Grupo Televisa SAB (NYSE:TV) shares were down 3.1% during mid-day trading on Wednesday . The company traded as low as $25.06 and last traded at $25.11, with a volume of 2,778,006 shares trading hands. The stock had previously closed at $25.92.

A number of research analysts have issued reports on TV shares. Zacks Investment Research upgraded Grupo Televisa SAB from a “sell” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Monday, May 23rd. Credit Suisse Group AG reiterated a “hold” rating on shares of Grupo Televisa SAB in a research report on Saturday, April 30th. Evercore ISI started coverage on Grupo Televisa SAB in a research report on Tuesday, April 19th. They issued a “hold” rating and a $28.00 target price on the stock. JPMorgan Chase & Co. cut Grupo Televisa SAB from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $31.00 to $30.00 in a research report on Wednesday, March 30th. Finally, HSBC cut Grupo Televisa SAB from a “hold” rating to a “reduce” rating and lifted their target price for the company from $24.00 to $25.00 in a research report on Thursday, May 12th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. Grupo Televisa SAB has a consensus rating of “Hold” and an average price target of $30.57.

The stock has a market cap of $72.44 billion and a P/E ratio of 140.79. The firm has a 50 day moving average of $25.91 and a 200-day moving average of $26.39.

The company also recently disclosed a dividend, which was paid on Tuesday, June 7th. Investors of record on Tuesday, May 31st were paid a $0.085 dividend. The ex-dividend date of this dividend was Thursday, May 26th.

A number of hedge funds and institutional investors have recently made changes to their positions in TV. BARING ASSET MANAGEMENT Ltd boosted its position in shares of Grupo Televisa SAB by 167.0% in the fourth quarter. BARING ASSET MANAGEMENT Ltd now owns 237,951 shares of the company’s stock valued at $6,475,000 after buying an additional 148,832 shares during the period. WCM Investment Management CA boosted its stake in shares of Grupo Televisa SAB by 12.0% in the fourth quarter. WCM Investment Management CA now owns 239,841 shares of the company’s stock valued at $6,526,000 after buying an additional 25,641 shares during the period. Nationwide Fund Advisors boosted its stake in shares of Grupo Televisa SAB by 24.1% in the fourth quarter. Nationwide Fund Advisors now owns 446,863 shares of the company’s stock valued at $12,159,000 after buying an additional 86,785 shares during the period. Bank of Montreal Can boosted its stake in shares of Grupo Televisa SAB by 31.6% in the fourth quarter. Bank of Montreal Can now owns 739,837 shares of the company’s stock valued at $20,130,000 after buying an additional 177,772 shares during the period. Finally, Cornerstone Capital Management LLC bought a new stake in shares of Grupo Televisa SAB during the fourth quarter valued at about $23,784,000.

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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