Grupo Televisa SAB (NYSE:TV) shares dropped 3.5% during mid-day trading on Monday . The stock traded as low as $26.13 and last traded at $26.15, with a volume of 1,758,057 shares traded. The stock had previously closed at $27.11.

Several brokerages have weighed in on TV. Evercore ISI began coverage on Grupo Televisa SAB in a report on Tuesday, April 19th. They issued a “hold” rating and a $28.00 price target for the company. JPMorgan Chase & Co. downgraded Grupo Televisa SAB from an “overweight” rating to a “neutral” rating and cut their price target for the company from $31.00 to $30.00 in a report on Wednesday, March 30th. Credit Suisse Group AG reiterated a “hold” rating on shares of Grupo Televisa SAB in a report on Saturday, April 30th. Zacks Investment Research upgraded Grupo Televisa SAB from a “sell” rating to a “buy” rating and set a $30.00 price target for the company in a report on Monday, May 23rd. Finally, HSBC downgraded Grupo Televisa SAB from a “hold” rating to a “reduce” rating and boosted their price target for the company from $24.00 to $25.00 in a report on Thursday, May 12th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $28.67.

The company has a market capitalization of $64.55 billion and a P/E ratio of 148.64. The stock’s 50 day moving average is $25.85 and its 200 day moving average is $26.32.

Several institutional investors recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position 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 in the last quarter. WCM Investment Management CA increased its position 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 in the last quarter. Bank of Montreal Can increased its position 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 in the last quarter. Finally, Morgan Stanley increased its position 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 in 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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