Grupo Televisa (TV) Upgraded to Buy at HSBC

HSBC upgraded shares of Grupo Televisa (NYSE:TV) from a hold rating to a buy rating in a report released on Monday morning.

A number of other analysts also recently commented on TV. Morgan Stanley downgraded Grupo Televisa from an overweight rating to an equal weight rating and dropped their price objective for the stock from $29.00 to $28.00 in a report on Thursday, August 10th. ValuEngine downgraded Grupo Televisa from a hold rating to a sell rating in a report on Monday, August 14th. UBS upgraded Grupo Televisa from an underperform rating to a market perform rating in a report on Wednesday, November 15th. Finally, Zacks Investment Research downgraded Grupo Televisa from a hold rating to a sell rating in a report on Tuesday, November 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $27.00.

Grupo Televisa (NYSE TV) traded up $0.48 during mid-day trading on Monday, hitting $18.78. The stock had a trading volume of 4,952,700 shares, compared to its average volume of 2,318,056. The firm has a market cap of $10,495.23, a P/E ratio of 46.92, a price-to-earnings-growth ratio of 1.15 and a beta of 1.21. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 1.13. Grupo Televisa has a 1-year low of $17.24 and a 1-year high of $27.37.

Institutional investors have recently made changes to their positions in the stock. D.A. Davidson & CO. boosted its position in Grupo Televisa by 14.8% in the 2nd quarter. D.A. Davidson & CO. now owns 9,900 shares of the company’s stock valued at $241,000 after buying an additional 1,277 shares during the last quarter. High Pointe Capital Management LLC boosted its position in Grupo Televisa by 6.4% in the 2nd quarter. High Pointe Capital Management LLC now owns 10,370 shares of the company’s stock valued at $253,000 after buying an additional 620 shares during the last quarter. Quantbot Technologies LP boosted its position in Grupo Televisa by 94.0% in the 2nd quarter. Quantbot Technologies LP now owns 11,866 shares of the company’s stock valued at $289,000 after buying an additional 5,749 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Grupo Televisa in the 3rd quarter valued at about $315,000. Finally, HAP Trading LLC boosted its position in Grupo Televisa by 22.8% in the 2nd quarter. HAP Trading LLC now owns 13,558 shares of the company’s stock valued at $330,000 after buying an additional 2,519 shares during the last quarter. 57.87% of the stock is owned by hedge funds and other institutional investors.

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Grupo Televisa 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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