Grupo Televisa Given “Overweight” Rating at Morgan Stanley (TV)
Grupo Televisa (NYSE:TV)‘s stock had its “overweight” rating restated by Morgan Stanley in a research note issued on Tuesday, AnalystRatings.Net reports. They currently have a $37.00 target price on the stock, down from their previous target price of $38.00. Morgan Stanley’s price target points to a potential upside of 26.24% from the company’s current price.
The analysts wrote, “We expect Mexico’s new regulator to declare by March 9 whether Televisa and/or America Movil have ‘preponderant’ market power. If so, the regulator would also announce the measures, if any, it will impose to curb their market power. Although regulatory changes will impact TV’s results in 2014, this appears to already be reflected in consensus estimates. Meanwhile, under some scenarios, regulatory action could produce upside relative to current expectations for TV, making for a favorable risk-reward, in our view, ahead of these developments.”
Shares of Grupo Televisa (NYSE:TV) opened at 29.31 on Tuesday. Grupo Televisa has a 1-year low of $21.86 and a 1-year high of $31.99. The stock has a 50-day moving average of $29.40 and a 200-day moving average of $28.93. The company has a market cap of $16.809 billion and a P/E ratio of 27.73.
Separately, analysts at Maxim Group initiated coverage on shares of Grupo Televisa in a research note on Friday, January 10th. They set a “buy” rating and a $40.00 price target on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Grupo Televisa currently has an average rating of “Hold” and an average target price of $33.80.
Grupo Televisa, SAB. is a media company. The Company operates broadcast channels in Mexico and complement its network coverage through affiliated stations.
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