Grupo Televisa (NYSE:TV) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Grupo Televisa (NYSE:TV) from a strong sell rating to a hold rating in a report published on Monday morning,Zacks.com reports.

TV has been the subject of several other research reports. UBS Group reiterated a “buy” rating on shares of Grupo Televisa in a research note on Monday, October 27th. Benchmark reiterated a “buy” rating on shares of Grupo Televisa in a research report on Friday, January 2nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Grupo Televisa in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Grupo Televisa has an average rating of “Hold” and an average target price of $5.07.

Grupo Televisa Stock Performance

TV stock traded up $0.04 on Monday, reaching $3.35. 314,427 shares of the company were exchanged, compared to its average volume of 994,793. The firm has a market capitalization of $1.86 billion, a PE ratio of -3.31, a PEG ratio of 1.29 and a beta of 1.95. Grupo Televisa has a 12 month low of $1.55 and a 12 month high of $3.47. The stock’s fifty day moving average price is $2.94 and its 200 day moving average price is $2.71. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.31 and a quick ratio of 2.29.

Hedge Funds Weigh In On Grupo Televisa

Several institutional investors have recently added to or reduced their stakes in TV. JPMorgan Chase & Co. grew its stake in Grupo Televisa by 52.0% during the second quarter. JPMorgan Chase & Co. now owns 21,059,394 shares of the company’s stock worth $46,120,000 after buying an additional 7,204,072 shares during the last quarter. Acadian Asset Management LLC grew its position in Grupo Televisa by 32.9% during the 2nd quarter. Acadian Asset Management LLC now owns 10,222,182 shares of the company’s stock worth $22,376,000 after acquiring an additional 2,533,311 shares during the last quarter. GFS Advisors LLC acquired a new stake in Grupo Televisa during the 2nd quarter valued at $4,692,000. ABC Arbitrage SA bought a new position in Grupo Televisa in the 2nd quarter valued at $2,321,000. Finally, Man Group plc acquired a new position in Grupo Televisa in the second quarter worth $2,291,000. 55.77% of the stock is owned by institutional investors.

About Grupo Televisa

Grupo Televisa, SAB. is a leading Mexican multimedia conglomerate headquartered in Mexico City, specializing in the creation, production and distribution of Spanish-language content. The company operates free-to-air television networks, subscription pay-TV services, broadband and telephony under its cable arm, and a range of digital streaming platforms. Grupo Televisa’s portfolio spans news, sports, telenovelas, reality programming and original series, positioning it as one of the largest content producers in the Spanish-speaking world.

Televisa’s broadcast division includes flagship channels such as Las Estrellas and Canal 5, while its pay-TV segment features operations under brands like Sky México and Izzi Telecom.