Traders Buy Shares of Grupo Televisa SAB (TV) on Weakness
Investors purchased shares of Grupo Televisa SAB (NYSE:TV) on weakness during trading hours on Friday. $16.38 million flowed into the stock on the tick-up and $6.56 million flowed out of the stock on the tick-down, for a money net flow of $9.82 million into the stock. Of all companies tracked, Grupo Televisa SAB had the 11th highest net in-flow for the day. Grupo Televisa SAB traded down ($0.34) for the day and closed at $27.41
Several equities analysts have recently weighed in on the stock. Credit Suisse Group AG reissued a “hold” rating on shares of Grupo Televisa SAB in a research report on Saturday, April 30th. Evercore ISI raised shares of Grupo Televisa SAB from a “hold” rating to a “buy” rating in a research report on Thursday, July 7th. Zacks Investment Research raised shares of Grupo Televisa SAB from a “sell” rating to a “hold” rating in a research report on Monday, June 20th. HSBC lowered shares of Grupo Televisa SAB from a “hold” rating to a “reduce” rating and increased their price objective for the company from $24.00 to $25.00 in a research report on Thursday, May 12th. Finally, Citigroup Inc. lowered shares of Grupo Televisa SAB from a “buy” rating to a “sell” rating in a research report on Monday, May 9th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. Grupo Televisa SAB currently has an average rating of “Hold” and a consensus price target of $28.67.
The firm has a market cap of $67.25 billion and a price-to-earnings ratio of 152.28. The company has a 50-day moving average price of $26.82 and a 200-day moving average price of $26.46.
An institutional investor recently raised its position in Grupo Televisa SAB stock. Ameriprise Financial Inc. increased its stake in Grupo Televisa SAB (NYSE:TV) by 8.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,045,035 shares of the company’s stock after buying an additional 162,718 shares during the period. Ameriprise Financial Inc. owned 0.07% of Grupo Televisa SAB worth $55,637,000 as of its most recent filing with the SEC.
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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