Grupo Televisa, S.A.B. (NYSE:TV) Sets New 1-Year Low at $1.79

Grupo Televisa, S.A.B. (NYSE:TV) 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.

Grupo Televisa, S.A.B. Trading Down 1.1 %

The company has a debt-to-equity ratio of 0.04, a current ratio of 2.31 and a quick ratio of 2.28. The business has a 50-day simple moving average of $2.25 and a two-hundred day simple moving average of $2.78. The stock has a market cap of $980.23 million, a price-to-earnings ratio of -2.03, a P/E/G ratio of 1.34 and a beta of 1.88.

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.