Credit Suisse Upgrades Grupo Televisa SAB (ADR) to Outperform with Price Target $30.00

Brokerage firm Credit Suisse Upgrades its rating on Grupo Televisa SAB (ADR)(NYSE:TV). In a research note issued to the investors, the brokerage major Raises the price-target to $30.00 per share. The shares have been rated Outperform. Previously, the analysts had a Neutral rating on the shares. The rating by Credit Suisse was issued on Sep 27, 2016.

In a different note, On Sep 22, 2016, HSBC said it Upgrades its rating on Grupo Televisa SAB (ADR). The shares have been rated ‘Hold’ by the firm. On Sep 7, 2016, New Street Research said it Upgrades its rating on Grupo Televisa SAB (ADR). The shares have been rated ‘Buy’ by the firm.

Grupo Televisa SAB (ADR) (TV) shares turned negative on Fridays trading session with the shares closing down -0.04 points or -0.16% at a volume of 12,39,989. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $26.082. The peak price level was also seen at $26.082 while the days lowest was $25.59. Finally the shares closed at $25.69. The 52-week high of the shares is $30.36 while the 52-week low is $23.25. According to the latest information available, the market cap of the company is $128 M.

Grupo Televisa SAB (ADR)(TV) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.22B. Analysts had an estimated revenue of $1.25B. Earnings per share were $0.01. Analysts had estimated an EPS of $0.05.

Grupo Televisa S.A.B. 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. It exports its programs and formats to television networks around the world. It is also a Spanish-language magazine publisher. Its pay-television channels include three music six movie seven variety and entertainment channels and two sports channels. Its programs include telenovelas newscasts situation comedies game shows reality shows children’s programs comedy and variety programs musical and cultural events movies and educational programming. Its programming also includes broadcasts of special events and sports events in Mexico.

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