Brokerages Set Grupo Televisa, S.A.B. (NYSE:TV) PT at $5.28

Shares of Grupo Televisa, S.A.B. (NYSE:TV) have been given an average recommendation of “Hold” by the six analysts that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $5.28.

Several equities research analysts have recently commented on the stock. Benchmark restated a “buy” rating and issued a $12.00 target price on shares of Grupo Televisa, S.A.B. in a research note on Thursday, May 16th. Bank of America downgraded shares of Grupo Televisa, S.A.B. from a “buy” rating to a “neutral” rating and set a $3.50 price target on the stock. in a research report on Monday, April 15th.

Grupo Televisa, S.A.B. Stock Up 3.4 %

Shares of NYSE:TV opened at $2.71 on Friday. Grupo Televisa, S.A.B. has a 52 week low of $2.10 and a 52 week high of $5.36. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.57 and a current ratio of 1.59. The company’s fifty day moving average is $3.01 and its 200-day moving average is $3.06. The company has a market capitalization of $1.50 billion, a PE ratio of -3.11, a P/E/G ratio of 8.22 and a beta of 1.88.

Grupo Televisa, S.A.B. (NYSE:TV) last issued its earnings results on Thursday, April 25th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.14. Grupo Televisa, S.A.B. had a negative net margin of 11.78% and a negative return on equity of 6.18%. The company had revenue of $939.92 million for the quarter, compared to the consensus estimate of $1.02 billion. Equities research analysts predict that Grupo Televisa, S.A.B. will post 0.01 earnings per share for the current fiscal year.

Grupo Televisa, S.A.B. Increases Dividend

The firm also recently announced an annual dividend, which was paid on Monday, June 10th. Shareholders of record on Thursday, May 30th were given a dividend of $0.1056 per share. The ex-dividend date of this dividend was Thursday, May 30th. This is an increase from Grupo Televisa, S.A.B.’s previous annual dividend of $0.10. This represents a yield of 2.4%. Grupo Televisa, S.A.B.’s dividend payout ratio is presently -10.34%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Ieq Capital LLC bought a new stake in shares of Grupo Televisa, S.A.B. in the 4th quarter valued at about $37,000. Central Pacific Bank Trust Division bought a new stake in shares of Grupo Televisa, S.A.B. in the 1st quarter valued at about $39,000. Ballentine Partners LLC bought a new stake in shares of Grupo Televisa, S.A.B. in the 4th quarter valued at about $49,000. PNC Financial Services Group Inc. increased its stake in shares of Grupo Televisa, S.A.B. by 824.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 14,938 shares of the company’s stock valued at $50,000 after acquiring an additional 13,322 shares during the last quarter. Finally, West Family Investments Inc. bought a new stake in shares of Grupo Televisa, S.A.B. in the 4th quarter valued at about $68,000. 55.77% of the stock is currently owned by institutional investors and hedge funds.

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.