Bank of America Downgrades Grupo Televisa, S.A.B. (NYSE:TV) to Neutral

Grupo Televisa, S.A.B. (NYSE:TV) was downgraded by analysts at Bank of America from a “buy” rating to a “neutral” rating in a research note issued to investors on Monday, MarketBeat.com reports. They currently have a $3.50 price target on the stock. Bank of America‘s price target would indicate a potential upside of 15.13% from the company’s current price.

A number of other research firms have also recently commented on TV. StockNews.com upgraded Grupo Televisa, S.A.B. from a “sell” rating to a “hold” rating in a research report on Monday, February 26th. Morgan Stanley restated an “equal weight” rating and issued a $4.00 price objective (down from $7.00) on shares of Grupo Televisa, S.A.B. in a research report on Friday, January 5th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Grupo Televisa, S.A.B. presently has a consensus rating of “Hold” and a consensus target price of $5.28.

Grupo Televisa, S.A.B. Stock Down 3.8 %

Shares of TV stock opened at $3.04 on Monday. The stock has a 50 day moving average of $3.12 and a 200 day moving average of $2.96. The company has a current ratio of 1.76, a quick ratio of 1.73 and a debt-to-equity ratio of 0.64. The stock has a market cap of $1.68 billion, a P/E ratio of -2.90 and a beta of 1.77. Grupo Televisa, S.A.B. has a twelve month low of $2.10 and a twelve month high of $5.41.

Grupo Televisa, S.A.B. (NYSE:TV) last posted its quarterly earnings data on Thursday, February 22nd. The company reported ($0.88) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.87). The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Grupo Televisa, S.A.B. had a negative net margin of 13.99% and a negative return on equity of 7.36%. During the same quarter last year, the firm earned ($1.27) earnings per share. As a group, sell-side analysts expect that Grupo Televisa, S.A.B. will post 0.1 EPS for the current year.

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

Large investors have recently made changes to their positions in the company. Gamco Investors INC. ET AL lifted its stake in shares of Grupo Televisa, S.A.B. by 18.8% in the 4th quarter. Gamco Investors INC. ET AL now owns 11,633,903 shares of the company’s stock valued at $38,857,000 after purchasing an additional 1,838,425 shares during the last quarter. Alua Capital Management LP lifted its stake in shares of Grupo Televisa, S.A.B. by 4.5% in the 3rd quarter. Alua Capital Management LP now owns 10,985,011 shares of the company’s stock valued at $33,504,000 after purchasing an additional 476,543 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Grupo Televisa, S.A.B. by 273.0% during the 1st quarter. AQR Capital Management LLC now owns 9,265,838 shares of the company’s stock valued at $49,016,000 after acquiring an additional 6,781,893 shares during the period. Nuveen Asset Management LLC grew its position in Grupo Televisa, S.A.B. by 15.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 8,810,312 shares of the company’s stock valued at $45,197,000 after acquiring an additional 1,152,924 shares in the last quarter. Finally, Prudential PLC increased its stake in Grupo Televisa, S.A.B. by 0.4% during the fourth quarter. Prudential PLC now owns 8,519,013 shares of the company’s stock worth $28,454,000 after purchasing an additional 33,005 shares during the period. 55.77% of the stock is currently owned by hedge funds and other institutional investors.

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.