Grupo Televisa S.A. (TV) : Analyst Rating Update

Grupo Televisa S.A. (TV) has an average broker rating of 2.43, which is interpreted as a Buy, as rated by 7 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Grupo Televisa S.A. (TV) : Currently there are 6 street experts covering Grupo Televisa S.A. (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.

Grupo Televisa S.A. (NYSE:TV): The stock opened at $25.63 on Wednesday but the bulls could not build on the opening and the stock topped out at $25.87 for the day. The stock traded down to $24.98 during the day, due to lack of any buying support eventually closed down at $25.06 with a loss of -3.32% for the day. The stock had closed at $25.92 on the previous day. The total traded volume was 3,634,082 shares.

Also, Equity Analysts at the Brokerage Firm, HSBC, downgrades their rating on the shares of Grupo Televisa S.A. (NYSE:TV). HSBC has a Reduce rating on the shares. Previously, the analysts had a Hold rating on the shares. As per the latest research report, the brokerage house raises the price target to $25 per share from a prior target of $24. The rating by the firm was issued on May 12, 2016. The company shares have dropped -27.31% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $36.43 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $25.91 and the 200 Day Moving Average price is recorded at $26.39.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.