Grupo Televisa, S.A.B. (NYSE:TV) Price Target Lowered to $2.20 at The Goldman Sachs Group

Grupo Televisa, S.A.B. (NYSE:TV) had its price objective cut by investment analysts at The Goldman Sachs Group from $2.50 to $2.20 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 23.25% from the stock’s current price.

Several other equities research analysts also recently issued reports on TV. Benchmark reduced their price objective on Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. JPMorgan Chase & Co. lowered Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 14th. Finally, StockNews.com lowered Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Grupo Televisa, S.A.B. currently has a consensus rating of “Hold” and a consensus target price of $5.57.

Grupo Televisa, S.A.B. Price Performance

Shares of Grupo Televisa, S.A.B. stock traded up $0.02 during trading on Tuesday, hitting $1.79. The stock had a trading volume of 106,070 shares, compared to its average volume of 1,766,962. Grupo Televisa, S.A.B. has a fifty-two week low of $1.66 and a fifty-two week high of $3.65. The firm has a market cap of $988.53 million, a P/E ratio of -2.51 and a beta of 1.82. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 2.41. The business has a fifty day moving average of $1.86 and a two-hundred day moving average of $2.09.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its holdings in shares of Grupo Televisa, S.A.B. by 1,005,403.7% in the third quarter. BNP Paribas Financial Markets now owns 271,486 shares of the company’s stock worth $695,000 after acquiring an additional 271,459 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in shares of Grupo Televisa, S.A.B. in the third quarter worth about $1,463,000. Central Pacific Bank Trust Division increased its holdings in shares of Grupo Televisa, S.A.B. by 66.7% in the fourth quarter. Central Pacific Bank Trust Division now owns 25,000 shares of the company’s stock worth $42,000 after acquiring an additional 10,000 shares in the last quarter. Thrivent Financial for Lutherans bought a new stake in shares of Grupo Televisa, S.A.B. in the third quarter worth about $284,000. Finally, PEAK6 Investments LLC bought a new stake in shares of Grupo Televisa, S.A.B. in the third quarter worth about $119,000. 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.