Grupo Televisa SAB (TV) Cut to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of Grupo Televisa SAB (NYSE:TV) from a strong-buy rating to a hold rating in a report issued on Thursday morning.

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 research analysts have also recently issued reports about the stock. Scotiabank reaffirmed a buy rating on shares of Grupo Televisa SAB in a report on Friday, November 9th. ValuEngine raised shares of Grupo Televisa SAB from a sell rating to a hold rating in a report on Thursday, November 1st. TheStreet cut shares of Grupo Televisa SAB from a b- rating to a c+ rating in a report on Friday, August 17th. Finally, UBS Group cut shares of Grupo Televisa SAB from a buy rating to a neutral rating in a report on Wednesday, November 28th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Grupo Televisa SAB presently has an average rating of Buy and an average target price of $20.75.

Shares of TV stock traded up $0.10 on Thursday, reaching $13.79. The stock had a trading volume of 67,548 shares, compared to its average volume of 2,070,643. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.74 and a current ratio of 1.76. The stock has a market cap of $7.63 billion, a price-to-earnings ratio of 33.73, a PEG ratio of 0.63 and a beta of 1.32. Grupo Televisa SAB has a 12 month low of $12.81 and a 12 month high of $21.41.

Grupo Televisa SAB (NYSE:TV) last issued its earnings results on Thursday, November 1st. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.09). The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.35 billion. Grupo Televisa SAB had a net margin of 6.41% and a return on equity of 6.29%. Sell-side analysts predict that Grupo Televisa SAB will post 0.66 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. Intermede Investment Partners Ltd grew its stake in Grupo Televisa SAB by 4.3% in the 3rd quarter. Intermede Investment Partners Ltd now owns 1,870,320 shares of the company’s stock valued at $33,179,000 after buying an additional 76,734 shares during the last quarter. Macquarie Group Ltd. grew its stake in Grupo Televisa SAB by 1.9% in the 2nd quarter. Macquarie Group Ltd. now owns 5,355,049 shares of the company’s stock valued at $101,478,000 after buying an additional 97,433 shares during the last quarter. Seven Eight Capital LP acquired a new position in Grupo Televisa SAB in the 3rd quarter valued at about $307,000. Janus Henderson Group PLC grew its stake in Grupo Televisa SAB by 20.1% in the 2nd quarter. Janus Henderson Group PLC now owns 2,513,845 shares of the company’s stock valued at $47,637,000 after buying an additional 420,718 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in Grupo Televisa SAB by 13.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 127,479 shares of the company’s stock valued at $2,262,000 after buying an additional 15,119 shares during the last quarter. 50.47% of the stock is currently owned by institutional investors.

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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