Grupo Televisa S.A. (NYSE:TV) was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a note issued to investors on Thursday, The Fly reports.

Other equities research analysts also recently issued reports about the stock. J P Morgan Chase & Co reiterated a “neutral” rating and set a $26.00 price objective (up from $23.00) on shares of Grupo Televisa in a research note on Monday, June 5th. Credit Suisse Group set a $28.00 price objective on shares of Grupo Televisa and gave the stock a “hold” rating in a research note on Saturday, April 15th. BidaskClub upgraded shares of Grupo Televisa from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Zacks Investment Research upgraded shares of Grupo Televisa from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 21st. Finally, HSBC Holdings plc upgraded shares of Grupo Televisa from a “reduce” rating to a “hold” rating in a research note on Wednesday, May 24th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $26.00.

Shares of Grupo Televisa (TV) opened at 26.20 on Thursday. The firm’s 50-day moving average is $25.77 and its 200-day moving average is $24.97. The firm has a market capitalization of $64.94 billion, a price-to-earnings ratio of 323.46 and a beta of 1.31. Grupo Televisa has a 12-month low of $19.69 and a 12-month high of $27.89.

Grupo Televisa (NYSE:TV) last released its quarterly earnings data on Monday, July 10th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.01. Grupo Televisa had a net margin of 4.69% and a return on equity of 4.62%. The company had revenue of $1.25 billion during the quarter. Equities research analysts forecast that Grupo Televisa will post $0.70 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of TV. Independent Portfolio Consultants Inc. purchased a new position in Grupo Televisa during the first quarter worth approximately $139,000. Quantbot Technologies LP purchased a new position in Grupo Televisa during the first quarter worth approximately $158,000. Wetherby Asset Management Inc. purchased a new position in Grupo Televisa during the first quarter worth approximately $215,000. High Pointe Capital Management LLC boosted its position in Grupo Televisa by 6.4% in the second quarter. High Pointe Capital Management LLC now owns 10,370 shares of the company’s stock worth $253,000 after buying an additional 620 shares during the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. boosted its position in Grupo Televisa by 4.0% in the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 13,000 shares of the company’s stock worth $337,000 after buying an additional 500 shares during the last quarter. 60.97% of the stock is currently owned by institutional investors and hedge funds.

About Grupo Televisa

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.

The Fly

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