Grupo Televisa, S.A.B. (NYSE:TV) Price Target Lowered to $11.00 at Benchmark

Grupo Televisa, S.A.B. (NYSE:TV) had its price objective trimmed by Benchmark from $12.00 to $11.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a buy rating on the stock.

Other research analysts have also issued research reports about the stock. The Goldman Sachs Group dropped their price target on shares of Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a “buy” rating for the company in a research report on Monday, August 5th. StockNews.com cut Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a report on Monday, September 30th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $5.35.

Grupo Televisa, S.A.B. Trading Down 9.7 %

Shares of Grupo Televisa, S.A.B. stock opened at $2.13 on Thursday. Grupo Televisa, S.A.B. has a 52-week low of $1.69 and a 52-week high of $3.64. The firm has a market capitalization of $1.18 billion, a PE ratio of -2.42, a price-to-earnings-growth ratio of 1.06 and a beta of 1.89. 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 company’s fifty day moving average price is $2.19 and its two-hundred day moving average price is $2.57.

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

Large investors have recently added to or reduced their stakes in the company. Gabelli Funds LLC raised its stake in shares of Grupo Televisa, S.A.B. by 14.9% in the first quarter. Gabelli Funds LLC now owns 7,042,600 shares of the company’s stock valued at $22,536,000 after acquiring an additional 914,500 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Grupo Televisa, S.A.B. by 824.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 14,938 shares of the company’s stock valued at $50,000 after purchasing an additional 13,322 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in Grupo Televisa, S.A.B. in the first quarter worth $39,000. Ballentine Partners LLC grew its holdings in shares of Grupo Televisa, S.A.B. by 74.1% during the first quarter. Ballentine Partners LLC now owns 25,442 shares of the company’s stock worth $81,000 after purchasing an additional 10,828 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Grupo Televisa, S.A.B. by 35.7% in the second quarter. SG Americas Securities LLC now owns 28,154 shares of the company’s stock valued at $78,000 after buying an additional 7,406 shares in the last quarter. 55.77% of the stock is 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.