StockNews.com Downgrades Grupo Televisa, S.A.B. (NYSE:TV) to Hold

Grupo Televisa, S.A.B. (NYSE:TV) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Monday.

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

Grupo Televisa, S.A.B. Stock Up 2.6 %

Shares of NYSE TV traded up $0.06 during trading on Monday, reaching $2.56. The company had a trading volume of 3,043,014 shares, compared to its average volume of 2,515,121. Grupo Televisa, S.A.B. has a 12-month low of $1.69 and a 12-month high of $3.64. The stock has a market cap of $1.41 billion, a PE ratio of -2.94, a P/E/G ratio of 1.12 and a beta of 1.88. The business’s 50-day moving average is $2.07 and its 200 day moving average is $2.66. The company has a quick ratio of 2.28, a current ratio of 2.31 and a debt-to-equity ratio of 0.04.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC purchased a new position in shares of Grupo Televisa, S.A.B. during the 2nd quarter valued at about $29,000. Central Pacific Bank Trust Division purchased a new stake in Grupo Televisa, S.A.B. during the 1st quarter valued at $39,000. PNC Financial Services Group Inc. lifted its stake in shares of Grupo Televisa, S.A.B. by 824.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 14,938 shares of the company’s stock worth $50,000 after acquiring an additional 13,322 shares during the last quarter. Welch Group LLC bought a new stake in shares of Grupo Televisa, S.A.B. during the second quarter worth $55,000. Finally, SG Americas Securities LLC boosted its position 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. 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.