Grupo Televisa, S.A.B. (NYSE:TV) Trading Up 6.3% – Still a Buy?

Grupo Televisa, S.A.B. (NYSE:TV) shares rose 6.3% on Thursday . The stock traded as high as $2.10 and last traded at $2.11. Approximately 578,779 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 2,132,149 shares. The stock had previously closed at $1.98.

Analysts Set New Price Targets

TV has been the topic of several recent research reports. StockNews.com cut Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. The Goldman Sachs Group reduced their price objective on shares of Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. JPMorgan Chase & Co. downgraded Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research note on Thursday, November 14th. Finally, Benchmark reaffirmed a “buy” rating and set a $7.00 price objective (down from $8.00) on shares of Grupo Televisa, S.A.B. in a research note on Wednesday. Three investment 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 company currently has an average rating of “Hold” and an average target price of $4.23.

Grupo Televisa, S.A.B. Stock Up 1.8 %

The firm’s 50 day simple moving average is $1.89 and its 200-day simple moving average is $2.05. The company has a current ratio of 2.43, a quick ratio of 2.41 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of -2.76 and a beta of 1.83.

Grupo Televisa, S.A.B. (NYSE:TV) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.90) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.91). Grupo Televisa, S.A.B. had a negative net margin of 11.69% and a negative return on equity of 5.73%. The company had revenue of $758.58 million during the quarter, compared to the consensus estimate of $15.49 billion. Equities analysts expect that Grupo Televisa, S.A.B. will post -0.07 earnings per share for the current fiscal year.

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

A number of institutional investors have recently bought and sold shares of the business. Central Pacific Bank Trust Division boosted its holdings in shares of Grupo Televisa, S.A.B. by 66.7% during the 4th quarter. Central Pacific Bank Trust Division now owns 25,000 shares of the company’s stock valued at $42,000 after acquiring an additional 10,000 shares in the last quarter. Banco Santander S.A. boosted its stake in shares of 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 purchasing an additional 20,999 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Grupo Televisa, S.A.B. by 57.9% during the fourth quarter. Northern Trust Corp now owns 64,512 shares of the company’s stock worth $108,000 after purchasing an additional 23,648 shares during the last quarter. PEAK6 LLC acquired a new position in shares of Grupo Televisa, S.A.B. in the fourth quarter valued at approximately $41,000. Finally, Russell Investments Group Ltd. bought a new position in Grupo Televisa, S.A.B. in the 4th quarter valued at approximately $47,000. 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.