Grupo Televisa, S.A.B. (NYSE:TV) Downgraded by StockNews.com

StockNews.com downgraded shares of Grupo Televisa, S.A.B. (NYSE:TV) from a buy rating to a hold rating in a research note published on Monday.

Separately, The Goldman Sachs Group dropped their price objective on 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. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Grupo Televisa, S.A.B. presently has a consensus rating of Hold and an average target price of $5.16.

Grupo Televisa, S.A.B. Price Performance

Grupo Televisa, S.A.B. stock opened at $2.56 on Monday. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of -2.94, a price-to-earnings-growth ratio of 1.12 and a beta of 1.88. The firm has a 50-day moving average of $2.08 and a two-hundred day moving average of $2.65. 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 debt-to-equity ratio of 0.04, a current ratio of 2.31 and a quick ratio of 2.28.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets grew its holdings in Grupo Televisa, S.A.B. by 443,655.6% during the fourth quarter. BNP Paribas Financial Markets now owns 119,814 shares of the company’s stock worth $400,000 after acquiring an additional 119,787 shares during the period. Corient Private Wealth LLC grew its stake in shares of Grupo Televisa, S.A.B. by 68.2% during the 4th quarter. Corient Private Wealth LLC now owns 250,180 shares of the company’s stock worth $836,000 after purchasing an additional 101,425 shares during the period. Gabelli Funds LLC lifted its stake in shares of Grupo Televisa, S.A.B. by 14.7% in the 4th quarter. Gabelli Funds LLC now owns 6,128,100 shares of the company’s stock valued at $20,468,000 after purchasing an additional 783,900 shares during the period. Keeley Teton Advisors LLC acquired a new position in shares of Grupo Televisa, S.A.B. in the 4th quarter valued at $399,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. grew its position in Grupo Televisa, S.A.B. by 47.9% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 284,575 shares of the company’s stock valued at $950,000 after buying an additional 92,150 shares during the period. 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.