Televisa (TV) Downgraded by UBS to “Market Perform”

Televisa (NYSE:TV) was downgraded by stock analysts at UBS from an “outperform” rating to a “market perform” rating in a research note issued to investors on Monday, The Fly reports.

A number of other research analysts have also recently commented on the stock. ValuEngine cut shares of Televisa from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Scotiabank raised shares of Televisa from an “underperform” rating to a “hold” rating in a research report on Thursday, March 22nd. Goldman Sachs initiated coverage on shares of Televisa in a research report on Tuesday, April 3rd. They issued a “neutral” rating on the stock. Finally, JPMorgan Chase raised shares of Televisa from a “neutral” rating to an “overweight” rating and set a $23.00 target price on the stock in a research report on Friday, December 15th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. Televisa currently has an average rating of “Hold” and a consensus target price of $26.00.

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Shares of TV stock opened at $17.32 on Monday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.69 and a current ratio of 1.71. The stock has a market cap of $10,414.94, a PE ratio of 42.24, a PEG ratio of 1.74 and a beta of 1.41. Televisa has a twelve month low of $14.20 and a twelve month high of $27.37.

Televisa (NYSE:TV) last announced its quarterly earnings results on Tuesday, February 20th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.08). Televisa 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. analysts forecast that Televisa will post 0.44 earnings per share for the current year.

A number of large investors have recently modified their holdings of the business. Macquarie Group Ltd. increased its stake in Televisa 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 purchased a new stake in shares of Televisa during the fourth quarter worth approximately $2,828,000. Verition Fund Management LLC purchased a new stake in shares of Televisa during the fourth quarter worth approximately $955,000. Zimmer Partners LP increased its stake in shares of Televisa 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 buying an additional 1,973,563 shares during the period. Finally, Millennium Management LLC increased its stake in shares of Televisa 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 buying an additional 1,645,076 shares during the period. Institutional investors own 55.76% of the company’s stock.

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About Televisa

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 is involved in the production of television programming and broadcasting of Channels 2, 4, 5, and 9; the sale of advertising time on programs; and the production of television programming and broadcasting for local television stations in Mexico and the United States, as well as Internet business.

The Fly

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