Grupo Televisa (TV) Upgraded to “Overweight” by J P Morgan Chase & Co

Grupo Televisa (NYSE:TV) was upgraded by analysts at J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating in a report released on Friday, Marketbeat Ratings reports. The brokerage presently has a $23.00 target price on the stock. J P Morgan Chase & Co’s price target suggests a potential upside of 19.60% from the company’s previous close.

Several other research firms have also weighed in on TV. ValuEngine upgraded shares of Grupo Televisa from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. UBS upgraded shares of Grupo Televisa from an “underperform” rating to a “market perform” rating in a research report on Wednesday, November 15th. Zacks Investment Research lowered shares of Grupo Televisa from a “hold” rating to a “sell” rating in a research report on Tuesday, November 21st. Citigroup upgraded shares of Grupo Televisa from a “sell” rating to a “hold” rating in a research report on Monday, December 4th. Finally, HSBC upgraded shares of Grupo Televisa from a “hold” rating to a “buy” rating in a research report on Monday, December 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $26.00.

Grupo Televisa (TV) traded up $0.15 on Friday, reaching $19.23. 3,707,268 shares of the company traded hands, compared to its average volume of 2,356,264. The company has a market capitalization of $11,840.00, a price-to-earnings ratio of 48.56, a P/E/G ratio of 1.35 and a beta of 1.21. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.44 and a current ratio of 1.47. Grupo Televisa has a one year low of $17.24 and a one year high of $27.37.

A number of large investors have recently modified their holdings of TV. Harding Loevner LP boosted its position in Grupo Televisa by 265.7% during the third quarter. Harding Loevner LP now owns 70,752,445 shares of the company’s stock worth $437,993,000 after purchasing an additional 51,403,466 shares during the period. Black Creek Investment Management Inc. boosted its position in Grupo Televisa by 62.3% during the second quarter. Black Creek Investment Management Inc. now owns 6,431,205 shares of the company’s stock worth $156,728,000 after purchasing an additional 2,468,802 shares during the period. Dodge & Cox boosted its position in Grupo Televisa by 6.0% during the second quarter. Dodge & Cox now owns 40,308,617 shares of the company’s stock worth $982,321,000 after purchasing an additional 2,287,300 shares during the period. First Eagle Investment Management LLC boosted its position in Grupo Televisa by 3.2% during the second quarter. First Eagle Investment Management LLC now owns 38,547,427 shares of the company’s stock worth $939,401,000 after purchasing an additional 1,195,820 shares during the period. Finally, Obermeyer Wood Investment Counsel Lllp bought a new position in Grupo Televisa during the third quarter worth about $28,973,000. Hedge funds and other institutional investors own 57.87% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This news story was originally posted by American Banking and Market News and is the property of of American Banking and Market News. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international copyright laws. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/12/15/grupo-televisa-tv-upgraded-to-overweight-by-j-p-morgan-chase-co.html.

Grupo Televisa Company Profile

Grupo Televisa, SAB. is a media company in the international entertainment business. The Company operates in four business segments: Content, Sky, Telecommunications, and Other Businesses. It operates four broadcast channels in Mexico City and has affiliated stations throughout the country. It produces pay-television channels with national and international feeds, throughout Latin America, the United States, Canada, Europe and Asia Pacific.