Grupo Televisa, S.A.B. (NYSE:TV – Get Rating)'s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $6.00 and last traded at $6.01, with a volume of 2659 shares changing hands. The stock had previously closed at $6.19.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on TV shares. The Goldman Sachs Group reduced their price objective on Grupo Televisa, S.A.B. from $11.50 to $8.50 and set a "neutral" rating on the stock in a research report on Thursday, August 18th. Benchmark reduced their price objective on Grupo Televisa, S.A.B. to $17.00 in a research report on Monday, July 25th. Credit Suisse Group downgraded Grupo Televisa, S.A.B. from an "outperform" rating to a "neutral" rating and reduced their target price for the stock from $14.00 to $8.00 in a research report on Thursday, August 11th. UBS Group started coverage on Grupo Televisa, S.A.B. in a research report on Tuesday, June 28th. They set a "buy" rating and a $13.00 target price on the stock. Finally, JPMorgan Chase & Co. reduced their target price on Grupo Televisa, S.A.B. from $15.50 to $13.00 and set an "overweight" rating on the stock in a research report on Monday, June 27th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $14.64.
Get Grupo Televisa S.A.B. alerts:Grupo Televisa, S.A.B. Price Performance
The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 1.20, a price-to-earnings-growth ratio of 7.36 and a beta of 1.32. The company has a quick ratio of 2.41, a current ratio of 2.47 and a debt-to-equity ratio of 0.05. The company has a 50 day simple moving average of $7.20 and a 200 day simple moving average of $8.83.
Institutional Investors Weigh In On Grupo Televisa, S.A.B.
A number of large investors have recently modified their holdings of TV. Alua Capital Management LP grew its stake in shares of Grupo Televisa, S.A.B. by 34.8% in the fourth quarter. Alua Capital Management LP now owns 6,538,066 shares of the company's stock valued at $61,262,000 after buying an additional 1,687,246 shares in the last quarter. Levin Capital Strategies L.P. acquired a new stake in Grupo Televisa, S.A.B. during the 4th quarter valued at approximately $13,746,000. Dodge & Cox grew its stake in Grupo Televisa, S.A.B. by 2.1% during the 4th quarter. Dodge & Cox now owns 64,751,320 shares of the company's stock valued at $606,720,000 after purchasing an additional 1,350,000 shares in the last quarter. Marshall Wace LLP grew its stake in Grupo Televisa, S.A.B. by 420.4% during the 4th quarter. Marshall Wace LLP now owns 1,399,564 shares of the company's stock valued at $13,116,000 after purchasing an additional 1,130,628 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Grupo Televisa, S.A.B. by 19.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 5,965,499 shares of the company's stock valued at $48,795,000 after purchasing an additional 954,438 shares in the last quarter. Institutional investors and hedge funds own 41.82% of the company's stock.Grupo Televisa, S.A.B. Company Profile
(Get Rating)
Grupo Televisa, SAB. operates as a media company in the Spanish-speaking world. It operates in four segments: Cable, Sky, Content, and Other Businesses. The Cable segment operates cable multiple system and telecommunication facilities; 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 sales; and offers data and long-distance services solutions to carriers and other telecommunications service providers through its fiber-optic network.
Further Reading
- Get a free copy of the StockNews.com research report on Grupo Televisa, S.A.B. (TV)
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