Price Target Update on Grupo Televisa S.A. (NYSE:TV)

Grupo Televisa S.A. (NYSE:TV) : Currently there are 6 street experts covering Grupo Televisa S.A. (NYSE:TV) stock. The most bullish and bearish price target for the stock is $33 and $22 respectively for the short term. The average price target of all the analysts comes to $27.58. The estimated standard deviation from the target is $3.83.

Other Equity analysts have also commented on the company shares. HSBC downgrades their rating on the shares of Grupo Televisa S.A. (NYSE:TV). The current rating of the shares is Reduce. Earlier, the shares were rated a Hold by the brokerage firm. Equity Analysts at the Firm raises the price target to $25 per share from $24 per share. The rating by the firm was issued on May 12, 2016.

Grupo Televisa S.A. (NYSE:TV): stock turned positive on Thursday. Though the stock opened at $26.55, the bulls momentum made the stock top out at $26.63 level for the day. The stock recorded a low of $26.31 and closed the trading day at $26.58, in the green by 1.72%. The total traded volume for the day was 2,499,812. The stock had closed at $26.13 in the previous days trading.

The company shares have dropped -34.20% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $40.05 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $26.28 and the 200 Day Moving Average price is recorded at $26.55.

Grupo Televisa, S.A.B. 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. It exports its programs and formats to television networks around the world. It is also a Spanish-language magazine publisher. Its pay-television channels include three music, six movie, seven variety and entertainment channels and two sports channels. Its programs include telenovelas, newscasts, situation comedies, game shows, reality shows, childrens programs, comedy and variety programs, musical and cultural events, movies and educational programming. Its programming also includes broadcasts of special events and sports events in Mexico.

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