Grupo Televisa SAB (NYSE:TV) was upgraded by equities research analysts at Credit Suisse Group AG from a “neutral” rating to an “outperform” rating in a research report issued on Tuesday, StockTargetPrices.com reports. The brokerage presently has a $30.00 price target on the stock, up from their prior price target of $29.00. Credit Suisse Group AG’s price target indicates a potential upside of 18.39% from the stock’s current price.
TV has been the subject of several other reports. New Street Research upgraded Grupo Televisa SAB to a “buy” rating in a research note on Wednesday, September 7th. HSBC upgraded Grupo Televisa SAB from a “reduce” rating to a “hold” rating and raised their target price for the company from $24.77 to $25.00 in a research note on Thursday, September 22nd. Evercore ISI upgraded Grupo Televisa SAB from a “hold” rating to a “buy” rating in a research note on Thursday, July 7th. Finally, Zacks Investment Research upgraded Grupo Televisa SAB from a “sell” rating to a “hold” rating in a research note on Monday, June 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. Grupo Televisa SAB currently has a consensus rating of “Hold” and a consensus target price of $29.17.
Shares of Grupo Televisa SAB (NYSE:TV) opened at 25.34 on Tuesday. The stock has a market capitalization of $62.17 billion, a P/E ratio of 153.58 and a beta of 1.46. Grupo Televisa SAB has a 1-year low of $23.25 and a 1-year high of $30.36. The firm’s 50-day moving average price is $26.47 and its 200 day moving average price is $26.52.
A number of institutional investors have recently modified their holdings of TV. Norges Bank acquired a new position in shares of Grupo Televisa SAB during the fourth quarter worth about $63,754,000. Glenmede Trust Co. NA boosted its position in shares of Grupo Televisa SAB by 1,757.8% in the first quarter. Glenmede Trust Co. NA now owns 23,724 shares of the company’s stock worth $650,000 after buying an additional 22,447 shares in the last quarter. Aperio Group LLC boosted its position in shares of Grupo Televisa SAB by 49.7% in the first quarter. Aperio Group LLC now owns 158,994 shares of the company’s stock worth $4,366,000 after buying an additional 52,791 shares in the last quarter. BlackRock Group LTD boosted its position in shares of Grupo Televisa SAB by 13.1% in the first quarter. BlackRock Group LTD now owns 1,132,000 shares of the company’s stock worth $31,085,000 after buying an additional 131,000 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. acquired a new position in shares of Grupo Televisa SAB during the first quarter worth about $3,433,000. 54.29% of the stock is currently owned by hedge funds and other institutional investors.
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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