Grupo Televisa, S.A.B. (NYSE:TV) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Grupo Televisa, S.A.B. (NYSE:TV) have earned a consensus rating of “Hold” from the six analysts that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $5.28.

A number of research firms recently commented on TV. Bank of America lowered 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. Benchmark restated a “buy” rating and set a $12.00 price target on shares of Grupo Televisa, S.A.B. in a research report on Thursday, May 16th.

Grupo Televisa, S.A.B. Stock Down 0.4 %

NYSE TV opened at $2.22 on Tuesday. The firm has a market cap of $1.23 billion, a PE ratio of -2.55, a price-to-earnings-growth ratio of 1.50 and a beta of 1.89. Grupo Televisa, S.A.B. has a one year low of $2.10 and a one year high of $5.36. The stock’s 50 day simple moving average is $2.76 and its 200 day simple moving average is $2.97. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.31 and a quick ratio of 2.28.

Grupo Televisa, S.A.B. Increases Dividend

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TV. GFS Advisors LLC acquired a new position in shares of Grupo Televisa, S.A.B. in the 4th quarter valued at $1,904,000. Gabelli Funds LLC lifted its stake in shares of Grupo Televisa, S.A.B. by 14.9% in the 1st quarter. Gabelli Funds LLC now owns 7,042,600 shares of the company’s stock valued at $22,536,000 after purchasing an additional 914,500 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Grupo Televisa, S.A.B. by 34.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 831,124 shares of the company’s stock valued at $2,776,000 after purchasing an additional 215,013 shares during the period. PNC Financial Services Group Inc. lifted 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 purchasing an additional 13,322 shares during the period. Finally, Jump Financial LLC lifted its stake in shares of Grupo Televisa, S.A.B. by 223.8% in the 4th quarter. Jump Financial LLC now owns 216,924 shares of the company’s stock valued at $725,000 after purchasing an additional 149,923 shares during the period. Institutional investors and hedge funds own 55.77% of the company’s stock.

About Grupo Televisa, S.A.B.

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.