Grupo Televisa, S.A.B. (NYSE:TV) Upgraded by StockNews.com to Buy

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Thursday.

Other analysts have also issued research reports about the company. The Goldman Sachs Group cut their price objective on Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a "buy" rating for the company in a report on Monday, August 5th. Benchmark cut 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 research note on Thursday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Grupo Televisa, S.A.B. presently has a consensus rating of "Moderate Buy" and a consensus price target of $5.35.

Grupo Televisa, S.A.B. Stock Performance

Grupo Televisa, S.A.B. stock traded up $0.06 during midday trading on Thursday, reaching $2.36. 1,656,441 shares of the company traded hands, compared to its average volume of 1,520,585. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.31 and a quick ratio of 2.28. Grupo Televisa, S.A.B. has a 12 month low of $1.69 and a 12 month high of $3.64. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of -2.68, a price-to-earnings-growth ratio of 1.06 and a beta of 1.89. The business has a 50 day moving average of $2.19 and a two-hundred day moving average of $2.58.

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

Several hedge funds have recently bought and sold shares of the stock. Gamco Investors INC. ET AL raised its stake in shares of Grupo Televisa, S.A.B. by 25.7% in the first quarter. Gamco Investors INC. ET AL now owns 14,618,608 shares of the company's stock worth $46,780,000 after buying an additional 2,984,705 shares during the period. Discovery Capital Management LLC CT lifted its holdings in Grupo Televisa, S.A.B. by 6.2% during the second quarter. Discovery Capital Management LLC CT now owns 16,944,935 shares of the company's stock valued at $46,937,000 after purchasing an additional 993,295 shares in the last quarter. Gabelli Funds LLC boosted its position 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 worth $22,536,000 after purchasing an additional 914,500 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Grupo Televisa, S.A.B. in the second quarter worth $532,000. Finally, Banco Santander S.A. bought a new stake in shares of Grupo Televisa, S.A.B. during the 2nd quarter valued at $449,000. 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.

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