Grupo Televisa, S.A.B. (NYSE:TV) Upgraded to Buy by StockNews.com

Grupo Televisa, S.A.B. (NYSE:TV) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Other equities analysts have also recently issued reports about the stock. Benchmark cut their target price on shares of Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Thursday. The Goldman Sachs Group reduced 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 report on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Grupo Televisa, S.A.B. presently has an average rating of “Moderate Buy” and a consensus target price of $5.35.

Grupo Televisa, S.A.B. Price Performance

TV stock traded up $0.06 during midday trading on Thursday, hitting $2.36. The company’s stock had a trading volume of 1,656,441 shares, compared to its average volume of 1,520,585. The company has a quick ratio of 2.28, a current ratio of 2.31 and a debt-to-equity ratio of 0.04. Grupo Televisa, S.A.B. has a 12 month low of $1.69 and a 12 month high of $3.64. The company has a 50 day moving average of $2.19 and a two-hundred day moving average of $2.58. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of -2.68, a price-to-earnings-growth ratio of 1.06 and a beta of 1.89.

Institutional Investors Weigh In On Grupo Televisa, S.A.B.

Several institutional investors have recently modified their holdings of TV. Sanctuary Advisors LLC bought a new position in shares of Grupo Televisa, S.A.B. during the 2nd quarter valued at approximately $29,000. Central Pacific Bank Trust Division purchased a new stake in Grupo Televisa, S.A.B. in the 1st quarter worth about $39,000. PNC Financial Services Group Inc. raised its position in 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 period. Welch Group LLC bought a new stake in Grupo Televisa, S.A.B. in the second quarter worth about $55,000. Finally, Ballentine Partners LLC boosted its position in shares of Grupo Televisa, S.A.B. by 74.1% during the first quarter. Ballentine Partners LLC now owns 25,442 shares of the company’s stock valued at $81,000 after buying an additional 10,828 shares during the period. 55.77% of the stock is owned by institutional investors.

About Grupo Televisa, S.A.B.

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.