Grupo Televisa, S.A.B.’s (TV) “Equal Weight” Rating Reaffirmed at Morgan Stanley

by · The Cerbat Gem

Morgan Stanley reissued their equal weight rating on shares of Grupo Televisa, S.A.B. (NYSE:TV – Free Report) in a report released on Friday morning, Marketbeat reports. Morgan Stanley currently has a $4.00 target price on the stock, down from their prior target price of $7.00.

Other equities analysts also recently issued reports about the stock. Benchmark reaffirmed a buy rating and set a $12.00 price objective on shares of Grupo Televisa, S.A.B. in a report on Friday, October 13th. UBS Group cut their price target on shares of Grupo Televisa, S.A.B. from $6.00 to $3.40 and set a neutral rating on the stock in a report on Wednesday, October 4th. Bank of America upgraded shares of Grupo Televisa, S.A.B. from a neutral rating to a buy rating and cut their price target for the stock from $5.00 to $4.70 in a report on Thursday, October 5th. Jefferies Financial Group assumed coverage on Grupo Televisa, S.A.B. in a research note on Tuesday, September 19th. They issued a hold rating on the stock. Finally, TheStreet downgraded Grupo Televisa, S.A.B. from a c- rating to a d+ rating in a research note on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $6.02.

Get Our Latest Research Report on Grupo Televisa, S.A.B.

Grupo Televisa, S.A.B. Price Performance

TV stock opened at $3.08 on Friday. The company has a market capitalization of $1.74 billion, a P/E ratio of -2.20 and a beta of 1.73. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.65 and a current ratio of 1.69. Grupo Televisa, S.A.B. has a 52-week low of $2.10 and a 52-week high of $6.57. The business has a 50-day simple moving average of $2.94 and a two-hundred day simple moving average of $3.67.

Grupo Televisa, S.A.B. (NYSE:TV – Get Free Report) last announced its earnings results on Friday, October 27th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.12). The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Grupo Televisa, S.A.B. had a negative net margin of 19.27% and a negative return on equity of 10.26%. Research analysts expect that Grupo Televisa, S.A.B. will post -0.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP purchased a new position in shares of Grupo Televisa, S.A.B. during the 2nd quarter valued at $25,000. Moors & Cabot Inc. purchased a new stake in Grupo Televisa, S.A.B. during the third quarter valued at about $31,000. First Trust Direct Indexing L.P. purchased a new stake in Grupo Televisa, S.A.B. during the third quarter valued at about $32,000. PNC Financial Services Group Inc. lifted its holdings in Grupo Televisa, S.A.B. by 181.1% during the second quarter. PNC Financial Services Group Inc. now owns 6,409 shares of the company’s stock valued at $33,000 after purchasing an additional 4,129 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Grupo Televisa, S.A.B. during the 3rd quarter valued at approximately $48,000. 37.47% of the stock is currently owned by hedge funds and other institutional investors.

About Grupo Televisa, S.A.B.

(Get Free Report)

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.

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