Brokerages Set Grupo Televisa SAB (TV) Target Price at $28.33
Shares of Grupo Televisa SAB (NYSE:TV) have earned a consensus recommendation of “Hold” from the eight analysts that are presently covering the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $28.33.
Several brokerages have recently commented on TV. New Street Research upgraded Grupo Televisa SAB to a “buy” rating in a research report on Wednesday, September 7th. Credit Suisse Group AG upgraded Grupo Televisa SAB from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $29.00 to $30.00 in a research report on Tuesday, September 27th. Finally, HSBC upgraded Grupo Televisa SAB from a “reduce” rating to a “hold” rating and lifted their target price for the stock from $24.77 to $25.00 in a research report on Thursday, September 22nd.
Grupo Televisa SAB (NYSE:TV) opened at 22.71 on Monday. The company’s 50-day moving average price is $25.06 and its 200-day moving average price is $26.01. The firm has a market cap of $66.28 billion, a price-to-earnings ratio of 276.95 and a beta of 1.37. Grupo Televisa SAB has a one year low of $21.78 and a one year high of $29.57.
Several hedge funds have recently made changes to their positions in TV. Advisor Group Inc. bought a new stake in shares of Grupo Televisa SAB during the second quarter valued at about $100,000. Barclays PLC increased its stake in shares of Grupo Televisa SAB by 127.5% in the second quarter. Barclays PLC now owns 4,384 shares of the company’s stock valued at $114,000 after buying an additional 2,457 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Grupo Televisa SAB by 140.1% in the second quarter. PNC Financial Services Group Inc. now owns 6,236 shares of the company’s stock valued at $161,000 after buying an additional 3,639 shares during the period. Wetherby Asset Management Inc. bought a new stake in shares of Grupo Televisa SAB during the second quarter valued at about $203,000. Finally, Commonwealth Bank of Australia increased its stake in shares of Grupo Televisa SAB by 50.9% in the second quarter. Commonwealth Bank of Australia now owns 9,191 shares of the company’s stock valued at $239,000 after buying an additional 3,100 shares during the period. 52.92% of the stock is currently owned by institutional investors and hedge funds.
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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