Grupo Televisa, S.A.B. (NYSE:TV) Upgraded at StockNews.com

StockNews.com upgraded shares of Grupo Televisa, S.A.B. (NYSE:TV) 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.

Grupo Televisa, S.A.B. Price Performance

Shares of Grupo Televisa, S.A.B. stock opened at $1.86 on Wednesday. Grupo Televisa, S.A.B. has a twelve month low of $1.69 and a twelve month high of $3.65. The business’s fifty day moving average price is $2.13 and its 200 day moving average price is $2.71. The stock has a market capitalization of $1.03 billion, a P/E ratio of -2.14, a PEG ratio of 0.82 and a beta of 1.88. The company has a current ratio of 2.31, a quick ratio of 2.28 and a debt-to-equity ratio of 0.04.

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.