. Trading Up 1.9%

Shares of NYSE:TV opened at $1.84 on Monday. Grupo Televisa, S.A.B. has a 1 year low of $1.55 and a 1 year high of $3.43. The stock’s fifty day moving average price is $1.79 and its 200-day moving average price is $1.91. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 2.41. The company has a market cap of $1.02 billion, a P/E ratio of -2.51 and a beta of 1.92.

Grupo Televisa, S.A.B. (NYSE:TV) last posted its earnings results on Wednesday, April 30th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. Grupo Televisa, S.A.B. had a negative return on equity of 5.73% and a negative net margin of 11.69%. The company had revenue of $763.42 million for the quarter, compared to the consensus estimate of $15.33 billion. Sell-side analysts expect that Grupo Televisa, S.A.B. will post -0.07 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TV. Signaturefd LLC raised its stake in shares of Grupo Televisa, S.A.B. by 72.7% in the first 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 period. R Squared Ltd raised its stake in shares of Grupo Televisa, S.A.B. by 405.9% in the first 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 period. PEAK6 LLC bought a new position in shares of Grupo Televisa, S.A.B. in the fourth quarter worth about $41,000. Russell Investments Group Ltd. bought a new position in shares of Grupo Televisa, S.A.B. in the fourth quarter worth about $47,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Grupo Televisa, S.A.B. by 3,312.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 31,053 shares of the company’s stock worth $52,000 after buying an additional 30,143 shares during the period. 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.