Grupo Televisa, S.A.B. (NYSE:TV – Get Free Report) shares dropped 7.8% during mid-day trading on Friday . The company traded as low as $2.13 and last traded at $2.13. Approximately 2,096,717 shares changed hands during trading, an increase of 41% from the average daily volume of 1,486,809 shares. The stock had previously closed at $2.31.
Analyst Ratings Changes
TV has been the subject of a number of research analyst reports. The Goldman Sachs Group cut 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. StockNews.com upgraded Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a report on Wednesday, September 11th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Grupo Televisa, S.A.B. currently has a consensus rating of “Moderate Buy” and an average target price of $5.16.
View Our Latest Stock Analysis on TV
Grupo Televisa, S.A.B. Stock Down 6.9 %
Institutional Trading of Grupo Televisa, S.A.B.
Hedge funds have recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new stake in shares of Grupo Televisa, S.A.B. in the 2nd quarter worth $29,000. Central Pacific Bank Trust Division acquired a new position in shares of Grupo Televisa, S.A.B. during the first quarter valued at about $39,000. PNC Financial Services Group Inc. boosted its stake in Grupo Televisa, S.A.B. by 824.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 14,938 shares of the company’s stock worth $50,000 after purchasing an additional 13,322 shares in the last quarter. Welch Group LLC purchased a new stake in Grupo Televisa, S.A.B. during the 2nd quarter worth approximately $55,000. Finally, SG Americas Securities LLC increased its stake in Grupo Televisa, S.A.B. by 35.7% during the 2nd quarter. SG Americas Securities LLC now owns 28,154 shares of the company’s stock valued at $78,000 after purchasing an additional 7,406 shares in the last quarter. 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.
Featured Stories
- Five stocks we like better than Grupo Televisa, S.A.B.
- Insider Buying Explained: What Investors Need to Know
- Analysts Predict 85% Upside for Wave Life Sciences After Rate Cut
- How to Invest in Biotech Stocks
- FedEx Stock Dips: Another Reason to Fear Recession Is Near
- What is the Dogs of the Dow Strategy? Overview and Examples
- The Half-Penny Revolution: Will SEC’s Reform Benefit Investors?
Receive News & Ratings for Grupo Televisa S.A.B. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Televisa S.A.B. and related companies with MarketBeat.com's FREE daily email newsletter.