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

Grupo Televisa S.A. (NYSE:TV) : 7 analysts are covering Grupo Televisa S.A. (NYSE:TV) and their average rating on the stock is 2.43, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Grupo Televisa S.A. (NYSE:TV) : The highest short term price target forecast on Grupo Televisa S.A. (NYSE:TV) is $33 and the lowest target price is $22. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $27.58 with a standard deviation of $3.83.

Company shares have received an average consensus rating of Hold for the current week Also, Equity analysts at the Brokerage firm HSBC downgrades its rating on Grupo Televisa S.A. (NYSE:TV). The rating major has initiated the coverage with reduce rating on the shares. Earlier, the shares were rated a Hold by the brokerage firm. The Analysts at HSBC raises the price target from $24 per share to $25 per share. The rating by the firm was issued on May 12, 2016.

Grupo Televisa S.A. (NYSE:TV): stock turned positive on Tuesday. Though the stock opened at $24.39, the bulls momentum made the stock top out at $24.7 level for the day. The stock recorded a low of $24.3 and closed the trading day at $24.57, in the green by 2.76%. The total traded volume for the day was 2,471,124. The stock had closed at $23.91 in the previous days trading.

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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