Grupo Televisa, S.A.B. (NYSE:TV) Given New $2.40 Price Target at UBS Group

Grupo Televisa, S.A.B. (NYSE:TV) had its price objective reduced by UBS Group from $2.50 to $2.40 in a research note released on Monday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

TV has been the subject of several other research reports. Wall Street Zen cut Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a report on Friday, May 30th. The Goldman Sachs Group lifted their price target on shares of Grupo Televisa, S.A.B. from $1.80 to $2.20 and gave the stock a “buy” rating in a research note on Wednesday, May 21st. Finally, Benchmark reaffirmed a “buy” rating and set a $7.00 price target (down previously from $8.00) on shares of Grupo Televisa, S.A.B. in a research report on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $3.87.

Grupo Televisa, S.A.B. Stock Up 3.0%

Shares of Grupo Televisa, S.A.B. stock opened at $2.25 on Monday. The company has a market capitalization of $1.24 billion, a P/E ratio of -3.08 and a beta of 1.91. The company has a 50 day moving average of $1.92 and a 200 day moving average of $1.88. The company has a quick ratio of 2.41, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. Grupo Televisa, S.A.B. has a 52-week low of $1.55 and a 52-week high of $2.90.

Grupo Televisa, S.A.B. (NYSE:TV) last released its earnings results on Wednesday, April 30th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.09. Grupo Televisa, S.A.B. had a negative net margin of 11.69% and a negative return on equity of 5.73%. The company had revenue of $763.42 million during the quarter, compared to analysts’ expectations of $15.33 billion. As a group, research analysts forecast that Grupo Televisa, S.A.B. will post -0.07 EPS for the current fiscal year.

Grupo Televisa, S.A.B. Cuts Dividend

The business also recently announced an annual dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 30th were paid a $0.0908 dividend. This represents a dividend yield of 3.9%. The ex-dividend date was Friday, May 30th. Grupo Televisa, S.A.B.’s payout ratio is presently -10.00%.

Institutional Investors Weigh In On Grupo Televisa, S.A.B.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Banco Santander S.A. lifted its position in shares of Grupo Televisa, S.A.B. by 73.6% in the fourth quarter. Banco Santander S.A. now owns 317,620 shares of the company’s stock worth $534,000 after purchasing an additional 134,621 shares in the last quarter. American Century Companies Inc. raised its position in shares of Grupo Televisa, S.A.B. by 11.8% in the fourth quarter. American Century Companies Inc. now owns 1,312,209 shares of the company’s stock valued at $2,205,000 after purchasing an additional 138,303 shares during the period. EntryPoint Capital LLC raised its holdings in Grupo Televisa, S.A.B. by 55.3% in the 4th quarter. EntryPoint Capital LLC now owns 128,898 shares of the company’s stock valued at $217,000 after acquiring an additional 45,889 shares during the period. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Grupo Televisa, S.A.B. in the fourth quarter valued at about $939,000. Finally, Discovery Capital Management LLC CT raised its stake in Grupo Televisa, S.A.B. by 0.6% in the 4th quarter. Discovery Capital Management LLC CT now owns 17,536,831 shares of the company’s stock worth $29,462,000 after purchasing an additional 100,100 shares in the last quarter. Institutional investors and hedge funds own 55.77% of the company’s stock.

Grupo Televisa, S.A.B. Company Profile

Grupo Televisa, SAB., together with its subsidiaries, owns and operates cable companies and provides direct-to-home satellite pay television system in Mexico and the United States. It operates through three segments: Cable, Sky, and Other Businesses. The Cable segment operates cable multiple system that provides basic and premium television subscription, pay-per-view, installation, Internet subscription, and telephone and mobile services subscription, as well as local and national advertising services; and telecommunication facilities, which offers data and long-distance services solutions to carriers and other telecommunications service providers through its fiber-optic network.