The stock of Grupo Televisa SAB (ADR) (NYSE:TV) is a huge mover today! About 694,025 shares traded hands. Grupo Televisa SAB (ADR) (NYSE:TV) has declined 0.04% since February 29, 2016 and is downtrending. It has underperformed by 12.25% the S&P500.
The move comes after 6 months positive chart setup for the $14.96 billion company. It was reported on Oct, 3 by Barchart.com. We have $34.92 PT which if reached, will make NYSE:TV worth $5.24 billion more.
Grupo Televisa SAB (ADR) (NYSE:TV) Ratings Coverage
Out of 8 analysts covering Grupo Televisa SAB (NYSE:TV), 1 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 13% are positive. Grupo Televisa SAB has been the topic of 12 analyst reports since September 4, 2015 according to StockzIntelligence Inc. As per Wednesday, April 20, the company rating was initiated by Evercore. The stock has “Outperform” rating given by Credit Suisse on Tuesday, September 27. On Monday, May 9 the stock rating was downgraded by Citigroup to “Sell”. As per Thursday, May 12, the company rating was downgraded by HSBC. The rating was downgraded by JP Morgan on Wednesday, March 30 to “Neutral”. JP Morgan upgraded the stock to “Overweight” rating in Tuesday, January 12 report. The firm has “Hold” rating given on Thursday, September 22 by HSBC. The firm has “Hold” rating given on Wednesday, September 30 by HSBC. As per Friday, September 4, the company rating was downgraded by TheStreet. Credit Suisse initiated the stock with “Neutral” rating in Friday, February 19 report.
According to Zacks Investment Research, “Grupo Televisa, S.A, is the largest media company in the Spanish-speaking world, and a major player in the international entertainment business. They have interests in Television production, broadcasting, international distribution of television programming, direct-to-home satellite services, publishing, music recording, radio production and broadcasting, cable television, professional sports and show business promotions, paging services, feature film production and distribution and dubbing.”
More news for Grupo Televisa SAB (ADR) (NYSE:TV) were recently published by: Marketwatch.com, which released: “Grupo Televisa SAB ADR” on October 17, 2010. Benzinga.com‘s article titled: “Pete Najarian Sees Unusual Options Activity In Grupo Televisa SAB” and published on September 27, 2016 is yet another important article.
TV Company Profile
Grupo Televisa, S.A.B., incorporated on December 19, 1990, is a media company. The Firm is a cable operator and an operator of a direct-to-home (DTH) satellite pay television system in Mexico. The Firm operates through four divisions: Content, Sky, Cable and Other Businesses. The Firm distributes the content it produces through various broadcast channels in Mexico and in over 50 other countries through approximately 30 pay-television brands and television networks, cable operators and over-the-top (OTT) services. In the United States, its audiovisual content is distributed through Univision Communications Inc. (Univision). Univision broadcasts its audiovisual content through multiple platforms. The Company’s cable business offers integrated services, including video, high-speed data and voice services to residential and commercial customers, as well as managed services to domestic and international carriers through over five cable Multiple System Operators in Mexico. It owns interest in Sky, a DTH satellite pay television system in Mexico, operating also in the Dominican Republic and Central America. It also has interests in magazine publishing and distribution, radio production and broadcasting, professional sports and live entertainment, feature-film production and distribution, and gaming.
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