Benchmark Co. Sticks to Their Buy Rating for Grupo Televisa, S.A.B. (TV)

In a report released today, Matthew Harrigan from Benchmark Co. maintained a Buy rating on Grupo Televisa, S.A.B., with a price target of $9.00. The company’s shares closed yesterday at $2.80.

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According to TipRanks, Harrigan is a 2-star analyst with an average return of 0.4% and a 54.77% success rate. Harrigan covers the Communication Services sector, focusing on stocks such as Comcast, Warner Bros, and Liberty Global A.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Grupo Televisa, S.A.B. with a $4.28 average price target.

Based on Grupo Televisa, S.A.B.’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $15.23 billion and a GAAP net loss of $9.84 billion. In comparison, last year the company earned a revenue of $18.41 billion and had a GAAP net loss of $8.66 billion