Grupo Televisa, S.A.B. (NYSE:TV) Given Consensus Recommendation of “Hold” by Brokerages

Grupo Televisa, S.A.B. (NYSE:TV) has received an average recommendation of “Hold” from the six analysts that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $5.16.

Several equities research analysts have recently commented on TV shares. StockNews.com raised Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a report on Wednesday, September 11th. 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.

Grupo Televisa, S.A.B. Trading Up 2.6 %

NYSE TV opened at $2.01 on Wednesday. The company has a market cap of $1.11 billion, a PE ratio of -2.31, a PEG ratio of 0.82 and a beta of 1.88. The company has a current ratio of 2.31, a quick ratio of 2.28 and a debt-to-equity ratio of 0.04. Grupo Televisa, S.A.B. has a 12 month low of $1.69 and a 12 month high of $3.65. The stock has a 50 day moving average of $2.12 and a 200-day moving average of $2.70.

Institutional Investors Weigh In On Grupo Televisa, S.A.B.

A number of large investors have recently added to or reduced their stakes in TV. Gamco Investors INC. ET AL raised its stake in Grupo Televisa, S.A.B. by 25.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 14,618,608 shares of the company’s stock valued at $46,780,000 after acquiring an additional 2,984,705 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its stake in Grupo Televisa, S.A.B. by 162.4% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,093,800 shares of the company’s stock valued at $10,333,000 after acquiring an additional 1,914,800 shares during the period. GFS Advisors LLC raised its stake in Grupo Televisa, S.A.B. by 210.3% in the 1st quarter. GFS Advisors LLC now owns 1,768,590 shares of the company’s stock valued at $5,659,000 after acquiring an additional 1,198,590 shares during the period. Discovery Capital Management LLC CT raised its stake in Grupo Televisa, S.A.B. by 6.2% in the 2nd quarter. Discovery Capital Management LLC CT now owns 16,944,935 shares of the company’s stock valued at $46,937,000 after acquiring an additional 993,295 shares during the period. Finally, Gabelli Funds LLC increased its position in Grupo Televisa, S.A.B. by 14.9% during the 1st quarter. Gabelli Funds LLC now owns 7,042,600 shares of the company’s stock worth $22,536,000 after buying an additional 914,500 shares during the period. 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.