Grupo Televisa SAB (TV) Lifted to “Hold” at Scotiabank

Grupo Televisa SAB (NYSE:TV) was upgraded by stock analysts at Scotiabank from an “underperform” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

TV has been the subject of several other research reports. HSBC upgraded shares of Grupo Televisa SAB from a “hold” rating to a “buy” rating in a research note on Monday, December 4th. UBS upgraded shares of Grupo Televisa SAB from a “market perform” rating to an “outperform” rating in a research note on Thursday, November 30th. Citigroup upgraded shares of Grupo Televisa SAB from a “sell” rating to a “hold” rating in a research note on Monday, December 4th. ValuEngine cut shares of Grupo Televisa SAB from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Finally, JPMorgan Chase & Co. upgraded shares of Grupo Televisa SAB from a “neutral” rating to an “overweight” rating and set a $23.00 target price for the company in a research note on Friday, December 15th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $26.00.

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Shares of Grupo Televisa SAB stock opened at $15.21 on Thursday. The company has a current ratio of 1.71, a quick ratio of 1.69 and a debt-to-equity ratio of 1.30. Grupo Televisa SAB has a fifty-two week low of $14.20 and a fifty-two week high of $27.37. The stock has a market cap of $8,723.09, a PE ratio of 37.10, a price-to-earnings-growth ratio of 1.37 and a beta of 1.39.

Grupo Televisa SAB (NYSE:TV) last released its quarterly earnings results on Tuesday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.08). Grupo Televisa SAB had a net margin of 4.79% and a return on equity of 4.54%. The firm had revenue of $1.38 billion for the quarter. equities research analysts predict that Grupo Televisa SAB will post 0.46 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Macquarie Group Ltd. lifted its stake in Grupo Televisa SAB by 80.3% during the fourth quarter. Macquarie Group Ltd. now owns 5,411,377 shares of the company’s stock worth $101,028,000 after purchasing an additional 2,409,863 shares during the period. Jane Street Group LLC bought a new position in Grupo Televisa SAB during the fourth quarter worth about $2,828,000. Verition Fund Management LLC bought a new position in Grupo Televisa SAB during the fourth quarter worth about $955,000. Zimmer Partners LP lifted its stake in Grupo Televisa SAB by 53.0% during the fourth quarter. Zimmer Partners LP now owns 5,698,563 shares of the company’s stock worth $106,392,000 after purchasing an additional 1,973,563 shares during the period. Finally, Millennium Management LLC lifted its stake in Grupo Televisa SAB by 3,344.7% during the fourth quarter. Millennium Management LLC now owns 1,694,261 shares of the company’s stock worth $31,632,000 after purchasing an additional 1,645,076 shares during the period. Hedge funds and other institutional investors own 55.76% of the company’s stock.

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About Grupo Televisa SAB

Grupo Televisa, SAB. is a media company in the international entertainment business. The Company operates in four business segments: Content, Sky, Telecommunications, and Other Businesses. It operates four broadcast channels in Mexico City and has affiliated stations throughout the country. It produces pay-television channels with national and international feeds, throughout Latin America, the United States, Canada, Europe and Asia Pacific.

Analyst Recommendations for Grupo Televisa SAB (NYSE:TV)

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