Grupo Televisa, S.A.B. (NYSE:TV) Shares Gap Up - Here's What Happened

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report)'s stock price gapped up before the market opened on Thursday . The stock had previously closed at $1.89, but opened at $1.94. Grupo Televisa, S.A.B. shares last traded at $1.89, with a volume of 77,662 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Benchmark reaffirmed a "buy" rating and issued a $7.00 price objective (down previously from $8.00) on shares of Grupo Televisa, S.A.B. in a research note on Wednesday, March 5th. StockNews.com cut shares of 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 dropped their price target on Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a "buy" rating for the company in a research note on Tuesday, January 28th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $4.23.

Grupo Televisa, S.A.B. Price Performance

The firm has a market capitalization of $977.46 million, a P/E ratio of -2.42 and a beta of 1.84. 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 firm has a 50 day moving average price of $1.92 and a 200-day moving average price of $2.05.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. PEAK6 LLC purchased a new position in Grupo Televisa, S.A.B. during the 4th quarter valued at $41,000. Central Pacific Bank Trust Division boosted its stake 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 valued at $42,000 after purchasing an additional 10,000 shares during the period. Russell Investments Group Ltd. purchased a new stake in shares of Grupo Televisa, S.A.B. during the fourth quarter valued at $47,000. Tower Research Capital LLC TRC grew its holdings in shares of 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 worth $52,000 after purchasing an additional 30,143 shares during the last quarter. Finally, Employees Retirement System of Texas purchased a new position in Grupo Televisa, S.A.B. in the 4th quarter worth about $84,000. 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.