BMO Capital Markets Reaffirms Buy Rating for Grupo Televisa SAB (NYSE:TV)

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BMO Capital Markets reaffirmed their buy rating on shares of Grupo Televisa SAB (NYSE:TV) in a report issued on Monday morning, AnalystRatings.com reports.

Several other equities analysts have also recently issued reports on TV. Zacks Investment Research cut Grupo Televisa SAB from a hold rating to a sell rating in a research note on Saturday, April 13th. JPMorgan Chase & Co. reduced their price objective on Grupo Televisa SAB from $17.00 to $15.00 and set an overweight rating on the stock in a research note on Monday, March 18th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Grupo Televisa SAB has an average rating of Buy and a consensus target price of $20.00.

TV stock opened at $9.10 on Monday. Grupo Televisa SAB has a twelve month low of $8.74 and a twelve month high of $21.41. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.35 and a quick ratio of 1.33. The company has a market cap of $5.21 billion, a PE ratio of 16.85, a P/E/G ratio of 1.02 and a beta of 1.03.

Grupo Televisa SAB (NYSE:TV) last released its quarterly earnings results on Monday, April 29th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). Grupo Televisa SAB had a return on equity of 5.60% and a net margin of 5.79%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. On average, analysts anticipate that Grupo Televisa SAB will post 0.5 EPS for the current year.

The company also recently disclosed an annual dividend, which was paid on Monday, June 10th. Investors of record on Thursday, May 30th were paid a dividend of $0.082 per share. This represents a yield of 0.91%. The ex-dividend date of this dividend was Wednesday, May 29th. Grupo Televisa SAB’s dividend payout ratio (DPR) is presently 14.81%.

A number of hedge funds have recently bought and sold shares of TV. Vanguard Group Inc. lifted its stake in Grupo Televisa SAB by 5.6% in the third quarter. Vanguard Group Inc. now owns 137,359 shares of the company’s stock valued at $2,437,000 after buying an additional 7,243 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in Grupo Televisa SAB in the fourth quarter valued at $91,000. SG Americas Securities LLC bought a new stake in Grupo Televisa SAB in the fourth quarter valued at $324,000. Canada Pension Plan Investment Board lifted its stake in Grupo Televisa SAB by 16.8% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,726,106 shares of the company’s stock valued at $21,713,000 after buying an additional 247,875 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in Grupo Televisa SAB by 22.5% in the fourth quarter. BlackRock Inc. now owns 1,440,076 shares of the company’s stock valued at $18,116,000 after buying an additional 264,490 shares during the last quarter. Institutional investors own 52.73% of the company’s stock.

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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Analyst Recommendations for Grupo Televisa SAB (NYSE:TV)

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