Shares of Grupo Televisa SAB (NYSE:TV) have received a consensus recommendation of “Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $20.00.
A number of research firms recently weighed in on TV. Zacks Investment Research downgraded shares of Grupo Televisa SAB from a “hold” rating to a “sell” rating in a research report on Saturday, April 13th. Citigroup raised shares of Grupo Televisa SAB from a “neutral” rating to a “buy” rating in a research report on Thursday, January 31st. Scotiabank raised shares of Grupo Televisa SAB from an “underperform” rating to a “sector perform” rating and decreased their target price for the company from $14.00 to $13.00 in a research report on Wednesday, January 23rd. UBS Group raised shares of Grupo Televisa SAB from a “market perform” rating to an “outperform” rating in a research report on Wednesday, December 26th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Grupo Televisa SAB from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, March 18th.
Institutional investors and hedge funds have recently made changes to their positions in the company. Rehmann Capital Advisory Group grew its position in shares of Grupo Televisa SAB by 944.7% in the 3rd quarter. Rehmann Capital Advisory Group now owns 1,473 shares of the company’s stock valued at $26,000 after acquiring an additional 1,332 shares during the period. Quantamental Technologies LLC bought a new position in shares of Grupo Televisa SAB in the 4th quarter valued at about $57,000. Oppenheimer Asset Management Inc. bought a new position in shares of Grupo Televisa SAB in the 4th quarter valued at about $91,000. Geode Capital Management LLC bought a new position in shares of Grupo Televisa SAB in the 4th quarter valued at about $142,000. Finally, Regal Investment Advisors LLC bought a new position in shares of Grupo Televisa SAB in the 4th quarter valued at about $157,000. 49.85% of the stock is owned by institutional investors.
Grupo Televisa SAB (NYSE:TV) last issued its quarterly earnings data on Thursday, February 21st. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.13). Grupo Televisa SAB had a return on equity of 5.74% and a net margin of 5.94%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. Research analysts predict that Grupo Televisa SAB will post 0.57 earnings per share for the current fiscal year.
Grupo Televisa SAB Company Profile
Grupo Televisa, SAB. operates as a media company in the Spanish-speaking world. The company operates through four segments: Content, Sky, Cable, and Other Businesses. The Content segment produces television programming and broadcasts Channels 2, 4, 5, and 9; sells advertising time on programs; provides Internet services; and produces television programming and broadcasting for local television stations in Mexico and the United States.
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