StockNews.com upgraded shares of Grupo Televisa, S.A.B. (NYSE:TV – Free Report) 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.
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Grupo Televisa, S.A.B. Trading Up 0.4 %
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.
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