Benchmark Lowers Grupo Televisa, S.A.B. (NYSE:TV) Price Target to $11.00

Grupo Televisa, S.A.B. (NYSE:TV) had its price target decreased by equities research analysts at Benchmark from $12.00 to $11.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Benchmark’s target price suggests a potential upside of 418.87% from the company’s previous close.

Several other brokerages also recently issued reports on TV. The Goldman Sachs Group reduced 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 note on Monday, August 5th. StockNews.com cut shares of Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a report on Monday, September 30th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $5.35.

Grupo Televisa, S.A.B. Stock Performance

Grupo Televisa, S.A.B. stock opened at $2.12 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.31 and a quick ratio of 2.28. The company has a market cap of $1.17 billion, a P/E ratio of -2.41, a price-to-earnings-growth ratio of 1.06 and a beta of 1.89. Grupo Televisa, S.A.B. has a fifty-two week low of $1.69 and a fifty-two week high of $3.64. The firm’s 50 day simple moving average is $2.19 and its 200-day simple moving average is $2.57.

Institutional Investors Weigh In On Grupo Televisa, S.A.B.

Several institutional investors have recently made changes to their positions in the company. Gamco Investors INC. ET AL grew its position in Grupo Televisa, S.A.B. by 25.7% in the first quarter. Gamco Investors INC. ET AL now owns 14,618,608 shares of the company’s stock worth $46,780,000 after acquiring an additional 2,984,705 shares in the last quarter. Discovery Capital Management LLC CT raised its holdings in Grupo Televisa, S.A.B. by 6.2% during the second quarter. Discovery Capital Management LLC CT now owns 16,944,935 shares of the company’s stock valued at $46,937,000 after buying an additional 993,295 shares in the last quarter. Gabelli Funds LLC lifted its position in shares of Grupo Televisa, S.A.B. by 14.9% in the first quarter. Gabelli Funds LLC now owns 7,042,600 shares of the company’s stock worth $22,536,000 after buying an additional 914,500 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Grupo Televisa, S.A.B. in the second quarter worth about $532,000. Finally, Banco Santander S.A. bought a new stake in shares of Grupo Televisa, S.A.B. during the 2nd quarter worth about $449,000. 55.77% of the stock is currently owned by institutional investors and hedge funds.

Grupo Televisa, S.A.B. Company Profile

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.