Grupo Televisa, S.A.B. (NYSE:TV) Price Target Cut to $11.00 by Analysts at Benchmark

Grupo Televisa, S.A.B. (NYSE:TV) 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.

Grupo Televisa, S.A.B. Stock Down 9.7 %

Shares of NYSE:TV opened at $2.13 on Thursday. The company has a current ratio of 2.31, a quick ratio of 2.28 and a debt-to-equity ratio of 0.04. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of -2.45, a PEG ratio of 1.06 and a beta of 1.89. The stock’s 50-day moving average price is $2.19 and its two-hundred day moving average price is $2.56. Grupo Televisa, S.A.B. has a 12-month low of $1.69 and a 12-month high of $3.64.

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.