Grupo Televisa, S.A.B. (NYSE:TV) Raised to “Buy” 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 published on Monday morning.

Several other research analysts also recently weighed in on the company. 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 for the company in a research note on Monday, August 5th. Benchmark reiterated a buy rating and issued a $12.00 target price on shares of Grupo Televisa, S.A.B. in a research report on Thursday, May 16th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Grupo Televisa, S.A.B. currently has a consensus rating of Hold and an average target price of $5.16.

Grupo Televisa, S.A.B. Stock Down 1.0 %

Shares of TV opened at $2.00 on Monday. The company has a quick ratio of 2.28, a current ratio of 2.31 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of -2.30, a PEG ratio of 1.36 and a beta of 1.88. The stock’s 50-day moving average price is $2.32 and its 200-day moving average price is $2.82. Grupo Televisa, S.A.B. has a 52 week low of $1.88 and a 52 week high of $4.69.

Institutional Trading of Grupo Televisa, S.A.B.

Several institutional investors and hedge funds have recently bought and sold shares of TV. Raymond James & Associates acquired a new stake in shares of Grupo Televisa, S.A.B. during the fourth quarter worth about $130,000. Signaturefd LLC raised its position in shares of Grupo Televisa, S.A.B. by 132.8% during the 4th quarter. Signaturefd LLC now owns 53,293 shares of the company’s stock worth $178,000 after acquiring an additional 30,404 shares in the last quarter. West Family Investments Inc. purchased a new stake in Grupo Televisa, S.A.B. during the fourth quarter worth approximately $68,000. Levin Capital Strategies L.P. increased its stake in Grupo Televisa, S.A.B. by 61.2% in the fourth quarter. Levin Capital Strategies L.P. now owns 8,216,992 shares of the company’s stock valued at $27,445,000 after purchasing an additional 3,119,098 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Grupo Televisa, S.A.B. by 443,655.6% during the fourth quarter. BNP Paribas Financial Markets now owns 119,814 shares of the company’s stock worth $400,000 after purchasing an additional 119,787 shares in the last quarter. 55.77% of the stock is currently owned by hedge funds and other institutional investors.

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.