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

Bank of America lowered shares of Grupo Televisa, S.A.B. (NYSE:TV) from a buy rating to a neutral rating in a research report released on Monday, Marketbeat Ratings reports. Bank of America currently has $3.50 price target on the stock.

TV has been the subject of several other reports. StockNews.com raised shares of Grupo Televisa, S.A.B. from a sell rating to a hold rating in a report on Monday, February 26th. Morgan Stanley reissued an equal weight rating and set a $4.00 price target (down from $7.00) on shares of Grupo Televisa, S.A.B. in a report on Friday, January 5th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $5.28.

Grupo Televisa, S.A.B. Trading Down 4.6 %

Shares of TV stock opened at $2.90 on Monday. Grupo Televisa, S.A.B. has a 12-month low of $2.10 and a 12-month high of $5.41. The company has a market capitalization of $1.61 billion, a P/E ratio of -2.76 and a beta of 1.77. The firm has a 50-day moving average price of $3.11 and a 200 day moving average price of $2.96. The company has a quick ratio of 1.73, a current ratio of 1.76 and a debt-to-equity ratio of 0.64.

Grupo Televisa, S.A.B. (NYSE:TV) last announced its quarterly earnings results on Thursday, February 22nd. The company reported ($0.88) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.87). Grupo Televisa, S.A.B. had a negative net margin of 13.99% and a negative return on equity of 7.36%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the business earned ($1.27) earnings per share. Research analysts forecast that Grupo Televisa, S.A.B. will post 0.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Grupo Televisa, S.A.B.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new stake in shares of Grupo Televisa, S.A.B. during the 2nd quarter worth approximately $25,000. Moors & Cabot Inc. acquired a new stake in shares of Grupo Televisa, S.A.B. during the 3rd quarter worth approximately $31,000. First Trust Direct Indexing L.P. acquired a new stake in shares of Grupo Televisa, S.A.B. during the 3rd quarter worth approximately $32,000. PNC Financial Services Group Inc. grew its position in shares of Grupo Televisa, S.A.B. by 181.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,409 shares of the company’s stock worth $33,000 after buying an additional 4,129 shares during the period. Finally, Ieq Capital LLC acquired a new stake in shares of Grupo Televisa, S.A.B. during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 55.77% 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.