Grupo Televisa (NYSE:TV – Get Free Report) had its target price lowered by equities research analysts at UBS Group from $3.20 to $3.10 in a research note issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price objective suggests a potential upside of 16.32% from the company’s previous close.
A number of other analysts also recently weighed in on the stock. Wall Street Zen downgraded shares of Grupo Televisa from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings restated a “sell (d-)” rating on shares of Grupo Televisa in a research report on Monday, April 20th. Finally, New Street Research cut Grupo Televisa from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 17th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $5.23.
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Grupo Televisa Stock Performance
Insiders Place Their Bets
In related news, Director Viadero Salvi Rafael Folch sold 200,003 shares of the stock in a transaction on Monday, May 25th. The shares were sold at an average price of $0.56, for a total transaction of $112,001.68. Following the transaction, the director directly owned 32,997 shares of the company’s stock, valued at $18,478.32. This represents a 85.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robelo Francisco Jose Chevez sold 44,500 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $0.57, for a total transaction of $25,365.00. Following the completion of the sale, the director owned 838,275 shares of the company’s stock, valued at $477,816.75. The trade was a 5.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,197,500 shares of company stock valued at $680,245 over the last quarter.
Institutional Investors Weigh In On Grupo Televisa
Several hedge funds and other institutional investors have recently modified their holdings of TV. TD Private Client Wealth LLC lifted its holdings in shares of Grupo Televisa by 32.1% in the fourth quarter. TD Private Client Wealth LLC now owns 14,111 shares of the company’s stock valued at $41,000 after purchasing an additional 3,426 shares in the last quarter. Corient Private Wealth LLC raised its holdings in shares of Grupo Televisa by 2.8% in the 2nd quarter. Corient Private Wealth LLC now owns 237,177 shares of the company’s stock worth $519,000 after purchasing an additional 6,518 shares during the period. Squarepoint Ops LLC lifted its stake in Grupo Televisa by 22.8% in the fourth quarter. Squarepoint Ops LLC now owns 38,683 shares of the company’s stock valued at $113,000 after purchasing an additional 7,176 shares during the last quarter. R Squared Ltd grew its holdings in Grupo Televisa by 16.8% during the fourth quarter. R Squared Ltd now owns 54,574 shares of the company’s stock valued at $159,000 after purchasing an additional 7,862 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its holdings in Grupo Televisa by 135.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 15,499 shares of the company’s stock valued at $45,000 after purchasing an additional 8,926 shares during the period. Institutional investors own 55.77% of the company’s stock.
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.
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