Grupo Televisa, S.A.B. (NYSE:TV) Stock Price Up 5.4% – Here’s What Happened

Shares of Grupo Televisa, S.A.B. (NYSE:TV) traded up 5.4% during trading on Tuesday . The company traded as high as $1.82 and last traded at $1.86. 154,146 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 1,748,278 shares. The stock had previously closed at $1.76.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Benchmark reiterated 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, March 5th. StockNews.com cut Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Finally, The Goldman Sachs Group decreased their price target on 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. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $4.23.

Grupo Televisa, S.A.B. Price Performance

The business’s 50-day simple moving average is $1.90 and its two-hundred day simple moving average is $2.04. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of -2.50 and a beta of 1.84. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 2.41.

Grupo Televisa, S.A.B. (NYSE:TV) last released its quarterly earnings data on Thursday, February 20th. The company reported ($0.90) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $758.58 million for the quarter, compared to analyst estimates of $15.49 billion. Research analysts expect that Grupo Televisa, S.A.B. will post -0.07 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. PEAK6 LLC bought a new stake in Grupo Televisa, S.A.B. during the 4th quarter worth approximately $41,000. Central Pacific Bank Trust Division lifted its holdings in shares of Grupo Televisa, S.A.B. by 66.7% during the fourth quarter. Central Pacific Bank Trust Division now owns 25,000 shares of the company’s stock worth $42,000 after purchasing an additional 10,000 shares during the period. Russell Investments Group Ltd. bought a new stake in shares of Grupo Televisa, S.A.B. in the fourth quarter worth $47,000. Tower Research Capital LLC TRC increased its holdings in Grupo Televisa, S.A.B. by 3,312.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 31,053 shares of the company’s stock valued at $52,000 after purchasing an additional 30,143 shares during the period. Finally, PEAK6 Investments LLC bought a new position in Grupo Televisa, S.A.B. during the 3rd quarter worth $119,000. 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.