Grupo Televisa, S.A.B. (NYSE:TV) Hits New 52-Week Low at $2.10

Grupo Televisa, S.A.B. (NYSE:TV) shares hit a new 52-week low during trading on Thursday . The company traded as low as $2.10 and last traded at $2.10, with a volume of 1058459 shares trading hands. The stock had previously closed at $2.18.

Analyst Ratings Changes

TV has been the topic of a number of research analyst reports. Bank of America lowered Grupo Televisa, S.A.B. from a “buy” rating to a “neutral” rating and set a $3.50 target price on the stock. in a report on Monday, April 15th. Benchmark reissued a “buy” rating and set a $12.00 price objective on shares of Grupo Televisa, S.A.B. in a research report on Thursday, May 16th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $5.28.

Grupo Televisa, S.A.B. Stock Down 3.8 %

The firm has a 50-day moving average price of $2.67 and a two-hundred day moving average price of $2.95. 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. Increases Dividend

The firm also recently declared an annual dividend, which was paid on Monday, June 10th. Shareholders of record on Thursday, May 30th were issued a dividend of $0.1056 per share. This is an increase from Grupo Televisa, S.A.B.’s previous annual dividend of $0.10. The ex-dividend date of this dividend was Thursday, May 30th. This represents a yield of 2.4%. Grupo Televisa, S.A.B.’s dividend payout ratio (DPR) is currently -10.34%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Ieq Capital LLC acquired a new position in shares of Grupo Televisa, S.A.B. in the fourth quarter worth approximately $37,000. Central Pacific Bank Trust Division acquired a new position in shares of Grupo Televisa, S.A.B. during the first quarter worth approximately $39,000. Ballentine Partners LLC acquired a new position in shares of Grupo Televisa, S.A.B. during the fourth quarter worth approximately $49,000. PNC Financial Services Group Inc. raised its position in shares of Grupo Televisa, S.A.B. by 824.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 14,938 shares of the company’s stock worth $50,000 after purchasing an additional 13,322 shares during the period. Finally, Welch Group LLC acquired a new position in shares of Grupo Televisa, S.A.B. during the second quarter worth approximately $55,000. 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.