Grupo Televisa, S.A.B. (NYSE:TV) Sees Strong Trading Volume – What’s Next?

Grupo Televisa, S.A.B. (NYSE:TV) shares saw strong trading volume on Wednesday . 4,808,003 shares changed hands during trading, an increase of 204% from the previous session’s volume of 1,583,650 shares.The stock last traded at $2.04 and had previously closed at $2.00.

Analysts Set New Price Targets

Several brokerages recently weighed in on TV. JPMorgan Chase & Co. downgraded Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 14th. Benchmark decreased their target price on shares of Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. The Goldman Sachs Group dropped their price target on Grupo Televisa, S.A.B. from $2.90 to $2.50 and set a “buy” rating on the stock in a research note on Friday, November 15th. Finally, StockNews.com downgraded shares of Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $5.25.

Grupo Televisa, S.A.B. Stock Up 3.0 %

The stock has a market cap of $1.14 billion, a price-to-earnings ratio of -2.90, a PEG ratio of 1.11 and a beta of 1.88. The stock has a 50 day simple moving average of $2.32 and a 200 day simple moving average of $2.47. The company has a quick ratio of 2.41, a current ratio of 2.43 and a debt-to-equity ratio of 0.03.

Grupo Televisa, S.A.B. (NYSE:TV) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.04. The business had revenue of $812.55 million during the quarter, compared to the consensus estimate of $828.35 million. Grupo Televisa, S.A.B. had a negative net margin of 10.88% and a negative return on equity of 5.68%. As a group, analysts expect that Grupo Televisa, S.A.B. will post 0.06 earnings per share for the current fiscal year.

Institutional Trading of Grupo Televisa, S.A.B.

Institutional investors have recently made changes to their positions in the company. Centiva Capital LP grew its stake in Grupo Televisa, S.A.B. by 86.3% in the 3rd quarter. Centiva Capital LP now owns 101,499 shares of the company’s stock valued at $260,000 after purchasing an additional 47,014 shares during the period. PEAK6 Investments LLC purchased a new position in Grupo Televisa, S.A.B. during the 3rd quarter valued at about $119,000. BNP Paribas Financial Markets increased its holdings in Grupo Televisa, S.A.B. by 1,005,403.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 271,486 shares of the company’s stock worth $695,000 after acquiring an additional 271,459 shares during the period. Banco Santander S.A. boosted its stake in Grupo Televisa, S.A.B. by 13.0% during the third quarter. Banco Santander S.A. now owns 182,999 shares of the company’s stock valued at $468,000 after buying an additional 20,999 shares during the period. Finally, Thrivent Financial for Lutherans purchased a new position in shares of Grupo Televisa, S.A.B. during the third quarter worth about $284,000. Institutional investors own 55.77% of the company’s stock.

About Grupo Televisa, S.A.B.

Grupo Televisa, SAB., together with its subsidiaries, owns and operates cable companies and provides direct-to-home satellite pay television system in Mexico and the United States. It operates through three segments: Cable, Sky, and Other Businesses. The Cable segment operates cable multiple system that provides basic and premium television subscription, pay-per-view, installation, Internet subscription, and telephone and mobile services subscription, as well as local and national advertising services; and telecommunication facilities, which offers data and long-distance services solutions to carriers and other telecommunications service providers through its fiber-optic network.