Evercore ISI Sees Upside In Grupo Televisa (TV); Yahoo! (YHOO) Posts Above-Consensus Profit
Investment analysts at Evercore ISI initiated coverage on shares of Mexican broadcast giant Grupo Televisa, S.A.B. (NYSE:TV) with a Hold rating and a price target of $28.00.
Grupo Televisa recently reported 2015 consolidated net sales of Ps.88,051.8 million, representing a 9.9% increase year over year.
TV stock closed at $26.30, up $0.36 (or +1.39%), and 1,378,368 shares of the company exchanged hands on Tuesday’s trading session
Grupo Televisa, the largest media company in the Spanish-speaking world, has 2.89B Shares Outstanding, Market Capitalization (intraday) of $76.08B and TV stock 52-week range is from $23.25 to $40.05 per share
Shares of Yahoo! Inc. (Nasdaq:YHOO) surged slightly in after-hours trading Tuesday as the company delivered in its financial results better-than-expected quarterly profit and revenue numbers.
For the first quarter 2016, Yahoo! posted revenue ex-TAC ( = GAAP revenue less cost of revenue ) of $859.39 million and non-GAAP net income of $80.07 million, or $0.08 per diluted share, topping the Capital IQ Consensus Estimate of $0.07 earnings per share on revenues of $845.9 million for the period. The company said that it has been carefully reviewing and considering potential “strategic alternatives”
YHOO stock finished the regular session at $36.33, down $0.19 (or -0.52%), with a total volume of 20,460,607 shares traded during the day
Yahoo!, which provides search and display advertising services on Yahoo properties and affiliate sites worldwide, has 946.81M Shares Outstanding, Market Capitalization (intraday) of $34.40B and YHOO stock one-year range is between $26.15 and $45.10 per share
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