Grupo Televisa SAB (NYSE:TV) Receives $20.00 Average PT from Analysts
Grupo Televisa SAB (NYSE:TV) has received a consensus recommendation of “Buy” from the eleven brokerages that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $20.00.
A number of research firms have commented on TV. Zacks Investment Research raised shares of Grupo Televisa SAB from a “sell” rating to a “hold” rating in a research note on Tuesday, May 21st. JPMorgan Chase & Co. cut their price objective on shares of Grupo Televisa SAB from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, March 18th.
Several hedge funds and other institutional investors have recently modified their holdings of the business. Hsbc Holdings PLC bought a new position in shares of Grupo Televisa SAB in the first quarter valued at about $43,472,000. Renaissance Technologies LLC raised its holdings in shares of Grupo Televisa SAB by 89.4% in the first quarter. Renaissance Technologies LLC now owns 8,232,525 shares of the company’s stock valued at $91,052,000 after buying an additional 3,885,101 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Grupo Televisa SAB by 82.8% in the first quarter. JPMorgan Chase & Co. now owns 5,331,603 shares of the company’s stock valued at $58,968,000 after buying an additional 2,414,384 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Grupo Televisa SAB by 162.0% in the first quarter. BlackRock Inc. now owns 3,773,635 shares of the company’s stock valued at $41,735,000 after buying an additional 2,333,559 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in shares of Grupo Televisa SAB by 88.2% in the first quarter. Gamco Investors INC. ET AL now owns 3,931,797 shares of the company’s stock valued at $43,486,000 after buying an additional 1,842,163 shares during the last quarter. 52.73% of the stock is owned by institutional investors.
Grupo Televisa SAB (NYSE:TV) last announced its earnings results on Monday, April 29th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.04). Grupo Televisa SAB had a net margin of 5.79% and a return on equity of 5.60%. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.24 billion. As a group, sell-side analysts forecast that Grupo Televisa SAB will post 0.5 earnings per share for the current year.
The business 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 $0.082 per share. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a dividend yield of 0.91%. Grupo Televisa SAB’s payout ratio is presently 14.81%.
About Grupo Televisa SAB
Grupo Televisa, SAB. operates as a media company in the Spanish-speaking world. The company operates through four segments: Content, Sky, Cable, and Other Businesses. The Content segment produces television programming and broadcasts Channels 2, 4, 5, and 9; sells advertising time on programs; provides Internet services; and produces television programming and broadcasting for local television stations in Mexico and the United States.
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