Grupo Televisa, S.A.B. (NYSE:TV) Trading 5.5% Higher – Here’s What Happened

by · The Cerbat Gem

Shares of Grupo Televisa, S.A.B. (NYSE:TV – Get Free Report) rose 5.5% during trading on Tuesday . The stock traded as high as $2.31 and last traded at $2.31. Approximately 503,252 shares traded hands during trading, a decline of 67% from the average daily volume of 1,540,196 shares. The stock had previously closed at $2.19.

Analysts Set New Price Targets

A number of research firms recently commented on TV. StockNews.com upgraded Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. Benchmark lowered their price objective 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. Finally, The Goldman Sachs Group cut their target price on Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a “buy” rating on the stock in a research report on Monday, August 5th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.35.

View Our Latest Analysis on TV

Grupo Televisa, S.A.B. Stock Performance

The stock’s 50-day simple moving average is $2.19 and its 200 day simple moving average is $2.55. The company has a market capitalization of $1.32 billion, a PE ratio of -3.25, a P/E/G ratio of 0.95 and a beta of 1.89. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.28 and a current ratio of 2.31.

Grupo Televisa, S.A.B. (NYSE:TV – Get Free Report) last posted its earnings results on Thursday, October 24th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.03 by $0.04. The firm had revenue of $812.55 million for the quarter, compared to analyst estimates of $828.35 million. Grupo Televisa, S.A.B. had a negative return on equity of 5.50% and a negative net margin of 10.88%. As a group, research analysts expect that Grupo Televisa, S.A.B. will post 0.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Grupo Televisa, S.A.B.

Several institutional investors have recently added to or reduced their stakes in the business. Ballentine Partners LLC increased its stake in Grupo Televisa, S.A.B. by 18.0% in the third quarter. Ballentine Partners LLC now owns 37,039 shares of the company’s stock valued at $95,000 after purchasing an additional 5,658 shares during the last quarter. Central Pacific Bank Trust Division boosted its holdings in shares of 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 valued at $38,000 after buying an additional 5,000 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Grupo Televisa, S.A.B. in the 2nd quarter valued at $29,000. Northwestern Mutual Wealth Management Co. raised its stake in Grupo Televisa, S.A.B. by 22.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 98,282 shares of the company’s stock worth $272,000 after acquiring an additional 17,864 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its position in Grupo Televisa, S.A.B. by 199.3% in the second quarter. Squarepoint Ops LLC now owns 91,482 shares of the company’s stock valued at $253,000 after acquiring an additional 60,918 shares during the last quarter. Hedge funds and other institutional investors own 55.77% of the company’s stock.

Grupo Televisa, S.A.B. Company Profile

(Get Free Report)

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.

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