Grupo Televisa S.A. Receives “Equal Weight” Rating from Morgan Stanley (TV)
Grupo Televisa S.A. (NYSE: TV)‘s stock had its “equal weight” rating restated by analysts at Morgan Stanley in a research report issued to clients and investors on Wednesday. They currently have a $30.00 price target on the stock, up from their previous price target of $26.00.
The analysts wrote, “Fine tuning estimates post 4Q12. Raising SOTP-based PT to $30/ADR to reflect higher media peer group valuations, as well as a better outlook for Iusacell. We continue to see good long-term value, but with potential regulatory headwinds and only 9% upside to our PT, we remain EW.”
A number of other firms have also recently commented on TV. Analysts at UBS AG downgraded shares of Grupo Televisa S.A. from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday. Separately, analysts at Scotiabank reiterated a “sector perform” rating on shares of Grupo Televisa S.A. in a research note to investors on Tuesday, February 26th. Finally, analysts at Scotiabank raised their price target on shares of Grupo Televisa S.A. from $24.00 to $25.00 in a research note to investors on Tuesday, February 26th.
Grupo Televisa S.A. traded down 1.99% on Wednesday, hitting $27.08. Grupo Televisa S.A. has a 1-year low of $18.69 and a 1-year high of $29.18. The stock’s 50-day moving average is currently $27.. The company has a market cap of $15.456 billion and a price-to-earnings ratio of 25.03.
Grupo Televisa, S.A.B. is a media company. The Company operates broadcast channels in Mexico and complement its network coverage through affiliated stations.
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