Grupo Televisa, S.A.B. (NYSE:TV – Get Free Report)’s share price fell 3.4% on Wednesday . The company traded as low as $2.00 and last traded at $2.01. 389,006 shares traded hands during trading, a decline of 72% from the average session volume of 1,401,509 shares. The stock had previously closed at $2.08.
Analyst Upgrades and Downgrades
Several analysts recently commented on TV shares. The Goldman Sachs Group reduced their price objective on shares of 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 set a $12.00 price target on shares of Grupo Televisa, S.A.B. in a research note on Thursday, May 16th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $5.16.
Check Out Our Latest Analysis on TV
Grupo Televisa, S.A.B. Stock Down 2.4 %
Institutional Trading of Grupo Televisa, S.A.B.
Hedge funds have recently made changes to their positions in the stock. Ieq Capital LLC acquired a new stake in shares of Grupo Televisa, S.A.B. in the fourth quarter valued at approximately $37,000. Central Pacific Bank Trust Division bought a new position in shares of Grupo Televisa, S.A.B. in the first quarter worth $39,000. PNC Financial Services Group Inc. increased its holdings in shares of Grupo Televisa, S.A.B. by 824.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 14,938 shares of the company’s stock valued at $50,000 after purchasing an additional 13,322 shares during the period. Welch Group LLC acquired a new position in shares of Grupo Televisa, S.A.B. during the second quarter valued at $55,000. Finally, West Family Investments Inc. bought a new stake in shares of Grupo Televisa, S.A.B. during the fourth quarter valued at about $68,000. 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.
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