Grupo Televisa, S.A.B. (NYSE:TV) Lifted to Buy at 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 report released on Wednesday.

Several other research firms also recently commented on TV. The Goldman Sachs Group dropped their target price on 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. Benchmark reiterated a buy rating and issued a $12.00 target price on shares of Grupo Televisa, S.A.B. in a research report on Thursday, May 16th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $5.16.

Grupo Televisa, S.A.B. Price Performance

Shares of TV stock opened at $1.86 on Wednesday. The company has a quick ratio of 2.28, a current ratio of 2.31 and a debt-to-equity ratio of 0.04. Grupo Televisa, S.A.B. has a twelve month low of $1.69 and a twelve month high of $3.65. The company has a market cap of $1.03 billion, a P/E ratio of -2.14, a P/E/G ratio of 0.86 and a beta of 1.88. The business has a fifty day simple moving average of $2.13 and a 200 day simple moving average of $2.71.

Hedge Funds Weigh In On Grupo Televisa, S.A.B.

A number of hedge funds have recently made changes to their positions in the stock. Ballentine Partners LLC raised its position in shares of Grupo Televisa, S.A.B. by 23.3% during the second quarter. Ballentine Partners LLC now owns 31,381 shares of the company’s stock worth $87,000 after acquiring an additional 5,939 shares during the last quarter. SG Americas Securities LLC grew its stake in 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 purchasing an additional 7,406 shares during the period. XTX Topco Ltd grew its stake in Grupo Televisa, S.A.B. by 19.1% during the second quarter. XTX Topco Ltd now owns 60,454 shares of the company’s stock worth $167,000 after purchasing an additional 9,684 shares during the period. Sanctuary Advisors LLC acquired a new stake in Grupo Televisa, S.A.B. during the second quarter worth approximately $29,000. Finally, Ieq Capital LLC acquired a new stake in Grupo Televisa, S.A.B. during the fourth quarter worth approximately $37,000. 55.77% of the stock is currently owned by institutional investors.

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.