Grupo Televisa SAB (TV) Upgraded to “Hold” at ValuEngine
Grupo Televisa SAB (NYSE:TV) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Friday.
A number of other brokerages have also recently issued reports on TV. BidaskClub cut shares of Grupo Televisa SAB from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Morgan Stanley cut shares of Grupo Televisa SAB from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $29.00 to $28.00 in a report on Thursday, August 10th. J P Morgan Chase & Co restated a “neutral” rating and set a $26.00 price objective (up previously from $23.00) on shares of Grupo Televisa SAB in a report on Monday, June 5th. Zacks Investment Research upgraded shares of Grupo Televisa SAB from a “sell” rating to a “hold” rating in a report on Thursday, June 8th. Finally, Credit Suisse Group set a $27.00 price objective on shares of Grupo Televisa SAB and gave the company a “hold” rating in a report on Saturday, July 1st. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $26.50.
Shares of Grupo Televisa SAB (NYSE TV) traded down 0.97% during midday trading on Friday, hitting $25.58. 801,565 shares of the company traded hands. The stock has a market capitalization of $63.41 billion, a P/E ratio of 315.80 and a beta of 1.31. The stock’s 50-day moving average is $26.17 and its 200 day moving average is $25.36. Grupo Televisa SAB has a 12-month low of $19.69 and a 12-month high of $27.88.
Grupo Televisa SAB (NYSE:TV) last issued its quarterly earnings data on Monday, July 10th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.01. The firm had revenue of $1.25 billion during the quarter. Grupo Televisa SAB had a net margin of 4.69% and a return on equity of 4.62%. On average, analysts expect that Grupo Televisa SAB will post $0.63 earnings per share for the current year.
ILLEGAL ACTIVITY NOTICE: “Grupo Televisa SAB (TV) Upgraded to “Hold” at ValuEngine” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/09/01/grupo-televisa-sab-tv-upgraded-to-hold-at-valuengine.html.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quantbot Technologies LP bought a new position in shares of Grupo Televisa SAB during the first quarter worth $158,000. Wetherby Asset Management Inc. bought a new position in shares of Grupo Televisa SAB during the first quarter worth $215,000. D.A. Davidson & CO. raised its position in shares of Grupo Televisa SAB by 14.8% in the second quarter. D.A. Davidson & CO. now owns 9,900 shares of the company’s stock worth $241,000 after buying an additional 1,277 shares during the last quarter. High Pointe Capital Management LLC raised its position in shares of Grupo Televisa SAB by 6.4% in the second quarter. High Pointe Capital Management LLC now owns 10,370 shares of the company’s stock worth $253,000 after buying an additional 620 shares during the last quarter. Finally, HAP Trading LLC raised its position in shares of Grupo Televisa SAB by 22.8% in the second quarter. HAP Trading LLC now owns 13,558 shares of the company’s stock worth $330,000 after buying an additional 2,519 shares during the last quarter. 58.30% of the stock is currently owned by hedge funds and other institutional investors.
Grupo Televisa SAB 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.
Receive News & Stock Ratings for Grupo Televisa SAB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Televisa SAB and related stocks with our FREE daily email newsletter.