Grupo Televisa, S.A.B. (NYSE:TV) Research Coverage Started at Jefferies Financial Group

Equities research analysts at Jefferies Financial Group began coverage on shares of Grupo Televisa, S.A.B. (NYSE:TV) in a note issued to investors on Tuesday, FlyOnTheWall reports. The firm set a “hold” rating on the stock.

A number of other brokerages have also issued reports on TV. The Goldman Sachs Group started coverage on shares of Grupo Televisa, S.A.B. in a research note on Tuesday, May 30th. They set a “buy” rating and a $6.10 price target on the stock. StockNews.com raised shares of Grupo Televisa, S.A.B. from a “sell” rating to a “hold” rating in a report on Wednesday, August 30th. TheStreet raised shares of Grupo Televisa, S.A.B. from a “d+” rating to a “c-” rating in a report on Monday, June 12th. Finally, Benchmark reissued a “buy” rating and set a $12.00 price objective on shares of Grupo Televisa, S.A.B. in a report on Monday, July 24th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $7.93.

Grupo Televisa, S.A.B. Stock Performance

Shares of Grupo Televisa, S.A.B. stock traded up $0.03 on Tuesday, reaching $3.39. 61,616 shares of the stock were exchanged, compared to its average volume of 2,132,233. Grupo Televisa, S.A.B. has a 1-year low of $3.26 and a 1-year high of $6.57. The company has a current ratio of 1.78, a quick ratio of 1.74 and a debt-to-equity ratio of 0.04. The business has a fifty day moving average price of $4.54 and a two-hundred day moving average price of $4.84. The firm has a market capitalization of $1.92 billion, a PE ratio of -2.82, a PEG ratio of 7.37 and a beta of 1.45.

Grupo Televisa, S.A.B. (NYSE:TV) last issued its quarterly earnings results on Monday, July 31st. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). Grupo Televisa, S.A.B. had a negative return on equity of 9.55% and a negative net margin of 17.11%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. As a group, research analysts anticipate that Grupo Televisa, S.A.B. will post 0.09 earnings per share for the current fiscal year.

Institutional Trading of Grupo Televisa, S.A.B.

Several institutional investors and hedge funds have recently modified their holdings of the business. Wolverine Trading LLC lifted its holdings in shares of Grupo Televisa, S.A.B. by 172.5% in the second quarter. Wolverine Trading LLC now owns 10,515 shares of the company’s stock valued at $54,000 after purchasing an additional 25,015 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in shares of Grupo Televisa, S.A.B. by 15.1% during the second quarter. Nuveen Asset Management LLC now owns 8,810,312 shares of the company’s stock valued at $45,197,000 after buying an additional 1,152,924 shares during the period. XTX Topco Ltd purchased a new position in shares of Grupo Televisa, S.A.B. during the second quarter valued at approximately $196,000. Gamco Investors INC. ET AL lifted its stake in shares of Grupo Televisa, S.A.B. by 8.7% during the second quarter. Gamco Investors INC. ET AL now owns 8,815,997 shares of the company’s stock valued at $45,226,000 after buying an additional 705,518 shares during the period. Finally, Capstone Financial Advisors Inc. lifted its stake in shares of Grupo Televisa, S.A.B. by 20.0% during the second quarter. Capstone Financial Advisors Inc. now owns 30,000 shares of the company’s stock valued at $154,000 after buying an additional 5,000 shares during the period. Hedge funds and other institutional investors own 37.47% of the company’s stock.

About Grupo Televisa, S.A.B.

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.