Grupo Televisa, S.A.B. (NYSE:TV) Given Buy Rating at Benchmark

Benchmark reissued their buy rating on shares of Grupo Televisa, S.A.B. (NYSE:TV) in a research note issued to investors on Tuesday morning,Benzinga reports. Benchmark currently has a $8.00 target price on the stock.

Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. cut Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 14th. StockNews.com downgraded Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Finally, The Goldman Sachs Group cut their target price on shares of Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $4.57.

Grupo Televisa, S.A.B. Stock Performance

NYSE TV opened at $2.16 on Tuesday. The company has a fifty day moving average of $1.85 and a two-hundred day moving average of $2.06. The company has a market capitalization of $1.19 billion, a PE ratio of -3.04 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 $3.64. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 2.41.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TV. Ballentine Partners LLC increased its stake in shares of Grupo Televisa, S.A.B. by 18.0% during the third quarter. Ballentine Partners LLC now owns 37,039 shares of the company’s stock worth $95,000 after acquiring an additional 5,658 shares during the period. Central Pacific Bank Trust Division boosted its holdings 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 purchasing an additional 10,000 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Grupo Televisa, S.A.B. during the 2nd quarter worth approximately $29,000. Banco Santander S.A. raised its stake in shares of Grupo Televisa, S.A.B. by 13.0% during the 3rd quarter. Banco Santander S.A. now owns 182,999 shares of the company’s stock worth $468,000 after buying an additional 20,999 shares in the last quarter. Finally, PEAK6 LLC purchased a new position in shares of Grupo Televisa, S.A.B. during the 4th quarter worth approximately $41,000. 55.77% of the stock is currently owned by hedge funds and other institutional investors.

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.