Grupo Televisa SAB Given New $45.00 Price Target at Maxim Group (TV)
Research analysts at Maxim Group raised their price objective on shares of Grupo Televisa SAB (NYSE:TV) from $40.00 to $45.00 in a report released on Tuesday. The firm currently has a “buy” rating on the stock. Maxim Group’s target price points to a potential upside of 20.48% from the company’s current price.
Grupo Televisa SAB (NYSE:TV) opened at 37.32 on Tuesday. Grupo Televisa SAB has a one year low of $25.06 and a one year high of $37.51. The stock’s 50-day moving average is $35.2 and its 200-day moving average is $32.96. The company has a market cap of $21.587 billion and a price-to-earnings ratio of 38.32.
Grupo Televisa SAB (NYSE:TV) last issued its quarterly earnings data on Wednesday, July 9th. The company reported $0.30 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.36 by $0.06. On average, analysts predict that Grupo Televisa SAB will post $1.18 earnings per share for the current fiscal year.
A number of other firms have also recently commented on TV. Analysts at Zacks upgraded shares of Grupo Televisa SAB from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 22nd. They now have a $42.00 price target on the stock. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Grupo Televisa SAB in a research note on Tuesday, July 8th. They now have a $38.00 price target on the stock. Finally, analysts at Citigroup Inc. downgraded shares of Grupo Televisa SAB from a “buy” rating to a “neutral” rating in a research note on Friday, June 27th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Grupo Televisa SAB currently has an average rating of “Buy” and an average price target of $40.00.
Grupo Televisa SAB is a Mexico-based company engaged in the television broadcasting for the Spanish-speaking Latin American countries and in the international entertainment business sector.
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