Grupo Televisa, S.A.B. (NYSE:TV) PT Lowered to $11.00

Grupo Televisa, S.A.B. (NYSE:TV) had its target price lowered by Benchmark from $12.00 to $11.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Benchmark’s price target indicates a potential upside of 386.73% from the company’s previous close.

TV has been the topic of several other research reports. The Goldman Sachs Group reduced 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 research report on Monday, August 5th. 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. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Grupo Televisa, S.A.B. currently has a consensus rating of “Hold” and a consensus target price of $5.35.

Grupo Televisa, S.A.B. Trading Down 1.3 %

TV traded down $0.03 during mid-day trading on Thursday, hitting $2.26. 157,264 shares of the stock were exchanged, compared to its average volume of 1,513,308. The firm’s fifty day moving average is $2.18 and its two-hundred day moving average is $2.58. Grupo Televisa, S.A.B. has a 1-year low of $1.69 and a 1-year high of $3.64. The company has a market cap of $1.25 billion, a PE ratio of -2.57, a PEG ratio of 1.06 and a beta of 1.89. The company has a current ratio of 2.31, a quick ratio of 2.28 and a debt-to-equity ratio of 0.04.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division boosted its position in shares of Grupo Televisa, S.A.B. by 50.0% during the 3rd quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company’s stock worth $38,000 after acquiring an additional 5,000 shares in the last quarter. Ballentine Partners LLC lifted its stake in Grupo Televisa, S.A.B. by 18.0% during the third quarter. Ballentine Partners LLC now owns 37,039 shares of the company’s stock worth $95,000 after purchasing an additional 5,658 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Grupo Televisa, S.A.B. by 35.7% in the second quarter. SG Americas Securities LLC now owns 28,154 shares of the company’s stock valued at $78,000 after purchasing an additional 7,406 shares in the last quarter. XTX Topco Ltd increased its stake in Grupo Televisa, S.A.B. by 19.1% in the second 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 during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in Grupo Televisa, S.A.B. in the second quarter valued at approximately $29,000. Hedge funds and other institutional investors own 55.77% of the company’s stock.

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.