Grupo Televisa, S.A.B. (NYSE:TV) Stock Price Down 7.8%

Grupo Televisa, S.A.B. (NYSE:TV)’s stock price was down 7.8% during mid-day trading on Friday . The company traded as low as $2.13 and last traded at $2.13. Approximately 2,096,717 shares changed hands during mid-day trading, an increase of 41% from the average daily volume of 1,486,809 shares. The stock had previously closed at $2.31.

Analysts Set New Price Targets

TV has been the subject of several recent analyst reports. The Goldman Sachs Group decreased their target price on Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a “buy” rating for the company in a research note on Monday, August 5th. StockNews.com upgraded shares of Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $5.16.

Grupo Televisa, S.A.B. Trading Down 6.1 %

The company has a debt-to-equity ratio of 0.04, a current ratio of 2.31 and a quick ratio of 2.28. The firm has a fifty day simple moving average of $2.08 and a 200-day simple moving average of $2.68. The firm has a market cap of $1.20 billion, a P/E ratio of -2.49, a price-to-earnings-growth ratio of 0.88 and a beta of 1.88.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Gabelli Funds LLC lifted its holdings 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 valued at $22,536,000 after purchasing an additional 914,500 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Grupo Televisa, S.A.B. by 824.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 14,938 shares of the company’s stock valued at $50,000 after acquiring an additional 13,322 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. lifted its stake in Grupo Televisa, S.A.B. by 47.9% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 284,575 shares of the company’s stock valued at $950,000 after acquiring an additional 92,150 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Grupo Televisa, S.A.B. in the 1st quarter worth $39,000. Finally, Ballentine Partners LLC raised its holdings in shares of Grupo Televisa, S.A.B. by 74.1% in the first quarter. Ballentine Partners LLC now owns 25,442 shares of the company’s stock valued at $81,000 after purchasing an additional 10,828 shares during the last quarter. Institutional investors and hedge funds 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.