Investors Buy Grupo Televisa SAB (TV) on Weakness
Investors bought 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 equities 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 research analysts recently issued reports on TV shares. Credit Suisse Group AG reissued a “hold” rating on shares of Grupo Televisa SAB in a report on Saturday, April 30th. Citigroup Inc. cut shares of Grupo Televisa SAB from a “buy” rating to a “sell” rating in a report on Monday, May 9th. HSBC cut shares of Grupo Televisa SAB from a “hold” rating to a “reduce” rating and increased their price target for the stock from $24.00 to $25.00 in a report on Thursday, May 12th. Zacks Investment Research raised shares of 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, Evercore ISI raised shares of Grupo Televisa SAB from a “hold” rating to a “buy” rating in a report on Thursday, July 7th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $28.67.
The stock’s 50-day moving average price is $26.82 and its 200 day moving average price is $26.46. The company has a market capitalization of $67.25 billion and a P/E ratio of 152.28.
A hedge fund recently raised its stake in Grupo Televisa SAB stock. Ameriprise Financial Inc. raised its stake in shares of Grupo Televisa SAB (NYSE:TV) by 8.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,045,035 shares of the company’s stock after buying an additional 162,718 shares during the period. Ameriprise Financial Inc. owned about 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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