Grupo Televisa, S.A.B. (NYSE:TV) Trading 9% Higher – Here’s Why

Grupo Televisa, S.A.B. (NYSE:TV)’s share price was up 9% during mid-day trading on Monday . The company traded as high as $1.89 and last traded at $1.89. Approximately 2,108,132 shares changed hands during mid-day trading, an increase of 20% from the average daily volume of 1,757,323 shares. The stock had previously closed at $1.73.

Analyst Ratings Changes

A number of research firms have recently weighed in on TV. JPMorgan Chase & Co. lowered shares of Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a report on Thursday, November 14th. The Goldman Sachs Group reduced their target price 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. StockNews.com lowered Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Finally, Benchmark reduced their price objective on shares of Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $5.67.

Grupo Televisa, S.A.B. Trading Down 4.8 %

The company has a market cap of $1.04 billion, a PE ratio of -2.65, a PEG ratio of 0.56 and a beta of 1.82. The stock has a 50 day moving average price of $2.00 and a 200 day moving average price of $2.18. The company has a current ratio of 2.43, a quick ratio of 2.41 and a debt-to-equity ratio of 0.03.

Grupo Televisa, S.A.B. (NYSE:TV) last announced its earnings results on Thursday, October 24th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. The firm had revenue of $812.55 million for the quarter, compared to analysts’ expectations 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%. Sell-side analysts predict that Grupo Televisa, S.A.B. will post 0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Grupo Televisa, S.A.B.

Several institutional investors and hedge funds have recently modified their holdings of TV. Sanctuary Advisors LLC purchased a new stake in Grupo Televisa, S.A.B. during the 2nd quarter valued at $29,000. Central Pacific Bank Trust Division increased its holdings in Grupo Televisa, S.A.B. by 50.0% in the 3rd quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company’s stock worth $38,000 after buying an additional 5,000 shares in the last quarter. Ballentine Partners LLC increased its holdings in Grupo Televisa, S.A.B. by 23.3% in the 2nd quarter. Ballentine Partners LLC now owns 31,381 shares of the company’s stock worth $87,000 after buying an additional 5,939 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of Grupo Televisa, S.A.B. during the 3rd quarter valued at about $90,000. Finally, PEAK6 Investments LLC bought a new stake in shares of Grupo Televisa, S.A.B. in the third quarter worth approximately $119,000. 55.77% of the stock is currently owned by institutional investors.

Grupo Televisa, S.A.B. Company Profile

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.