Benchmark Forecasts Strong Price Appreciation for Grupo Televisa (NYSE:TV) Stock

Grupo Televisa (NYSE:TV) had its price objective lifted by research analysts at Benchmark from $9.00 to $10.00 in a report issued on Friday, Marketbeat reports. The firm presently has a “buy” rating on the stock. Benchmark’s price target points to a potential upside of 269.00% from the stock’s current price.

A number of other brokerages also recently weighed in on TV. JPMorgan Chase & Co. raised shares of Grupo Televisa from a “neutral” rating to an “overweight” rating in a research note on Wednesday, August 27th. The Goldman Sachs Group downgraded Grupo Televisa from a “buy” rating to a “neutral” rating and set a $2.60 price target for the company. in a report on Friday, August 8th. Zacks Research downgraded Grupo Televisa from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Grupo Televisa in a research report on Wednesday, October 8th. Finally, UBS Group reiterated a “buy” rating on shares of Grupo Televisa in a report on Monday, October 27th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $5.07.

Grupo Televisa Price Performance

Grupo Televisa stock opened at $2.71 on Friday. The stock’s 50 day moving average is $2.65 and its 200 day moving average is $2.46. Grupo Televisa has a one year low of $1.55 and a one year high of $3.10. The firm has a market cap of $1.50 billion, a P/E ratio of -2.68, a P/E/G ratio of 3.45 and a beta of 2.02. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.31 and a quick ratio of 2.33.

Grupo Televisa (NYSE:TV) last released its earnings results on Friday, October 24th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.22). The firm had revenue of $798.55 million for the quarter, compared to analyst estimates of $14.66 billion. Grupo Televisa had a negative net margin of 18.27% and a negative return on equity of 9.49%. As a group, research analysts expect that Grupo Televisa will post -0.07 EPS for the current year.

Institutional Investors Weigh In On Grupo Televisa

Large investors have recently added to or reduced their stakes in the company. XTX Topco Ltd raised its stake in shares of Grupo Televisa by 264.9% during the first quarter. XTX Topco Ltd now owns 43,728 shares of the company’s stock valued at $77,000 after acquiring an additional 31,746 shares during the last quarter. Banco Santander S.A. raised its position in Grupo Televisa by 23.1% during the 1st quarter. Banco Santander S.A. now owns 390,892 shares of the company’s stock valued at $684,000 after purchasing an additional 73,272 shares during the last quarter. R Squared Ltd lifted its holdings in Grupo Televisa by 405.9% in the 1st quarter. R Squared Ltd now owns 21,400 shares of the company’s stock worth $37,000 after buying an additional 17,170 shares during the period. Atria Wealth Solutions Inc. grew its position in shares of Grupo Televisa by 100.0% in the 1st quarter. Atria Wealth Solutions Inc. now owns 49,000 shares of the company’s stock worth $86,000 after buying an additional 24,500 shares during the last quarter. Finally, Invesco Ltd. purchased a new position in shares of Grupo Televisa during the first quarter valued at approximately $96,000. Institutional investors own 55.77% of the company’s stock.

About Grupo Televisa

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.