Grupo Televisa, S.A.B. (NYSE:TV) Receives $5.16 Average Price Target from Analysts

Grupo Televisa, S.A.B. (NYSE:TV) has been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $5.16.

Several analysts have issued reports on the stock. Benchmark reissued a “buy” rating and issued a $12.00 price objective on shares of Grupo Televisa, S.A.B. in a research note on Thursday, May 16th. The Goldman Sachs Group decreased their price target on 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.

Grupo Televisa, S.A.B. Price Performance

Grupo Televisa, S.A.B. stock opened at $2.03 on Friday. Grupo Televisa, S.A.B. has a 12-month low of $1.88 and a 12-month high of $4.69. The company has a current ratio of 2.31, a quick ratio of 2.28 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average price of $2.38 and a 200-day moving average price of $2.85. The firm has a market capitalization of $1.12 billion, a PE ratio of -2.33, a price-to-earnings-growth ratio of 1.31 and a beta of 1.88.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TV. Ieq Capital LLC purchased a new position in Grupo Televisa, S.A.B. during the 4th quarter valued at about $37,000. Central Pacific Bank Trust Division bought a new position in shares of Grupo Televisa, S.A.B. during the first quarter valued at approximately $39,000. PNC Financial Services Group Inc. increased its holdings in 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 buying an additional 13,322 shares during the period. Welch Group LLC bought a new position in Grupo Televisa, S.A.B. in the second quarter worth approximately $55,000. Finally, West Family Investments Inc. purchased a new stake in Grupo Televisa, S.A.B. during the fourth quarter worth $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.