Brokerages Set Grupo Televisa, S.A.B. (NYSE:TV) Target Price at $5.16

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

Several research analysts recently issued reports on TV shares. The Goldman Sachs Group reduced their price target on shares of Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a “buy” rating on the stock in a research report on Monday, August 5th. StockNews.com raised Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a report on Wednesday, September 11th.

Institutional Trading of Grupo Televisa, S.A.B.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL increased its stake in shares of 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 last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of 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 purchasing an additional 1,914,800 shares during the period. GFS Advisors LLC grew its position in shares of 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 purchasing an additional 1,198,590 shares during the period. Discovery Capital Management LLC CT grew its position in shares of 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 purchasing an additional 993,295 shares during the period. Finally, Gabelli Funds LLC grew its position in shares of Grupo Televisa, S.A.B. by 14.9% in the 1st 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 during the period. 55.77% of the stock is owned by institutional investors.

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

Shares of NYSE TV opened at $2.01 on Wednesday. The firm’s 50-day simple moving average is $2.12 and its 200 day simple moving average is $2.70. The company has a market cap of $1.11 billion, a price-to-earnings ratio of -2.31, a price-to-earnings-growth ratio of 0.82 and a beta of 1.88. The company has a quick ratio of 2.28, a current ratio of 2.31 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.

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.