Grupo Televisa (NYSE:TV) Upgraded at Zacks Research

Grupo Televisa (NYSE:TV) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Several other brokerages have also recently weighed in on TV. Weiss Ratings reiterated a “sell (d-)” rating on shares of Grupo Televisa in a report on Wednesday, January 21st. Benchmark reaffirmed a “buy” rating on shares of Grupo Televisa in a research note on Friday, January 2nd. Finally, UBS Group reiterated a “buy” rating on shares of Grupo Televisa in a report on Monday, October 27th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $5.07.

Grupo Televisa Price Performance

Shares of TV stock opened at $3.31 on Monday. The company has a market capitalization of $1.86 billion, a P/E ratio of -3.27, a P/E/G ratio of 1.29 and a beta of 1.95. The company’s 50-day simple moving average is $2.94 and its two-hundred day simple moving average is $2.71. Grupo Televisa has a one year low of $1.55 and a one year high of $3.47. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.31 and a quick ratio of 2.29.

Institutional Trading of Grupo Televisa

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in shares of Grupo Televisa by 6.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 22,426,972 shares of the company’s stock worth $60,329,000 after acquiring an additional 1,367,578 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in Grupo Televisa by 2.0% in the third quarter. Gamco Investors INC. ET AL now owns 18,921,985 shares of the company’s stock worth $50,900,000 after purchasing an additional 370,166 shares during the last quarter. Acadian Asset Management LLC grew its holdings in Grupo Televisa by 32.9% in the second quarter. Acadian Asset Management LLC now owns 10,222,182 shares of the company’s stock worth $22,376,000 after purchasing an additional 2,533,311 shares during the last quarter. Gabelli Funds LLC increased its position in shares of Grupo Televisa by 5.9% during the third quarter. Gabelli Funds LLC now owns 6,999,100 shares of the company’s stock worth $18,828,000 after purchasing an additional 388,500 shares in the last quarter. Finally, GFS Advisors LLC purchased a new stake in shares of Grupo Televisa during the 2nd quarter valued at $4,692,000. 55.77% of the stock is currently owned by institutional investors.

Grupo Televisa Company Profile

Grupo Televisa, SAB. is a leading Mexican multimedia conglomerate headquartered in Mexico City, specializing in the creation, production and distribution of Spanish-language content. The company operates free-to-air television networks, subscription pay-TV services, broadband and telephony under its cable arm, and a range of digital streaming platforms. Grupo Televisa’s portfolio spans news, sports, telenovelas, reality programming and original series, positioning it as one of the largest content producers in the Spanish-speaking world.

Televisa’s broadcast division includes flagship channels such as Las Estrellas and Canal 5, while its pay-TV segment features operations under brands like Sky México and Izzi Telecom.