Grupo Televisa S.A. (TV) Receives Consensus Recommendation of “Hold” from Analysts
Grupo Televisa S.A. (NYSE:TV) has earned an average recommendation of “Hold” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $27.00.
Several analysts recently commented on the stock. BidaskClub cut shares of Grupo Televisa from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Morgan Stanley cut shares of Grupo Televisa from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $29.00 to $28.00 in a research note on Thursday, August 10th. ValuEngine cut shares of Grupo Televisa from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. J P Morgan Chase & Co restated a “neutral” rating and set a $26.00 target price (up previously from $23.00) on shares of Grupo Televisa in a research report on Monday, June 5th. Finally, Zacks Investment Research upgraded shares of Grupo Televisa from a “sell” rating to a “hold” rating in a research report on Thursday, June 8th.
Institutional investors have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd purchased a new position in Grupo Televisa during the second quarter worth $606,000. Janus Henderson Group PLC purchased a new position in Grupo Televisa during the second quarter worth $19,706,000. Black Creek Investment Management Inc. raised its position in Grupo Televisa by 62.3% in the second quarter. Black Creek Investment Management Inc. now owns 6,431,205 shares of the company’s stock worth $156,728,000 after buying an additional 2,468,802 shares in the last quarter. Royal Bank of Canada raised its position in Grupo Televisa by 124.6% in the second quarter. Royal Bank of Canada now owns 90,829 shares of the company’s stock worth $2,214,000 after buying an additional 459,331 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Grupo Televisa by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,350,763 shares of the company’s stock worth $57,289,000 after buying an additional 38,314 shares in the last quarter. 61.16% of the stock is owned by institutional investors and hedge funds.
Shares of Grupo Televisa (TV) traded up 2.01% during midday trading on Friday, reaching $26.33. The company’s stock had a trading volume of 2,942,171 shares. The stock has a 50-day moving average of $26.16 and a 200 day moving average of $25.25. The firm has a market capitalization of $65.26 billion, a P/E ratio of 325.06 and a beta of 1.31. Grupo Televisa has a 12-month low of $19.69 and a 12-month high of $27.82.
Grupo Televisa (NYSE:TV) last announced its quarterly earnings data on Monday, July 10th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.01. Grupo Televisa had a net margin of 4.69% and a return on equity of 4.62%. The firm had revenue of $1.25 billion during the quarter. Equities research analysts predict that Grupo Televisa will post $0.63 EPS for the current fiscal year.
Grupo Televisa Company Profile
Grupo Televisa, SAB. is a media company in the international entertainment business. The Company operates in four business segments: Content, Sky, Telecommunications, and Other Businesses. It operates four broadcast channels in Mexico City and has affiliated stations throughout the country. It produces pay-television channels with national and international feeds, throughout Latin America, the United States, Canada, Europe and Asia Pacific.
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