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

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) had its price objective lowered by equities researchers at The Goldman Sachs Group from $2.50 to $2.20 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the stock. The Goldman Sachs Group's price target would suggest a potential upside of 14.29% from the company's current price.

TV has been the topic of a number of other reports. StockNews.com lowered Grupo Televisa, S.A.B. from a "buy" rating to a "hold" rating in a report on Thursday, November 28th. JPMorgan Chase & Co. downgraded Grupo Televisa, S.A.B. from an "overweight" rating to a "neutral" rating in a research report on Thursday, November 14th. Finally, Benchmark decreased their price objective on shares of Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $5.57.

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

TV stock traded up $0.01 during mid-day trading on Tuesday, hitting $1.93. 1,956,896 shares of the company were exchanged, compared to its average volume of 2,584,371. The firm has a market cap of $1.07 billion, a P/E ratio of -2.71 and a beta of 1.82. Grupo Televisa, S.A.B. has a 1-year low of $1.66 and a 1-year high of $3.65. The firm's 50 day simple moving average is $1.85 and its 200 day simple moving average is $2.08. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.41 and a current ratio of 2.43.

Institutional Investors Weigh In On Grupo Televisa, S.A.B.

Several institutional investors and hedge funds have recently bought and sold shares of the company. GFS Advisors LLC bought a new position in shares of Grupo Televisa, S.A.B. in the fourth quarter worth about $3,600,000. Robeco Institutional Asset Management B.V. increased its position in Grupo Televisa, S.A.B. by 245.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,976,394 shares of the company's stock worth $3,320,000 after purchasing an additional 1,404,933 shares in the last quarter. BNP Paribas Financial Markets boosted its position in 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 valued at $695,000 after buying an additional 271,459 shares in the last quarter. Banco Santander S.A. boosted its position in Grupo Televisa, S.A.B. by 13.0% in the third quarter. Banco Santander S.A. now owns 182,999 shares of the company's stock valued at $468,000 after buying an additional 20,999 shares in the last quarter. Finally, Thrivent Financial for Lutherans bought a new stake in shares of Grupo Televisa, S.A.B. during the third quarter worth $284,000. Institutional investors 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.