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

StockNews.com downgraded shares of Grupo Televisa, S.A.B. (NYSE:TV) from a buy rating to a hold rating in a research report report published on Monday.

Separately, The Goldman Sachs Group dropped their price objective on shares of Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a buy rating on the stock in a research report on Monday, August 5th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $5.16.

Grupo Televisa, S.A.B. Trading Down 4.5 %

NYSE TV opened at $2.56 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.28 and a current ratio of 2.31. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of -2.94, a PEG ratio of 1.12 and a beta of 1.88. The firm has a 50 day simple moving average of $2.08 and a 200-day simple moving average of $2.65. Grupo Televisa, S.A.B. has a one year low of $1.69 and a one year high of $3.64.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Gamco Investors INC. ET AL grew its position in shares of Grupo Televisa, S.A.B. by 25.7% during the first quarter. Gamco Investors INC. ET AL now owns 14,618,608 shares of the company’s stock worth $46,780,000 after acquiring an additional 2,984,705 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in Grupo Televisa, S.A.B. by 162.4% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,093,800 shares of the company’s stock valued at $10,333,000 after purchasing an additional 1,914,800 shares during the period. Discovery Capital Management LLC CT boosted its holdings in Grupo Televisa, S.A.B. by 6.2% in the 2nd quarter. Discovery Capital Management LLC CT now owns 16,944,935 shares of the company’s stock valued at $46,937,000 after purchasing an additional 993,295 shares in the last quarter. Gabelli Funds LLC increased its position in Grupo Televisa, S.A.B. by 14.9% during the 1st quarter. Gabelli Funds LLC now owns 7,042,600 shares of the company’s stock worth $22,536,000 after purchasing an additional 914,500 shares during the period. Finally, CastleKnight Management LP raised its stake in shares of Grupo Televisa, S.A.B. by 160.3% during the 4th quarter. CastleKnight Management LP now owns 455,000 shares of the company’s stock worth $1,520,000 after buying an additional 280,200 shares in the last quarter. 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.