Grupo Televisa SAB (TV) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of Grupo Televisa SAB (NYSE:TV) from a hold rating to a sell rating in a research note issued to investors on Saturday, Zacks.com reports.

According to Zacks, “Grupo Televisa, S.A, is the largest media company in the Spanish-speaking world, and a major player in the international entertainment business. They have interests in Television production, broadcasting, international distribution of television programming, direct-to-home satellite services, publishing, music recording, radio production and broadcasting, cable television, professional sports and show business promotions, paging services, feature film production and distribution and dubbing. “

TV has been the topic of a number of other research reports. Credit Suisse Group set a $27.00 price target on Grupo Televisa SAB and gave the company a hold rating in a research report on Thursday, December 20th. JPMorgan Chase & Co. reduced their price target on Grupo Televisa SAB from $17.00 to $15.00 and set an overweight rating on the stock in a research report on Monday, March 18th. Scotiabank raised Grupo Televisa SAB from an underperform rating to a sector perform rating and reduced their price target for the company from $14.00 to $13.00 in a research report on Wednesday, January 23rd. Santander raised Grupo Televisa SAB from a hold rating to a buy rating in a research report on Friday, December 21st. Finally, Citigroup raised Grupo Televisa SAB from a neutral rating to a buy rating in a research report on Thursday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. Grupo Televisa SAB has an average rating of Buy and an average price target of $20.00.

TV opened at $10.47 on Friday. Grupo Televisa SAB has a 12-month low of $10.18 and a 12-month high of $21.41. The company has a current ratio of 1.47, a quick ratio of 1.45 and a debt-to-equity ratio of 1.21. The stock has a market cap of $6.11 billion, a P/E ratio of 19.39, a PEG ratio of 0.58 and a beta of 1.11.

Grupo Televisa SAB (NYSE:TV) last posted its earnings results on Thursday, February 21st. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. Equities analysts forecast that Grupo Televisa SAB will post 0.57 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its position in shares of Grupo Televisa SAB by 63.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,010,593 shares of the company’s stock worth $88,888,000 after acquiring an additional 1,941,037 shares in the last quarter. BlackRock Inc. raised its position in shares of Grupo Televisa SAB by 214.7% during the 3rd quarter. BlackRock Inc. now owns 1,175,586 shares of the company’s stock worth $20,856,000 after acquiring an additional 801,978 shares in the last quarter. FMR LLC raised its position in shares of Grupo Televisa SAB by 12.0% during the 3rd quarter. FMR LLC now owns 899,223 shares of the company’s stock worth $15,952,000 after acquiring an additional 96,673 shares in the last quarter. Panagora Asset Management Inc. raised its position in shares of Grupo Televisa SAB by 21.3% during the 3rd quarter. Panagora Asset Management Inc. now owns 88,239 shares of the company’s stock worth $1,565,000 after acquiring an additional 15,467 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Grupo Televisa SAB by 13.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,898,081 shares of the company’s stock worth $51,423,000 after acquiring an additional 338,467 shares in the last quarter. 49.85% of the stock is currently owned by institutional investors.

About Grupo Televisa SAB

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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