Grupo Televisa, S.A.B. (NYSE:TV) Earns "Buy" Rating from Benchmark

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report)'s stock had its "buy" rating reaffirmed by equities researchers at Benchmark in a research note issued on Tuesday,Benzinga reports. They currently have a $8.00 price target on the stock. Benchmark's price objective suggests a potential upside of 305.06% from the stock's current price.

TV has been the subject of a number of other research reports. StockNews.com cut Grupo Televisa, S.A.B. from a "buy" rating to a "hold" rating in a report on Thursday, November 28th. The Goldman Sachs Group decreased their price target on Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a "buy" rating for the company in a research note on Tuesday, January 28th. Finally, JPMorgan Chase & Co. lowered Grupo Televisa, S.A.B. from an "overweight" rating to a "neutral" rating in a research note on Thursday, November 14th. Three investment 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 currently has a consensus rating of "Hold" and a consensus target price of $4.57.

Grupo Televisa, S.A.B. Stock Down 0.3 %

TV stock traded down $0.01 during mid-day trading on Tuesday, hitting $1.98. 400,498 shares of the company were exchanged, compared to its average volume of 2,290,571. The firm has a market cap of $1.09 billion, a P/E ratio of -2.78 and a beta of 1.83. Grupo Televisa, S.A.B. has a 1-year low of $1.66 and a 1-year high of $3.65. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.41 and a current ratio of 2.43. The firm's 50 day simple moving average is $1.85 and its 200 day simple moving average is $2.06.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC acquired a new stake in shares of Grupo Televisa, S.A.B. in the 2nd quarter valued at approximately $29,000. Central Pacific Bank Trust Division increased 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 valued at $42,000 after acquiring an additional 10,000 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in Grupo Televisa, S.A.B. in the third quarter valued at $90,000. Ballentine Partners LLC raised its position in Grupo Televisa, S.A.B. by 18.0% during the 3rd quarter. Ballentine Partners LLC now owns 37,039 shares of the company's stock worth $95,000 after purchasing an additional 5,658 shares during the last quarter. Finally, PEAK6 Investments LLC acquired a new position in Grupo Televisa, S.A.B. during the 3rd quarter worth about $119,000. Institutional investors and hedge funds own 55.77% of the company's stock.

Grupo Televisa, S.A.B. Company Profile

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.

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