Grupo Televisa SAB (TV) Lifted to “Hold” at HSBC
Grupo Televisa SAB (NYSE:TV) was upgraded by HSBC to a “hold” rating in a note issued to investors on Thursday.
Other research analysts have also recently issued reports about the company. New Street Research upgraded Grupo Televisa SAB to a “buy” rating in a research note on Wednesday, September 7th. Evercore ISI raised Grupo Televisa SAB from a “hold” rating to a “buy” rating in a research report on Thursday, July 7th. Finally, Zacks Investment Research raised Grupo Televisa SAB from a “sell” rating to a “hold” rating in a research report on Monday, June 20th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.67.
Shares of Grupo Televisa SAB (NYSE:TV) opened at 24.77 on Thursday. The stock has a 50 day moving average price of $26.53 and a 200-day moving average price of $26.56. Grupo Televisa SAB has a one year low of $23.25 and a one year high of $30.36. The company has a market capitalization of $60.77 billion, a price-to-earnings ratio of 144.85 and a beta of 1.46.
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A number of hedge funds have recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Grupo Televisa SAB during the fourth quarter worth $63,754,000. Capstone Asset Management Co. increased its stake in shares of Grupo Televisa SAB by 5.4% in the first quarter. Capstone Asset Management Co. now owns 107,571 shares of the company’s stock worth $2,954,000 after buying an additional 5,497 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of Grupo Televisa SAB by 64.7% in the first quarter. Acadian Asset Management LLC now owns 310,902 shares of the company’s stock worth $8,537,000 after buying an additional 122,155 shares during the last quarter. OLD National Bancorp IN acquired a new stake in shares of Grupo Televisa SAB during the first quarter worth $410,000. Finally, Glenmede Trust Co. NA increased its stake 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 during the last quarter. Hedge funds and other 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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