Traders Sell Grupo Televisa SAB (TV) on Strength (TV)
Traders sold shares of Grupo Televisa SAB (NYSE:TV) on strength during trading hours on Friday. $15.79 million flowed into the stock on the tick-up and $171.57 million flowed out of the stock on the tick-down, for a money net flow of $155.78 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 $0.42 for the day and closed at $27.11
Several equities analysts have recently weighed in on TV shares. Zacks Investment Research raised Grupo Televisa SAB from a “sell” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Monday, May 23rd. Evercore ISI raised Grupo Televisa SAB from a “hold” rating to a “buy” rating in a report on Thursday, July 7th. Credit Suisse Group AG reissued a “hold” rating on shares of Grupo Televisa SAB in a report on Saturday, April 30th. JPMorgan Chase & Co. cut Grupo Televisa SAB from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $31.00 to $30.00 in a report on Wednesday, March 30th. Finally, HSBC lowered Grupo Televisa SAB from a “hold” rating to a “reduce” rating and upped their price objective for the stock from $24.00 to $25.00 in a research note on Thursday, May 12th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $28.67.
The stock has a 50 day moving average price of $25.86 and a 200 day moving average price of $26.31. The firm has a market capitalization of $66.51 billion and a price-to-earnings ratio of 153.16.
Other large investors recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in Grupo Televisa SAB by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,385,053 shares of the company’s stock valued at $64,939,000 after buying an additional 19,971 shares during the last quarter. WCM Investment Management CA increased its stake in 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 last quarter. Bank of Montreal Can increased its stake in 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 last quarter. Finally, Morgan Stanley increased its stake in Grupo Televisa SAB by 13.4% in the fourth quarter. Morgan Stanley now owns 11,832,180 shares of the company’s stock valued at $321,953,000 after buying an additional 1,397,580 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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