Grupo Televisa, S.A.B. (NYSE:TV) Downgraded by Bank of America to “Neutral”

Bank of America lowered shares of Grupo Televisa, S.A.B. (NYSE:TV) from a buy rating to a neutral rating in a report released on Monday, MarketBeat Ratings reports. Bank of America currently has $3.50 price target on the stock.

Other equities research analysts have also recently issued research reports about the stock. Morgan Stanley reissued an equal weight rating and set a $4.00 target price (down previously from $7.00) on shares of Grupo Televisa, S.A.B. in a research report on Friday, January 5th. StockNews.com upgraded shares of Grupo Televisa, S.A.B. from a sell rating to a hold rating in a research note on Monday, February 26th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Hold and an average target price of $5.28.

Grupo Televisa, S.A.B. Trading Down 1.7 %

Shares of TV opened at $2.85 on Monday. Grupo Televisa, S.A.B. has a 1-year low of $2.10 and a 1-year high of $5.41. The company has a 50-day moving average of $3.11 and a 200 day moving average of $2.96. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of -2.71 and a beta of 1.77. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.76 and a quick ratio of 1.73.

Grupo Televisa, S.A.B. (NYSE:TV) last announced its quarterly earnings data on Thursday, February 22nd. The company reported ($0.88) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.87). Grupo Televisa, S.A.B. had a negative net margin of 13.99% and a negative return on equity of 7.36%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the business earned ($1.27) EPS. On average, research analysts expect that Grupo Televisa, S.A.B. will post 0.05 EPS for the current year.

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

Several hedge funds and other institutional investors have recently modified their holdings of the business. AQR Capital Management LLC increased its position in Grupo Televisa, S.A.B. by 273.0% during the first quarter. AQR Capital Management LLC now owns 9,265,838 shares of the company’s stock worth $49,016,000 after purchasing an additional 6,781,893 shares during the last quarter. Levin Capital Strategies L.P. increased its position in Grupo Televisa, S.A.B. by 191.4% during the third quarter. Levin Capital Strategies L.P. now owns 5,097,894 shares of the company’s stock worth $15,549,000 after purchasing an additional 3,348,431 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Grupo Televisa, S.A.B. by 162.4% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,093,800 shares of the company’s stock valued at $10,333,000 after acquiring an additional 1,914,800 shares during the last quarter. Gamco Investors INC. ET AL increased its position in shares of Grupo Televisa, S.A.B. by 18.8% during the fourth quarter. Gamco Investors INC. ET AL now owns 11,633,903 shares of the company’s stock valued at $38,857,000 after acquiring an additional 1,838,425 shares during the last quarter. Finally, Marshall Wace LLP increased its position in shares of Grupo Televisa, S.A.B. by 232.1% during the fourth quarter. Marshall Wace LLP now owns 2,439,107 shares of the company’s stock valued at $11,122,000 after acquiring an additional 1,704,594 shares during the last quarter. 55.77% of the stock is owned by hedge funds and other institutional investors.

Grupo Televisa, S.A.B. Company Profile

Grupo Televisa, SAB. operates as a media company in the Spanish-speaking Mexico and internationally. 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 services, as well as sales 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.