Traders Sell Shares of Grupo Televisa SAB (TV) on Strength (TV)
Investors sold shares of Grupo Televisa SAB (NYSE:TV) on strength during trading on Friday. $13.93 million flowed into the stock on the tick-up and $62.95 million flowed out of the stock on the tick-down, for a money net flow of $49.02 million out of the stock. Of all equities tracked, Grupo Televisa SAB had the 0th highest net out-flow for the day. Grupo Televisa SAB traded up $1.02 for the day and closed at $25.72
A number of analysts recently weighed in on TV shares. JPMorgan Chase & Co. lowered shares of Grupo Televisa SAB from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $31.00 to $30.00 in a research note on Wednesday, March 30th. Evercore ISI initiated coverage on shares of Grupo Televisa SAB in a report on Tuesday, April 19th. They issued a “hold” rating and a $28.00 target price for the company. Credit Suisse Group AG reiterated a “hold” rating on shares of Grupo Televisa SAB in a report on Saturday, April 30th. Citigroup Inc. downgraded shares of Grupo Televisa SAB from a “buy” rating to a “sell” rating in a report on Monday, May 9th. Finally, HSBC downgraded shares of Grupo Televisa SAB from a “hold” rating to a “reduce” rating and boosted their target price for the stock from $24.00 to $25.00 in a report on Thursday, May 12th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $28.67.
The stock’s 50-day moving average is $25.84 and its 200-day moving average is $26.36. The company has a market cap of $75.23 billion and a PE ratio of 147.82.
Other hedge funds have modified their holdings of the company. Harris Associates L P acquired a new stake in shares of Grupo Televisa SAB during the fourth quarter worth about $409,829,000. Asturias Capital LLC acquired a new stake in shares of Grupo Televisa SAB during the fourth quarter worth about $50,081,000. Morgan Stanley increased its stake in shares of Grupo Televisa SAB by 13.4% in the fourth quarter. Morgan Stanley now owns 11,832,180 shares of the company’s stock worth $321,953,000 after buying an additional 1,397,580 shares during the last quarter. Cornerstone Capital Management LLC acquired a new stake in shares of Grupo Televisa SAB during the fourth quarter worth about $23,784,000. Finally, Baillie Gifford & Co. increased its stake in shares of Grupo Televisa SAB by 9.4% in the fourth quarter. Baillie Gifford & Co. now owns 2,235,271 shares of the company’s stock worth $60,822,000 after buying an additional 191,171 shares during the last quarter.
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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