Grupo Televisa, S.A.B. (NYSE:TV) Lowered to “Hold” at StockNews.com

Grupo Televisa, S.A.B. (NYSE:TV) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

TV has been the subject of a number of other research reports. The Goldman Sachs Group reduced their price objective on Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a “buy” rating for the company in a research note on Monday, August 5th. Benchmark reissued a “buy” rating and issued a $12.00 price target on shares of Grupo Televisa, S.A.B. in a report on Thursday, May 16th. Five research analysts have rated the stock with a hold rating and two 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 “Hold” and an average price target of $5.16.

Grupo Televisa, S.A.B. Trading Down 1.1 %

Shares of Grupo Televisa, S.A.B. stock opened at $1.77 on Tuesday. The stock has a market cap of $980.23 million, a PE ratio of -2.03, a price-to-earnings-growth ratio of 1.34 and a beta of 1.88. The firm has a fifty day moving average price of $2.25 and a 200 day moving average price of $2.78. Grupo Televisa, S.A.B. has a 1 year low of $1.76 and a 1 year high of $4.25. 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 Trading of Grupo Televisa, S.A.B.

Several institutional investors have recently bought and sold shares of the business. Gabelli Funds LLC grew its position in shares of Grupo Televisa, S.A.B. by 14.9% in the first quarter. Gabelli Funds LLC now owns 7,042,600 shares of the company’s stock valued at $22,536,000 after purchasing an additional 914,500 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Grupo Televisa, S.A.B. by 824.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 14,938 shares of the company’s stock worth $50,000 after buying an additional 13,322 shares during the last quarter. Jump Financial LLC increased its stake in Grupo Televisa, S.A.B. by 223.8% during the 4th quarter. Jump Financial LLC now owns 216,924 shares of the company’s stock worth $725,000 after buying an additional 149,923 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. raised its holdings in shares of 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 acquiring an additional 92,150 shares during the last quarter. Finally, Central Pacific Bank Trust Division purchased a new position in shares of Grupo Televisa, S.A.B. in the first quarter valued at approximately $39,000. 55.77% of the stock is owned by institutional investors and hedge funds.

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.