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

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

A number of other research firms also recently weighed in on TV. StockNews.com downgraded Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. The Goldman Sachs Group lowered their price objective on shares of Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. Finally, JPMorgan Chase & Co. lowered shares of Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $4.57.

Grupo Televisa, S.A.B. Trading Up 1.8 %

NYSE:TV opened at $2.02 on Tuesday. The company has a market cap of $1.12 billion, a PE ratio of -2.84 and a beta of 1.83. The company has a current ratio of 2.43, a quick ratio of 2.41 and a debt-to-equity ratio of 0.03. The company has a 50 day simple moving average of $1.85 and a two-hundred day simple moving average of $2.06. Grupo Televisa, S.A.B. has a 12 month low of $1.66 and a 12 month high of $3.65.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. GFS Advisors LLC purchased a new stake in Grupo Televisa, S.A.B. in the 4th quarter worth approximately $3,600,000. Robeco Institutional Asset Management B.V. boosted its position in shares of Grupo Televisa, S.A.B. by 245.8% in the fourth 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 during the period. BNP Paribas Financial Markets increased its stake in shares of 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 worth $695,000 after purchasing an additional 271,459 shares in the last quarter. American Century Companies Inc. raised its position in shares of Grupo Televisa, S.A.B. by 11.8% during the 4th quarter. American Century Companies Inc. now owns 1,312,209 shares of the company’s stock valued at $2,205,000 after purchasing an additional 138,303 shares during the period. Finally, Banco Santander S.A. lifted its stake in shares of Grupo Televisa, S.A.B. by 73.6% during the 4th quarter. Banco Santander S.A. now owns 317,620 shares of the company’s stock valued at $534,000 after buying an additional 134,621 shares in the last quarter. Institutional investors own 55.77% of the company’s stock.

About Grupo Televisa, S.A.B.

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.