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

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) had its price target lowered by investment analysts at Benchmark from $12.00 to $11.00 in a research note issued on Thursday, Benzinga reports. The firm currently has a "buy" rating on the stock. Benchmark's price target indicates a potential upside of 366.10% from the company's previous close.

TV has been the subject of several other research reports. StockNews.com downgraded shares of Grupo Televisa, S.A.B. from a "buy" rating to a "hold" rating in a research note on Monday, September 30th. The Goldman Sachs Group reduced their price target on Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a "buy" rating on the stock in a research report on Monday, August 5th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Grupo Televisa, S.A.B. presently has a consensus rating of "Hold" and a consensus target price of $5.35.

Grupo Televisa, S.A.B. Price Performance

Grupo Televisa, S.A.B. stock traded up $0.07 during mid-day trading on Thursday, reaching $2.36. The company had a trading volume of 1,654,067 shares, compared to its average volume of 1,520,574. The business has a fifty day simple moving average of $2.18 and a 200 day simple moving average of $2.58. The company has a market cap of $1.31 billion, a P/E ratio of -2.57, a P/E/G ratio of 1.06 and a beta of 1.89. 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 fifty-two week low of $1.69 and a fifty-two week high of $3.64.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TV. Central Pacific Bank Trust Division grew its position in shares of Grupo Televisa, S.A.B. by 50.0% during the 3rd quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company's stock worth $38,000 after buying an additional 5,000 shares during the period. Ballentine Partners LLC boosted its position in shares of 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 in the last quarter. SG Americas Securities LLC grew its stake in shares of Grupo Televisa, S.A.B. by 35.7% in the 2nd 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 during the period. XTX Topco Ltd raised its stake in Grupo Televisa, S.A.B. by 19.1% during the 2nd quarter. XTX Topco Ltd now owns 60,454 shares of the company's stock worth $167,000 after buying an additional 9,684 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in Grupo Televisa, S.A.B. in the second quarter worth approximately $29,000. 55.77% of the stock is owned by institutional investors and hedge funds.

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.