Grupo Televisa SAB (NYSE:TV) Receives Consensus Recommendation of “Hold” from Brokerages

Grupo Televisa SAB (NYSE:TV) has earned an average recommendation of “Hold” from the twelve ratings firms that are currently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $16.50.

Several research firms recently commented on TV. Raymond James reiterated an “average” rating on shares of Grupo Televisa SAB in a research report on Friday. BMO Capital Markets reiterated an “average” rating on shares of Grupo Televisa SAB in a research report on Thursday, June 27th. Zacks Investment Research upgraded Grupo Televisa SAB from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. ValuEngine upgraded Grupo Televisa SAB from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Barclays reiterated a “hold” rating and issued a $11.00 price target on shares of Grupo Televisa SAB in a research report on Monday, June 24th.

Large investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA boosted its position in shares of Grupo Televisa SAB by 794.5% during the first quarter. BNP Paribas Arbitrage SA now owns 15,663 shares of the company’s stock valued at $173,000 after buying an additional 13,912 shares during the period. Deutsche Bank AG boosted its position in shares of Grupo Televisa SAB by 185.0% during the fourth quarter. Deutsche Bank AG now owns 847,230 shares of the company’s stock valued at $10,658,000 after buying an additional 549,976 shares during the period. FMR LLC boosted its position in shares of Grupo Televisa SAB by 15.3% during the fourth quarter. FMR LLC now owns 1,036,679 shares of the company’s stock valued at $13,041,000 after buying an additional 137,456 shares during the period. Bank of America Corp DE raised its stake in shares of Grupo Televisa SAB by 43.1% during the fourth quarter. Bank of America Corp DE now owns 1,325,415 shares of the company’s stock valued at $16,673,000 after acquiring an additional 399,074 shares in the last quarter. Finally, BlackRock Inc. raised its stake in shares of Grupo Televisa SAB by 22.5% during the fourth quarter. BlackRock Inc. now owns 1,440,076 shares of the company’s stock valued at $18,116,000 after acquiring an additional 264,490 shares in the last quarter. Institutional investors and hedge funds own 52.81% of the company’s stock.

TV traded up $0.03 on Friday, hitting $9.56. The company had a trading volume of 1,639,740 shares, compared to its average volume of 2,513,800. The firm has a market cap of $5.50 billion, a P/E ratio of 17.70, a PEG ratio of 1.40 and a beta of 0.94. Grupo Televisa SAB has a 12-month low of $8.23 and a 12-month high of $21.21. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.57 and a current ratio of 1.59. The company’s fifty day moving average is $9.00.

Grupo Televisa SAB Company Profile

Grupo Televisa, SAB. operates as a media company in the Spanish-speaking world. The company operates through four segments: Content, Sky, Cable, and Other Businesses. The Content segment produces television programming and broadcasts Channels 2, 4, 5, and 9; sells advertising time on programs; provides Internet services; and produces television programming and broadcasting for local television stations in Mexico and the United States.

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Analyst Recommendations for Grupo Televisa SAB (NYSE:TV)

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