Grupo Televisa, S.A.B. (NYSE:TV) Given “Buy” Rating at Benchmark

Benchmark reiterated their buy rating on shares of Grupo Televisa, S.A.B. (NYSE:TV) in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a $8.00 price target on the stock.

TV has been the topic of a number of other research reports. JPMorgan Chase & Co. cut shares of Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a report on Thursday, November 14th. StockNews.com cut shares of Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Finally, The Goldman Sachs Group cut their price objective on shares of Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $4.57.

Grupo Televisa, S.A.B. Trading Up 1.8 %

NYSE:TV opened at $2.02 on Tuesday. Grupo Televisa, S.A.B. has a 12 month low of $1.66 and a 12 month high of $3.65. The company has a current ratio of 2.43, a quick ratio of 2.41 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average price of $1.85 and a 200-day moving average price of $2.06. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of -2.84 and a beta of 1.83.

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

Several institutional investors have recently bought and sold shares of TV. Sanctuary Advisors LLC bought a new position in shares of Grupo Televisa, S.A.B. in the second quarter worth approximately $29,000. Central Pacific Bank Trust Division raised its holdings in Grupo Televisa, S.A.B. by 66.7% in the 4th quarter. Central Pacific Bank Trust Division now owns 25,000 shares of the company’s stock worth $42,000 after acquiring an additional 10,000 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in Grupo Televisa, S.A.B. in the 3rd quarter valued at approximately $90,000. Ballentine Partners LLC boosted its stake in Grupo Televisa, S.A.B. by 18.0% during the 3rd quarter. Ballentine Partners LLC now owns 37,039 shares of the company’s stock valued at $95,000 after purchasing an additional 5,658 shares during the last quarter. Finally, PEAK6 Investments LLC purchased a new stake in Grupo Televisa, S.A.B. during the 3rd quarter valued at $119,000. 55.77% of the stock is owned by hedge funds and other 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.