Grupo Televisa, S.A.B. (NYSE:TV) Downgraded by StockNews.com

StockNews.com cut shares of Grupo Televisa, S.A.B. (NYSE:TV) from a buy rating to a hold rating in a report issued on Monday.

Separately, The Goldman Sachs Group cut their price objective on shares of Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a buy rating on the stock in a report on Monday, August 5th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $5.16.

Grupo Televisa, S.A.B. Price Performance

Shares of NYSE TV opened at $2.56 on Monday. Grupo Televisa, S.A.B. has a 1 year low of $1.69 and a 1 year high of $3.64. 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 company’s 50-day moving average is $2.07 and its 200 day moving average is $2.66. The stock has a market capitalization of $1.41 billion, a P/E ratio of -2.94, a P/E/G ratio of 1.12 and a beta of 1.88.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC bought a new position in Grupo Televisa, S.A.B. in the second quarter worth approximately $29,000. Central Pacific Bank Trust Division bought a new position in Grupo Televisa, S.A.B. in the first quarter worth approximately $39,000. PNC Financial Services Group Inc. raised its position in shares of 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 purchasing an additional 13,322 shares during the period. Welch Group LLC bought a new stake in shares of Grupo Televisa, S.A.B. during the 2nd quarter valued at $55,000. Finally, Ballentine Partners LLC grew its stake in Grupo Televisa, S.A.B. by 74.1% during the first quarter. Ballentine Partners LLC now owns 25,442 shares of the company’s stock valued at $81,000 after acquiring an additional 10,828 shares in the last quarter. 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.