Grupo Televisa, S.A.B. (NYSE:TV) Upgraded 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 note issued to investors on Thursday.

Several other analysts have also commented on the stock. The Goldman Sachs Group lowered their price target on shares of Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a “buy” rating on the stock in a research report on Monday, August 5th. Benchmark lowered their price target on shares of Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Thursday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $5.35.

Grupo Televisa, S.A.B. Trading Down 9.7 %

Shares of TV opened at $2.13 on Thursday. 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 firm’s 50-day moving average is $2.19 and its two-hundred day moving average is $2.57. Grupo Televisa, S.A.B. has a twelve month low of $1.69 and a twelve month high of $3.64. The firm has a market capitalization of $1.18 billion, a P/E ratio of -2.42, a PEG ratio of 1.06 and a beta of 1.89.

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

A number of hedge funds have recently bought and sold shares of TV. Gamco Investors INC. ET AL boosted its position in 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 acquiring an additional 2,984,705 shares during the last quarter. Discovery Capital Management LLC CT boosted its position in Grupo Televisa, S.A.B. by 6.2% during the second quarter. Discovery Capital Management LLC CT now owns 16,944,935 shares of the company’s stock worth $46,937,000 after acquiring an additional 993,295 shares during the last quarter. Gabelli Funds LLC boosted its position in Grupo Televisa, S.A.B. by 14.9% during the first quarter. Gabelli Funds LLC now owns 7,042,600 shares of the company’s stock worth $22,536,000 after acquiring an additional 914,500 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Grupo Televisa, S.A.B. during the second quarter worth approximately $532,000. Finally, Banco Santander S.A. purchased a new position in Grupo Televisa, S.A.B. during the second quarter worth approximately $449,000. Institutional investors and hedge funds 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.