Grupo Televisa SAB (NYSE:TV)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $9.20 and last traded at $9.30, with a volume of 89163 shares changing hands. The stock had previously closed at $9.53.
Several equities analysts recently issued reports on TV shares. Citigroup raised shares of Grupo Televisa SAB from a “neutral” rating to a “buy” rating in a research note on Thursday, January 31st. JPMorgan Chase & Co. reduced their price objective on shares of Grupo Televisa SAB from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, March 18th. Scotiabank raised shares of Grupo Televisa SAB from an “underperform” rating to a “sector perform” rating and dropped their price target for the stock from $14.00 to $13.00 in a research report on Wednesday, January 23rd. Finally, Zacks Investment Research raised shares of Grupo Televisa SAB from a “sell” rating to a “hold” rating in a research report on Wednesday, February 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. Grupo Televisa SAB presently has an average rating of “Buy” and a consensus target price of $20.00.
The stock has a market capitalization of $5.68 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 1.00 and a beta of 1.06. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.46 and a current ratio of 1.48.
Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc grew its holdings in Grupo Televisa SAB by 5.6% during the 3rd quarter. Vanguard Group Inc now owns 137,359 shares of the company’s stock valued at $2,437,000 after purchasing an additional 7,243 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Grupo Televisa SAB by 63.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,010,593 shares of the company’s stock valued at $88,888,000 after purchasing an additional 1,941,037 shares in the last quarter. Deutsche Bank AG grew its holdings in Grupo Televisa SAB by 185.0% during the 4th quarter. Deutsche Bank AG now owns 847,230 shares of the company’s stock valued at $10,658,000 after purchasing an additional 549,976 shares in the last quarter. Bank of Montreal Can grew its holdings in Grupo Televisa SAB by 407,831.4% during the 4th quarter. Bank of Montreal Can now owns 208,045 shares of the company’s stock valued at $2,618,000 after purchasing an additional 207,994 shares in the last quarter. Finally, Newfoundland Capital Management acquired a new stake in Grupo Televisa SAB during the 4th quarter valued at $2,956,000. 49.72% of the stock is owned by institutional investors.
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About Grupo Televisa SAB (NYSE:TV)
Grupo Televisa, SAB. operates as a media company in the Spanish-speaking world. The company operates through four segments: Content, Sky, Cable, and Other Businesses. The Content segment produces television programming and broadcasts Channels 2, 4, 5, and 9; sells advertising time on programs; provides Internet services; and produces television programming and broadcasting for local television stations in Mexico and the United States.
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