Grupo Televisa SAB (TV) Cut to Sell at 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 report report published 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. “

Other equities analysts have also recently issued research reports about the company. Citigroup upgraded Grupo Televisa SAB from a neutral rating to a buy rating in a research note on Thursday, January 31st. Credit Suisse Group set a $27.00 price objective on Grupo Televisa SAB and gave the company a hold rating in a research note on Thursday, December 20th. Scotiabank upgraded Grupo Televisa SAB from an underperform rating to a sector perform rating and decreased their price objective for the company from $14.00 to $13.00 in a research note on Wednesday, January 23rd. UBS Group upgraded Grupo Televisa SAB from a market perform rating to an outperform rating in a research note on Wednesday, December 26th. Finally, Santander upgraded Grupo Televisa SAB from a hold rating to a buy rating in a research note on Friday, December 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $20.00.

NYSE TV opened at $10.74 on Friday. The stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 0.57 and a beta of 1.11. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.47 and a quick ratio of 1.45. Grupo Televisa SAB has a 1-year low of $10.18 and a 1-year high of $21.41.

Grupo Televisa SAB (NYSE:TV) last released its earnings results on Thursday, February 21st. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.13). The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. Grupo Televisa SAB had a net margin of 5.94% and a return on equity of 5.74%. On average, sell-side analysts forecast that Grupo Televisa SAB will post 0.57 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in Grupo Televisa SAB by 63.2% during the third quarter. JPMorgan Chase & Co. now owns 5,010,593 shares of the company’s stock worth $88,888,000 after purchasing an additional 1,941,037 shares during the last quarter. BlackRock Inc. lifted its stake in Grupo Televisa SAB by 214.7% during the third quarter. BlackRock Inc. now owns 1,175,586 shares of the company’s stock worth $20,856,000 after purchasing an additional 801,978 shares during the last quarter. FMR LLC lifted its stake in Grupo Televisa SAB by 12.0% during the third quarter. FMR LLC now owns 899,223 shares of the company’s stock worth $15,952,000 after purchasing an additional 96,673 shares during the last quarter. Panagora Asset Management Inc. lifted its stake in Grupo Televisa SAB by 21.3% during the third quarter. Panagora Asset Management Inc. now owns 88,239 shares of the company’s stock worth $1,565,000 after purchasing an additional 15,467 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Grupo Televisa SAB by 13.2% during the third quarter. Dimensional Fund Advisors LP now owns 2,898,081 shares of the company’s stock worth $51,423,000 after purchasing an additional 338,467 shares during the last quarter. Institutional investors and hedge funds own 49.85% 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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