Taking this into account, JP Morgan downgraded its Grupo Televisa SAB ADR [TV] rating to a Neutral from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in mid April from “a Buy” to “a Neutral”. Morgan Stanley also remained covering TV and has decreased its forecast on January 05, 2024 with a “an Equal-weight” recommendation from previously “an Overweight” rating. BofA Securities revised its rating on October 05, 2023. It rated TV as “a Buy” which previously was an “a Neutral”.
Price Performance Review of TV
On Tuesday, Grupo Televisa SAB ADR [NYSE:TV] saw its stock jump 5.88% to $1.98. Over the last five days, the stock has gained 17.16%. Grupo Televisa SAB ADR shares have risen nearly 17.86% since the year began. Nevertheless, the stocks have fallen -26.99% over the past one year. While a 52-week high of $3.62 was reached on 01/07/25, a 52-week low of $1.66 was recorded on 01/03/25. SMA at 50 days reached $2.0450, while 200 days put it at $2.4746.
Levels Of Support And Resistance For TV Stock
The 24-hour chart illustrates a support level at 1.9167, which if violated will result in even more drops to 1.8533. On the upside, there is a resistance level at 2.0267. A further resistance level may holdings at 2.0733. The Relative Strength Index (RSI) on the 14-day chart is 58.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0729, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.57%. Stochastics %K at 59.20% indicates the stock is a holding.
How much short interest is there in Grupo Televisa SAB ADR?
A steep rise in short interest was recorded in Grupo Televisa SAB ADR stocks on 2024-12-13, growing by 3.38 million shares to a total of 9.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 5.89 million shares. There was a rise of 36.45%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 31, 2023 when Goldman began covering the stock and recommended ‘”a Buy”‘ rating along with a $6.10 price target.
