StockNews.com upgraded shares of Grupo Televisa, S.A.B. (NYSE:TV – Free Report) from a hold rating to a buy rating in a research note released on Wednesday.
Several other equities analysts have also commented on the company. Benchmark reissued a buy rating and set a $12.00 price target on shares of Grupo Televisa, S.A.B. in a research report on Thursday, May 16th. The Goldman Sachs Group cut their target price on Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a buy rating on the stock in a research report on Monday, August 5th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $5.16.
Read Our Latest Report on Grupo Televisa, S.A.B.
Grupo Televisa, S.A.B. Price Performance
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Sanctuary Advisors LLC acquired a new position in shares of Grupo Televisa, S.A.B. in the 2nd quarter valued at about $29,000. Ieq Capital LLC acquired a new position in Grupo Televisa, S.A.B. in the fourth quarter valued at approximately $37,000. Central Pacific Bank Trust Division bought a new position in shares of Grupo Televisa, S.A.B. during the first quarter valued at approximately $39,000. PNC Financial Services Group Inc. lifted its holdings in shares of Grupo Televisa, S.A.B. by 824.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 14,938 shares of the company’s stock worth $50,000 after purchasing an additional 13,322 shares during the last quarter. Finally, Welch Group LLC acquired a new position in Grupo Televisa, S.A.B. during the 2nd quarter valued at approximately $55,000. Institutional investors and hedge funds own 55.77% of the company’s stock.
Grupo Televisa, S.A.B. Company Profile
Grupo Televisa, SAB., together with its subsidiaries, owns and operates cable companies and provides direct-to-home satellite pay television system in Mexico and the United States. It operates through three segments: Cable, Sky, and Other Businesses. The Cable segment operates cable multiple system that provides basic and premium television subscription, pay-per-view, installation, Internet subscription, and telephone and mobile services subscription, as well as local and national advertising services; and telecommunication facilities, which offers data and long-distance services solutions to carriers and other telecommunications service providers through its fiber-optic network.
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