The Goldman Sachs Group Issues Pessimistic Forecast for Grupo Televisa, S.A.B. (NYSE:TV) Stock Price

Grupo Televisa, S.A.B. (NYSE:TV) had its target price cut by research analysts at The Goldman Sachs Group from $2.50 to $2.20 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 18.60% from the stock’s previous close.

TV has been the subject of a number of other research reports. JPMorgan Chase & Co. lowered shares of Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 14th. Benchmark decreased their price objective on shares of Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Finally, StockNews.com cut Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Grupo Televisa, S.A.B. presently has a consensus rating of “Hold” and a consensus price target of $5.57.

Grupo Televisa, S.A.B. Stock Performance

Shares of TV opened at $1.86 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.41 and a current ratio of 2.43. Grupo Televisa, S.A.B. has a 1 year low of $1.66 and a 1 year high of $3.65. The firm has a fifty day moving average of $1.85 and a 200-day moving average of $2.09. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -2.61 and a beta of 1.82.

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

A number of hedge funds have recently modified their holdings of the stock. Sanctuary Advisors LLC acquired a new stake in shares of Grupo Televisa, S.A.B. in the 2nd quarter valued at $29,000. Central Pacific Bank Trust Division raised its holdings in Grupo Televisa, S.A.B. by 50.0% during the third quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company’s stock valued at $38,000 after buying an additional 5,000 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Grupo Televisa, S.A.B. in the third quarter worth about $90,000. Ballentine Partners LLC boosted its stake in shares of Grupo Televisa, S.A.B. by 18.0% during the 3rd quarter. Ballentine Partners LLC now owns 37,039 shares of the company’s stock worth $95,000 after acquiring an additional 5,658 shares in the last quarter. Finally, PEAK6 Investments LLC acquired a new position in shares of Grupo Televisa, S.A.B. during the 3rd quarter valued at about $119,000. 55.77% of the stock is owned by institutional investors and hedge funds.

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.