Grupo Televisa, S.A.B. (NYSE:TV) Sees Large Volume Increase - Should You Buy?

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 2,415,259 shares traded hands during trading, an increase of 43% from the previous session's volume of 1,686,988 shares.The stock last traded at $1.73 and had previously closed at $1.77.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on TV shares. StockNews.com cut Grupo Televisa, S.A.B. from a "buy" rating to a "hold" rating in a research report on Thursday, November 28th. The Goldman Sachs Group reduced their price target on shares of Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a "buy" rating for the company in a research report on Tuesday, January 28th. Finally, Benchmark restated a "buy" rating and issued a $7.00 price target (down previously from $8.00) on shares of Grupo Televisa, S.A.B. in a report on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $4.23.

Grupo Televisa, S.A.B. Trading Down 2.0 %

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 2.41. The business's 50-day simple moving average is $1.90 and its 200-day simple moving average is $2.04. The company has a market cap of $933.15 million, a price-to-earnings ratio of -2.31 and a beta of 1.84.

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Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported ($0.90) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.91). The company had revenue of $758.58 million during the quarter, compared to analysts' expectations of $15.49 billion. Grupo Televisa, S.A.B. had a negative net margin of 11.69% and a negative return on equity of 5.73%. Research analysts predict 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 hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Discovery Capital Management LLC CT grew its holdings in shares of Grupo Televisa, S.A.B. by 0.6% during the fourth quarter. Discovery Capital Management LLC CT now owns 17,536,831 shares of the company's stock worth $29,462,000 after buying an additional 100,100 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in Grupo Televisa, S.A.B. by 3.0% in the 4th quarter. Gamco Investors INC. ET AL now owns 17,119,063 shares of the company's stock worth $28,760,000 after acquiring an additional 500,271 shares during the period. GFS Advisors LLC acquired a new position in Grupo Televisa, S.A.B. in the 4th quarter valued at $3,600,000. Robeco Institutional Asset Management B.V. lifted its stake in shares of Grupo Televisa, S.A.B. by 245.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,976,394 shares of the company's stock worth $3,320,000 after purchasing an additional 1,404,933 shares during the period. Finally, Itau Unibanco Holding S.A. boosted its holdings in shares of Grupo Televisa, S.A.B. by 13,477.4% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,749,042 shares of the company's stock worth $2,938,000 after purchasing an additional 1,736,160 shares during the last quarter. Hedge funds and other 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.