StockNews.com Lowers Grupo Televisa, S.A.B. (NYSE:TV) to Hold

StockNews.com lowered shares of Grupo Televisa, S.A.B. (NYSE:TV) from a buy rating to a hold rating in a research report released on Monday morning.

Separately, The Goldman Sachs Group cut their target price on shares of Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a buy rating for the company in a research report on Monday, August 5th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Hold and a consensus target price of $5.16.

Grupo Televisa, S.A.B. Price Performance

Shares of TV opened at $2.68 on Monday. The business’s 50-day moving average is $2.07 and its 200-day moving average is $2.65. 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 company has a market capitalization of $1.48 billion, a price-to-earnings ratio of -3.09, a P/E/G ratio of 1.12 and a beta of 1.88. Grupo Televisa, S.A.B. has a fifty-two week low of $1.69 and a fifty-two week high of $3.64.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Sanctuary Advisors LLC bought a new position in shares of Grupo Televisa, S.A.B. in the 2nd quarter valued at approximately $29,000. Central Pacific Bank Trust Division boosted its holdings in shares of Grupo Televisa, S.A.B. by 50.0% during the 3rd quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company’s stock worth $38,000 after buying an additional 5,000 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Grupo Televisa, S.A.B. by 824.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 14,938 shares of the company’s stock valued at $50,000 after acquiring an additional 13,322 shares during the period. Welch Group LLC acquired a new stake in Grupo Televisa, S.A.B. in the 2nd quarter valued at approximately $55,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Grupo Televisa, S.A.B. by 35.7% during the second quarter. SG Americas Securities LLC now owns 28,154 shares of the company’s stock worth $78,000 after buying an additional 7,406 shares during the last quarter. Institutional investors 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.