Grupo Televisa, S.A.B. (NYSE:TV – Get Free Report) shares dropped 7.8% during trading on Friday . The company traded as low as $2.13 and last traded at $2.13. Approximately 2,096,717 shares changed hands during trading, an increase of 41% from the average daily volume of 1,486,809 shares. The stock had previously closed at $2.31.
Wall Street Analysts Forecast Growth
TV has been the topic of several research analyst reports. StockNews.com upgraded Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. The Goldman Sachs Group cut 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 report on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Grupo Televisa, S.A.B. currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.16.
View Our Latest Report on Grupo Televisa, S.A.B.
Grupo Televisa, S.A.B. Stock Performance
Hedge Funds Weigh In On Grupo Televisa, S.A.B.
A number of institutional investors have recently added to or reduced their stakes in the stock. Ballentine Partners LLC lifted its stake in shares of Grupo Televisa, S.A.B. by 23.3% in the 2nd quarter. Ballentine Partners LLC now owns 31,381 shares of the company’s stock valued at $87,000 after purchasing an additional 5,939 shares during the last quarter. SG Americas Securities LLC raised its holdings in Grupo Televisa, S.A.B. by 35.7% in the 2nd quarter. SG Americas Securities LLC now owns 28,154 shares of the company’s stock valued at $78,000 after buying an additional 7,406 shares during the period. XTX Topco Ltd lifted its position in Grupo Televisa, S.A.B. by 19.1% in the second quarter. XTX Topco Ltd now owns 60,454 shares of the company’s stock valued at $167,000 after buying an additional 9,684 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Grupo Televisa, S.A.B. during the second quarter worth about $29,000. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of Grupo Televisa, S.A.B. during the first quarter valued at about $39,000. Hedge funds and other institutional investors own 55.77% of the company’s stock.
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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