Grupo Televisa, S.A.B. (NYSE:TV) Stock Crosses Above 200 Day Moving Average - Should You Sell?

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.53 and traded as high as $2.57. Grupo Televisa, S.A.B. shares last traded at $2.40, with a volume of 1,457,883 shares.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on TV shares. Benchmark cut their price objective on Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a "buy" rating on the stock in a research note on Thursday, October 24th. The Goldman Sachs Group reduced their price objective on shares of Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a "buy" rating for the company in a research note on Monday, August 5th. Finally, StockNews.com upgraded shares of Grupo Televisa, S.A.B. from a "hold" rating to a "buy" rating in a research note on Thursday, October 24th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $5.35.

Grupo Televisa, S.A.B. Stock Performance

The firm has a market cap of $1.33 billion, a price-to-earnings ratio of -3.38, a P/E/G ratio of 1.11 and a beta of 1.88. The firm's 50 day moving average price is $2.27 and its 200-day moving average price is $2.53. 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 - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.04. Grupo Televisa, S.A.B. had a negative net margin of 10.88% and a negative return on equity of 5.68%. The company had revenue of $812.55 million for the quarter, compared to the consensus estimate of $828.35 million. On average, analysts anticipate that Grupo Televisa, S.A.B. will post 0.07 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sanctuary Advisors LLC bought a new position in Grupo Televisa, S.A.B. during the second quarter worth about $29,000. Central Pacific Bank Trust Division bought a new stake in Grupo Televisa, S.A.B. in the first quarter valued at $39,000. Welch Group LLC acquired a new position in Grupo Televisa, S.A.B. during the second quarter worth $55,000. SG Americas Securities LLC lifted its holdings in shares of Grupo Televisa, S.A.B. by 35.7% during the second quarter. SG Americas Securities LLC now owns 28,154 shares of the company's stock valued at $78,000 after acquiring an additional 7,406 shares during the period. Finally, Ballentine Partners LLC boosted its stake in shares of 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 valued at $87,000 after purchasing an additional 5,939 shares in the last quarter. 55.77% of the stock is owned by institutional investors.

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.