Grupo Televisa, S.A.B. (NYSE:TV) Cut to Hold at StockNews.com

Grupo Televisa, S.A.B. (NYSE:TV) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Monday.

Separately, The Goldman Sachs Group lowered their price objective on Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a “buy” rating for the company in a research report on Monday, August 5th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $5.16.

Grupo Televisa, S.A.B. Price Performance

NYSE:TV traded up $0.06 during mid-day trading on Monday, reaching $2.56. The stock had a trading volume of 3,043,014 shares, compared to its average volume of 2,515,121. The firm has a 50 day moving average price of $2.07 and a two-hundred day moving average price of $2.66. The stock has a market capitalization of $1.41 billion, a P/E ratio of -2.94, a P/E/G ratio of 1.12 and a beta of 1.88. Grupo Televisa, S.A.B. has a one year low of $1.69 and a one year high of $3.64. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.28 and a current ratio of 2.31.

Hedge Funds Weigh In On Grupo Televisa, S.A.B.

Several hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets grew its stake in Grupo Televisa, S.A.B. by 443,655.6% in the fourth quarter. BNP Paribas Financial Markets now owns 119,814 shares of the company’s stock worth $400,000 after purchasing an additional 119,787 shares during the period. Corient Private Wealth LLC grew its stake in Grupo Televisa, S.A.B. by 68.2% in the fourth quarter. Corient Private Wealth LLC now owns 250,180 shares of the company’s stock worth $836,000 after purchasing an additional 101,425 shares during the period. Gabelli Funds LLC grew its stake in Grupo Televisa, S.A.B. by 14.7% in the fourth quarter. Gabelli Funds LLC now owns 6,128,100 shares of the company’s stock worth $20,468,000 after purchasing an additional 783,900 shares during the period. Keeley Teton Advisors LLC purchased a new stake in Grupo Televisa, S.A.B. in the fourth quarter worth $399,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in Grupo Televisa, S.A.B. by 47.9% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 284,575 shares of the company’s stock worth $950,000 after purchasing an additional 92,150 shares during the period. 55.77% of the stock is owned by hedge funds and other institutional investors.

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.