As this happened, BofA Securities downgraded its Grupo Televisa S.A.B. [TV] rating to a Neutral from a a Buy in a research note published on Tuesday. PT values the company’s stock at a premium of 23.69 to its Tuesday closing price. A number of analysts have revised their coverage, including Credit Suisse’s analysts, who decreased its forecast for the stock in mid August from “an Outperform” to “a Neutral”. UBS began covering TV with “Buy” recommendation on June 28, 2022.
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Price Performance Review of TV
On Tuesday, Grupo Televisa S.A.B. [NYSE:TV] saw its stock fall -4.98% to $4.96. On the same session, the stock had its day’s lowest price of $4.91, but rose to a high of $5.17. Over the last five days, the stock has lost -11.11%. Grupo Televisa S.A.B. shares have risen nearly 8.77% since the year began. Nevertheless, the stocks have fallen -52.76% over the past one year. While a 52-week high of $11.90 was reached on 02/02/23, a 52-week low of $4.47 was recorded on 01/03/23. SMA at 50 days reached $5.41, while 200 days put it at $6.49. A total of 5.12 million shares were traded, compared to the trading of 8.25 million shares in the previous session.
Levels Of Support And Resistance For TV Stock
The 24-hour chart illustrates a support level at 4.86, which if violated will result in even more drops to 4.75. On the upside, there is a resistance level at 5.12. A further resistance level may holdings at 5.27. The Relative Strength Index (RSI) on the 14-day chart is 34.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.76%. Stochastics %K at 12.27% indicates the stock is a buying.
How much short interest is there in Grupo Televisa S.A.B.?
A steep rise in short interest was recorded in Grupo Televisa S.A.B. stocks on Jan 12, 2023, growing by 0.51 million shares to a total of 4.49 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 3.98 million shares. There was a rise of 11.36%, which implies that there is a positive sentiment for the stock.
Grupo Televisa S.A.B. [TV] – Who Are The Largest Shareholders?
In filings from Dodge & Cox, it is revealed that the company now owns 64,848,920 shares, or roughly 11.48% of the outstanding TV shares. In other words, the investor’s shares have fallen by -150,000 from its previous 13-F filing of 64998920.0. Additionally, FPR Partners LLC increased 3.23% of its stake after which the total value it holdings stand at $196,529,105, while Harris Associates LP reduced -60.58% of its stake to hold $122.1 million in the firm. Over the last quarter, Alua Capital Management LP purchased 2,185,300 shares of Grupo Televisa S.A.B., while Macquarie Investment Management B bought -116,353 shares. At present, GAMCO Asset Management, Inc. is holding 7,034,593 shares valued at $43.26 million. Russell Investment Management LLC owned 6,415,670 shares of the company at the time of its most recent 13F filing, worth $39.46 million.
According to FactSet, Grupo Televisa S.A.B.’s share price will average $10.02 in the next year, based on opinions of analysts polled by the firm. This is up nearly 76.63 percent from its previous closing price of $5.22. Analysts expect Grupo Televisa S.A.B. stock to reach the higher price of $14.91, while the lowest price estimate is $6.59. However, 13 analysts have rated TV stock as a Buy in their predictions for 2023.