Grupo Televisa, S.A.B. (NYSE:TV) Trading 3.9% Higher - What's Next?

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) shares were up 3.9% on Monday . The company traded as high as $1.98 and last traded at $2.00. Approximately 665,098 shares traded hands during trading, a decline of 73% from the average daily volume of 2,488,813 shares. The stock had previously closed at $1.92.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TV shares. 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 on the stock in a research note on Tuesday, January 28th. JPMorgan Chase & Co. cut Grupo Televisa, S.A.B. from an "overweight" rating to a "neutral" rating in a research report on Thursday, November 14th. Benchmark reduced their price target on shares of Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. Finally, StockNews.com downgraded shares of Grupo Televisa, S.A.B. from a "buy" rating to a "hold" rating in a report on Thursday, November 28th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Grupo Televisa, S.A.B. has a consensus rating of "Hold" and an average target price of $5.57.

Grupo Televisa, S.A.B. Stock Down 1.2 %

The company has a quick ratio of 2.41, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. The company has a fifty day simple moving average of $1.85 and a 200-day simple moving average of $2.07. The firm has a market cap of $1.10 billion, a P/E ratio of -2.80 and a beta of 1.83.

Hedge Funds Weigh In On Grupo Televisa, S.A.B.

Large investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new stake in shares of Grupo Televisa, S.A.B. during the 2nd quarter valued at $29,000. Central Pacific Bank Trust Division increased its stake in Grupo Televisa, S.A.B. by 66.7% in the 4th quarter. Central Pacific Bank Trust Division now owns 25,000 shares of the company's stock worth $42,000 after buying an additional 10,000 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in Grupo Televisa, S.A.B. during the third quarter valued at about $90,000. Ballentine Partners LLC lifted its position in shares of Grupo Televisa, S.A.B. by 18.0% in the third quarter. Ballentine Partners LLC now owns 37,039 shares of the company's stock valued at $95,000 after acquiring an additional 5,658 shares in the last quarter. Finally, PEAK6 Investments LLC bought a new position in shares of Grupo Televisa, S.A.B. in the third quarter worth about $119,000. Hedge funds and other institutional investors own 55.77% of the company's stock.

Grupo Televisa, S.A.B. Company Profile

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.