Grupo Televisa, S.A.B. (NYSE:TV) Downgraded by StockNews.com

StockNews.com cut shares of Grupo Televisa, S.A.B. (NYSE:TV) from a buy rating to a hold rating in a report released on Tuesday.

Other equities research analysts also recently issued research reports about the stock. 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 report on Monday, August 5th. Benchmark reaffirmed 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Grupo Televisa, S.A.B. currently has an average rating of Hold and a consensus price target of $5.16.

Grupo Televisa, S.A.B. Price Performance

Shares of NYSE:TV opened at $1.77 on Tuesday. The firm’s 50 day moving average is $2.23 and its two-hundred day moving average is $2.78. The firm has a market capitalization of $977.46 million, a P/E ratio of -2.03, a PEG ratio of 1.34 and a beta of 1.88. The company has a current ratio of 2.31, a quick ratio of 2.28 and a debt-to-equity ratio of 0.04. Grupo Televisa, S.A.B. has a 52 week low of $1.70 and a 52 week high of $4.09.

Institutional Trading of Grupo Televisa, S.A.B.

Large investors have recently added to or reduced their stakes in the business. Gamco Investors INC. ET AL raised its position in shares of Grupo Televisa, S.A.B. by 25.7% during the first quarter. Gamco Investors INC. ET AL now owns 14,618,608 shares of the company’s stock worth $46,780,000 after purchasing an additional 2,984,705 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Grupo Televisa, S.A.B. by 162.4% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,093,800 shares of the company’s stock valued at $10,333,000 after acquiring an additional 1,914,800 shares in the last quarter. GFS Advisors LLC grew its position in Grupo Televisa, S.A.B. by 210.3% during the 1st quarter. GFS Advisors LLC now owns 1,768,590 shares of the company’s stock worth $5,659,000 after purchasing an additional 1,198,590 shares in the last quarter. Discovery Capital Management LLC CT raised its stake in Grupo Televisa, S.A.B. by 6.2% during the 2nd quarter. Discovery Capital Management LLC CT now owns 16,944,935 shares of the company’s stock valued at $46,937,000 after purchasing an additional 993,295 shares during the period. Finally, Gabelli Funds LLC raised its stake 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 period. 55.77% of the stock is currently owned by institutional investors.

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.