Grupo Televisa, S.A.B. (NYSE:TV) Upgraded to “Buy” by 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 Thursday morning.

Other analysts have also issued reports about 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 on the stock in a report on Monday, August 5th. Benchmark decreased their target price on shares of Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $5.35.

Grupo Televisa, S.A.B. Trading Up 0.4 %

Shares of TV stock opened at $2.37 on Thursday. The stock has a market cap of $1.31 billion, a P/E ratio of -2.68, a price-to-earnings-growth ratio of 1.06 and a beta of 1.89. Grupo Televisa, S.A.B. has a 1 year low of $1.69 and a 1 year high of $3.64. The company has a current ratio of 2.31, a quick ratio of 2.28 and a debt-to-equity ratio of 0.04. The stock has a 50 day simple moving average of $2.19 and a 200 day simple moving average of $2.58.

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

Several institutional investors and hedge funds have recently modified their holdings of the business. Sanctuary Advisors LLC acquired a new position in Grupo Televisa, S.A.B. during the second quarter worth about $29,000. Central Pacific Bank Trust Division acquired a new position in Grupo Televisa, S.A.B. during the 1st quarter worth approximately $39,000. PNC Financial Services Group Inc. lifted its stake 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 valued at $50,000 after purchasing an additional 13,322 shares during the last quarter. Welch Group LLC acquired a new stake in Grupo Televisa, S.A.B. in the second quarter valued at approximately $55,000. Finally, Ballentine Partners LLC grew its stake 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 worth $81,000 after buying an additional 10,828 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.