Grupo Televisa S.A. (NYSE:TV) has earned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $27.00.
Several brokerages have recently weighed in on TV. BidaskClub upgraded Grupo Televisa from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Morgan Stanley cut Grupo Televisa from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $29.00 to $28.00 in a research report on Thursday, August 10th. Credit Suisse Group set a $27.00 price target on Grupo Televisa and gave the company a “hold” rating in a research report on Saturday, July 1st. Finally, ValuEngine cut Grupo Televisa from a “hold” rating to a “sell” rating in a research report on Monday, August 14th.
Shares of Grupo Televisa (NYSE:TV) traded down 0.42% during midday trading on Friday, reaching $23.55. 1,037,429 shares of the company’s stock were exchanged. Grupo Televisa has a 12 month low of $19.69 and a 12 month high of $27.37. The company has a market cap of $58.37 billion, a P/E ratio of 287.20 and a beta of 1.30. The firm has a 50 day moving average price of $24.79 and a 200 day moving average price of $25.19.
Several hedge funds and other institutional investors have recently modified their holdings of TV. Comerica Bank grew its holdings in shares of Grupo Televisa by 2.1% during the first quarter. Comerica Bank now owns 38,787 shares of the company’s stock worth $942,000 after purchasing an additional 814 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in shares of Grupo Televisa by 4.3% during the first quarter. Neuberger Berman Group LLC now owns 38,561 shares of the company’s stock worth $1,000,000 after purchasing an additional 1,587 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Grupo Televisa by 7.5% during the first quarter. Asset Management One Co. Ltd. now owns 40,781 shares of the company’s stock worth $1,066,000 after purchasing an additional 2,849 shares in the last quarter. Ngam Advisors L.P. grew its holdings in shares of Grupo Televisa by 26.0% during the first quarter. Ngam Advisors L.P. now owns 14,459 shares of the company’s stock worth $375,000 after purchasing an additional 2,981 shares in the last quarter. Finally, KCG Holdings Inc. purchased a new position in shares of Grupo Televisa during the first quarter worth about $468,000. 58.28% of the stock is owned by institutional investors.
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Grupo Televisa Company Profile
Grupo Televisa, SAB. is a media company in the international entertainment business. The Company operates in four business segments: Content, Sky, Telecommunications, and Other Businesses. It operates four broadcast channels in Mexico City and has affiliated stations throughout the country. It produces pay-television channels with national and international feeds, throughout Latin America, the United States, Canada, Europe and Asia Pacific.
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