Grupo Televisa, S.A.B. (NYSE:TV) Stock Rating Lowered by StockNews.com

Grupo Televisa, S.A.B. (NYSE:TV) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

Separately, The Goldman Sachs Group decreased their target price on shares of 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. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $5.16.

Grupo Televisa, S.A.B. Stock Performance

Shares of NYSE:TV opened at $2.62 on Monday. Grupo Televisa, S.A.B. has a 12-month low of $1.69 and a 12-month high of $3.64. The company’s 50 day moving average price is $2.07 and its two-hundred day moving average price is $2.66. The firm has a market cap of $1.45 billion, a PE ratio of -3.00, a PEG ratio of 1.12 and a beta of 1.88. The company has a quick ratio of 2.28, a current ratio of 2.31 and a debt-to-equity ratio of 0.04.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Discovery Capital Management LLC CT raised its holdings in Grupo Televisa, S.A.B. by 6.2% in the 2nd quarter. Discovery Capital Management LLC CT now owns 16,944,935 shares of the company’s stock valued at $46,937,000 after buying an additional 993,295 shares during the last quarter. Gamco Investors INC. ET AL lifted 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 worth $46,780,000 after purchasing an additional 2,984,705 shares during the period. Prudential PLC grew its stake in shares of Grupo Televisa, S.A.B. by 0.4% in the fourth quarter. Prudential PLC now owns 8,519,013 shares of the company’s stock worth $28,454,000 after purchasing an additional 33,005 shares during the last quarter. Gabelli Funds LLC increased its holdings in Grupo Televisa, S.A.B. by 0.3% in the second quarter. Gabelli Funds LLC now owns 7,061,624 shares of the company’s stock valued at $19,561,000 after purchasing an additional 19,024 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its position in Grupo Televisa, S.A.B. by 162.4% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,093,800 shares of the company’s stock worth $10,333,000 after purchasing an additional 1,914,800 shares during the last quarter. 55.77% of the stock is currently 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.