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

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

A number of other research firms have also commented on TV. The Goldman Sachs Group cut their price objective on Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a “buy” rating on the stock in a research note on Monday, August 5th. Benchmark reissued a “buy” rating and issued a $12.00 price target on shares of Grupo Televisa, S.A.B. in a research note on Thursday, May 16th. 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 company currently has a consensus rating of “Hold” and an average price target of $5.16.

Grupo Televisa, S.A.B. Price Performance

Grupo Televisa, S.A.B. stock opened at $1.82 on Wednesday. The stock’s 50 day moving average is $2.15 and its 200 day moving average is $2.72. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.31 and a quick ratio of 2.28. The firm has a market cap of $1.01 billion, a P/E ratio of -2.09, a P/E/G ratio of 0.82 and a beta of 1.88. Grupo Televisa, S.A.B. has a one year low of $1.69 and a one year high of $3.65.

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

Several hedge funds and other institutional investors have recently modified their holdings of TV. Gamco Investors INC. ET AL increased its holdings in shares of Grupo Televisa, S.A.B. by 25.7% during the first quarter. Gamco Investors INC. ET AL now owns 14,618,608 shares of the company’s stock valued at $46,780,000 after acquiring an additional 2,984,705 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Grupo Televisa, S.A.B. by 162.4% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,093,800 shares of the company’s stock worth $10,333,000 after buying an additional 1,914,800 shares in the last quarter. GFS Advisors LLC grew its holdings in Grupo Televisa, S.A.B. by 210.3% during the first quarter. GFS Advisors LLC now owns 1,768,590 shares of the company’s stock worth $5,659,000 after buying an additional 1,198,590 shares in the last quarter. Discovery Capital Management LLC CT grew its holdings in Grupo Televisa, S.A.B. by 6.2% during the second quarter. Discovery Capital Management LLC CT now owns 16,944,935 shares of the company’s stock worth $46,937,000 after buying an additional 993,295 shares in the last quarter. Finally, Gabelli Funds LLC grew its holdings in Grupo Televisa, S.A.B. by 14.9% during the first quarter. Gabelli Funds LLC now owns 7,042,600 shares of the company’s stock worth $22,536,000 after buying an additional 914,500 shares in the last quarter. Institutional investors own 55.77% of the company’s stock.

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.