Grupo Televisa SAB (NYSE:TV) was upgraded by analysts at HSBC from a “reduce” rating to a “hold” rating in a research report issued to clients and investors on Thursday. The brokerage presently has a $25.00 price objective on the stock, up from their prior price objective of $24.77. HSBC’s price target would suggest a potential downside of 2.76% from the stock’s current price.
A number of other brokerages also recently weighed in on TV. New Street Research upgraded Grupo Televisa SAB to a “buy” rating in a report on Wednesday, September 7th. Zacks Investment Research upgraded Grupo Televisa SAB from a “sell” rating to a “hold” rating in a report on Monday, June 20th. Finally, Evercore ISI upgraded Grupo Televisa SAB from a “hold” rating to a “buy” rating in a report on Thursday, July 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Grupo Televisa SAB has an average rating of “Hold” and a consensus price target of $28.67.
Shares of Grupo Televisa SAB (NYSE:TV) opened at 25.71 on Thursday. The company has a 50-day moving average of $26.50 and a 200 day moving average of $26.54. Grupo Televisa SAB has a 12-month low of $23.25 and a 12-month high of $30.36. The firm has a market capitalization of $63.08 billion, a PE ratio of 155.82 and a beta of 1.46.
A number of institutional investors have recently made changes to their positions in TV. Harding Loevner LP increased its position in shares of Grupo Televisa SAB by 115.4% in the second quarter. Harding Loevner LP now owns 13,424,834 shares of the company’s stock valued at $349,590,000 after buying an additional 7,190,879 shares during the period. Harris Associates L P increased its position in shares of Grupo Televisa SAB by 20.9% in the second quarter. Harris Associates L P now owns 29,888,272 shares of the company’s stock valued at $778,291,000 after buying an additional 5,170,210 shares during the period. Emerald Acquisition Ltd. bought a new position in shares of Grupo Televisa SAB during the second quarter valued at approximately $99,312,000. Bank of Montreal Can bought a new position in shares of Grupo Televisa SAB during the second quarter valued at approximately $65,859,000. Finally, Norges Bank bought a new position in shares of Grupo Televisa SAB during the fourth quarter valued at approximately $63,754,000. Institutional investors own 54.29% of the company’s stock.
About Grupo Televisa SAB
Grupo Televisa, SAB. is a media company in the international entertainment business. The Company operates in four business segments: Content, Sky, Telecommunications, and Other Businesses. It operates four broadcast channels in Mexico City and has affiliated stations throughout the country. It produces pay-television channels with national and international feeds, throughout Latin America, the United States, Canada, Europe and Asia Pacific.
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