Grupo Televisa, S.A.B. (NYSE:TV – Get Free Report) hit a new 52-week low during trading on Tuesday . The stock traded as low as $1.79 and last traded at $1.81, with a volume of 847802 shares trading hands. The stock had previously closed at $1.99.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on TV. StockNews.com downgraded Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research note on Tuesday. Benchmark reissued a “buy” rating and issued a $12.00 price objective on shares of Grupo Televisa, S.A.B. in a report on Thursday, May 16th. Finally, The Goldman Sachs Group lowered their target price on shares of Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a “buy” rating on the stock in a report on Monday, August 5th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $5.16.
Check Out Our Latest Stock Report on Grupo Televisa, S.A.B.
Grupo Televisa, S.A.B. Trading Down 1.1 %
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Gabelli Funds LLC lifted its holdings in Grupo Televisa, S.A.B. by 14.9% during the 1st quarter. Gabelli Funds LLC now owns 7,042,600 shares of the company’s stock valued at $22,536,000 after purchasing an additional 914,500 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Grupo Televisa, S.A.B. by 824.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 14,938 shares of the company’s stock worth $50,000 after buying an additional 13,322 shares during the last quarter. Jump Financial LLC boosted its holdings in shares of Grupo Televisa, S.A.B. by 223.8% during the 4th quarter. Jump Financial LLC now owns 216,924 shares of the company’s stock worth $725,000 after buying an additional 149,923 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in Grupo Televisa, S.A.B. by 47.9% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 284,575 shares of the company’s stock valued at $950,000 after buying an additional 92,150 shares during the last quarter. Finally, Central Pacific Bank Trust Division bought a new position in Grupo Televisa, S.A.B. in the 1st quarter valued at about $39,000. 55.77% of the stock is owned by institutional investors and hedge funds.
About Grupo Televisa, S.A.B.
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.
Read More
- Five stocks we like better than Grupo Televisa, S.A.B.
- The Most Important Warren Buffett Stock for Investors: His Own
- Top 3 Emerging Market ETFs to Watch as the U.S. Dollar Weakens
- Dividend Capture Strategy: What You Need to Know
- As Home Prices Hit Highs, These Apartment REITs Offer Growth
- What Do S&P 500 Stocks Tell Investors About the Market?
- 3 ETFs to Build a Simple and Balanced Stock Portfolio
Receive News & Ratings for Grupo Televisa S.A.B. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Televisa S.A.B. and related companies with MarketBeat.com's FREE daily email newsletter.