Grupo Televisa, S.A.B. (NYSE:TV) Given New $2.20 Price Target at The Goldman Sachs Group

Grupo Televisa, S.A.B. (NYSE:TV) had its target price cut by The Goldman Sachs Group from $2.50 to $2.20 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts also recently weighed in on TV. JPMorgan Chase & Co. downgraded Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research note on Thursday, November 14th. Benchmark reduced their price target on Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Finally, StockNews.com lowered Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $5.57.

Grupo Televisa, S.A.B. Trading Up 1.4 %

NYSE:TV opened at $1.80 on Tuesday. The firm has a market capitalization of $994.07 million, a P/E ratio of -2.53 and a beta of 1.82. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 2.41. Grupo Televisa, S.A.B. has a one year low of $1.66 and a one year high of $3.65. The company’s 50-day simple moving average is $1.86 and its 200 day simple moving average is $2.09.

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

Several institutional investors have recently added to or reduced their stakes in TV. BNP Paribas Financial Markets raised its stake in shares of Grupo Televisa, S.A.B. by 1,005,403.7% in the third quarter. BNP Paribas Financial Markets now owns 271,486 shares of the company’s stock worth $695,000 after purchasing an additional 271,459 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in Grupo Televisa, S.A.B. in the 3rd quarter worth about $1,463,000. Central Pacific Bank Trust Division raised its position in Grupo Televisa, S.A.B. by 66.7% in the 4th quarter. Central Pacific Bank Trust Division now owns 25,000 shares of the company’s stock worth $42,000 after buying an additional 10,000 shares during the last quarter. Thrivent Financial for Lutherans bought a new position in Grupo Televisa, S.A.B. during the 3rd quarter valued at about $284,000. Finally, PEAK6 Investments LLC purchased a new stake in shares of Grupo Televisa, S.A.B. during the 3rd quarter valued at about $119,000. 55.77% of the stock is currently owned by hedge funds and other 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.