HSBC upgraded shares of Grupo Televisa SAB (NYSE:TV) from a reduce rating to a hold rating in a report published on Thursday morning. They currently have $25.00 target price on the stock, up from their prior target price of $24.77.
Several other brokerages have also recently issued reports on TV. Zacks Investment Research upgraded Grupo Televisa SAB from a sell rating to a hold rating in a research note on Monday, June 20th. Evercore ISI upgraded Grupo Televisa SAB from a hold rating to a buy rating in a research note on Thursday, July 7th. Finally, New Street Research upgraded Grupo Televisa SAB to a buy rating in a research note on Wednesday, September 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Grupo Televisa SAB presently has an average rating of Hold and an average price target of $29.17.
Shares of Grupo Televisa SAB (NYSE:TV) opened at 25.79 on Thursday. The stock has a market capitalization of $63.28 billion, a P/E ratio of 156.30 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 company has a 50 day moving average price of $26.45 and a 200-day moving average price of $26.51.
Several hedge funds have recently made changes to their positions in TV. OLD Mission Capital LLC bought a new stake in shares of Grupo Televisa SAB during the first quarter worth $2,017,000. State Street Corp boosted its stake in shares of Grupo Televisa SAB by 3.9% in the first quarter. State Street Corp now owns 60,275 shares of the company’s stock worth $1,655,000 after buying an additional 2,247 shares during the last quarter. M&T Bank Corp bought a new stake in shares of Grupo Televisa SAB during the first quarter worth $242,000. Bessemer Group Inc. boosted its stake in shares of Grupo Televisa SAB by 54.7% in the first quarter. Bessemer Group Inc. now owns 345,800 shares of the company’s stock worth $9,496,000 after buying an additional 122,300 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. bought a new stake in shares of Grupo Televisa SAB during the first quarter worth $3,433,000. Institutional investors and hedge funds own 54.29% of the company’s stock.
Grupo Televisa SAB Company Profile
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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