Grupo Televisa, S.A.B.’s (TV) “Buy” Rating Reiterated at Benchmark

Benchmark restated their buy rating on shares of Grupo Televisa, S.A.B. (NYSE:TV) in a report issued on Tuesday,Benzinga reports. The brokerage currently has a $8.00 target price on the stock.

Several other equities research analysts have also recently issued reports on the company. The Goldman Sachs Group lowered their price objective on Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a “buy” rating on the stock in a report on Tuesday, January 28th. StockNews.com cut Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Finally, JPMorgan Chase & Co. lowered Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $4.57.

Grupo Televisa, S.A.B. Price Performance

Shares of Grupo Televisa, S.A.B. stock opened at $2.16 on Tuesday. The firm has a market cap of $1.19 billion, a PE ratio of -3.04 and a beta of 1.83. Grupo Televisa, S.A.B. has a twelve month low of $1.66 and a twelve month high of $3.64. The company has a quick ratio of 2.41, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $1.85 and a 200 day moving average price of $2.06.

Hedge Funds Weigh In On Grupo Televisa, S.A.B.

A number of hedge funds have recently made changes to their positions in the stock. GFS Advisors LLC acquired a new position in Grupo Televisa, S.A.B. in the 4th quarter valued at about $3,600,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of Grupo Televisa, S.A.B. by 245.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,976,394 shares of the company’s stock valued at $3,320,000 after purchasing an additional 1,404,933 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Grupo Televisa, S.A.B. in the fourth quarter valued at approximately $939,000. Gamco Investors INC. ET AL increased its stake in Grupo Televisa, S.A.B. by 3.0% during the 4th quarter. Gamco Investors INC. ET AL now owns 17,119,063 shares of the company’s stock worth $28,760,000 after buying an additional 500,271 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in Grupo Televisa, S.A.B. by 1,005,403.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 271,486 shares of the company’s stock worth $695,000 after buying an additional 271,459 shares in the last quarter. 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.