Grupo Televisa SAB (TV) Short Interest Update
Grupo Televisa SAB (NYSE:TV) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 7,279,307 shares, an increase of 37.4% from the September 15th total of 5,297,345 shares. Based on an average daily trading volume, of 2,214,381 shares, the short-interest ratio is currently 3.3 days. Currently, 1.4% of the company’s stock are sold short.
Several research firms have commented on TV. HSBC upgraded shares of Grupo Televisa SAB from a “reduce” rating to a “hold” rating and increased their price objective for the company from $24.77 to $25.00 in a research note on Thursday, September 22nd. New Street Research upgraded shares of Grupo Televisa SAB to a “buy” rating in a research note on Wednesday, September 7th. Evercore ISI upgraded shares of Grupo Televisa SAB from a “hold” rating to a “buy” rating in a research note on Thursday, July 7th. Finally, Credit Suisse Group AG upgraded shares of Grupo Televisa SAB from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $29.00 to $30.00 in a research note on Tuesday, September 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $28.60.
Grupo Televisa SAB (NYSE:TV) opened at 25.91 on Wednesday. The company has a 50-day moving average of $25.85 and a 200 day moving average of $26.33. Grupo Televisa SAB has a 12-month low of $23.25 and a 12-month high of $30.36. The company has a market capitalization of $63.57 billion, a P/E ratio of 152.41 and a beta of 1.39.
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Large investors have recently bought and sold shares of the company. Harding Loevner LP raised its stake in Grupo Televisa SAB by 115.4% in the second quarter. Harding Loevner LP now owns 13,424,834 shares of the company’s stock valued at $349,590,000 after buying an additional 7,190,879 shares during the last quarter. Harris Associates L P raised its stake in Grupo Televisa SAB by 20.9% in the second quarter. Harris Associates L P now owns 29,888,272 shares of the company’s stock valued at $778,291,000 after buying an additional 5,170,210 shares during the last quarter. Emerald Acquisition Ltd. acquired a new stake in Grupo Televisa SAB during the second quarter valued at approximately $99,312,000. Bank of Montreal Can acquired a new stake in Grupo Televisa SAB during the second quarter valued at approximately $65,859,000. Finally, Fisher Asset Management LLC raised its stake in Grupo Televisa SAB by 41.5% in the third quarter. Fisher Asset Management LLC now owns 6,323,185 shares of the company’s stock valued at $162,443,000 after buying an additional 1,853,515 shares during the last quarter. 53.31% 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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