Grupo Televisa, S.A.B. (NYSE:TV – Free Report) had its price objective reduced by Benchmark from $12.00 to $11.00 in a report released on Thursday morning, Benzinga reports. They currently have a buy rating on the stock.
TV has been the topic of several other reports. StockNews.com cut shares of Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research report on Monday, September 30th. The Goldman Sachs Group decreased 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. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Grupo Televisa, S.A.B. currently has a consensus rating of “Moderate Buy” and an average price target of $5.35.
Check Out Our Latest Research Report on TV
Grupo Televisa, S.A.B. Stock Down 9.7 %
Institutional Trading of Grupo Televisa, S.A.B.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Central Pacific Bank Trust Division grew its stake in Grupo Televisa, S.A.B. by 50.0% during the third quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company’s stock worth $38,000 after buying an additional 5,000 shares during the period. Ballentine Partners LLC lifted its holdings in shares of 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 acquiring an additional 5,658 shares in the last quarter. SG Americas Securities LLC boosted its position in Grupo Televisa, S.A.B. by 35.7% during the 2nd 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 increased its holdings in Grupo Televisa, S.A.B. by 19.1% in the 2nd quarter. XTX Topco Ltd now owns 60,454 shares of the company’s stock valued at $167,000 after purchasing an additional 9,684 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in Grupo Televisa, S.A.B. in the second quarter valued at about $29,000. Institutional investors and hedge funds 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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