Grupo Televisa Downgraded by Citigroup Inc. to Neutral (TV)
Grupo Televisa (NYSE:TV) was downgraded by analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on TV. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Grupo Televisa in a research note on Wednesday. They now have a $38.00 price target on the stock, up previously from $35.00. Analysts at Zacks upgraded shares of Grupo Televisa from an “underperform” rating to a “neutral” rating in a research note on Wednesday, June 18th. They now have a $36.00 price target on the stock. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Grupo Televisa presently has a consensus rating of “Hold” and an average price target of $37.60.
Shares of Grupo Televisa (NYSE:TV) traded down 0.82% on Friday, hitting $34.655. 508,485 shares of the company’s stock traded hands. Grupo Televisa has a one year low of $22.48 and a one year high of $35.27. The stock has a 50-day moving average of $33.88 and a 200-day moving average of $31.5. The company has a market cap of $19.874 billion and a price-to-earnings ratio of 37.57.
Grupo Televisa (NYSE:TV) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.14 by $0.03. Analysts expect that Grupo Televisa will post $1.18 EPS for the current fiscal year.
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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