Grupo Televisa, S.A.B. (NYSE:TV) Shares Up 9% - Time to Buy?

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) rose 9% during trading on Monday . The company traded as high as $1.89 and last traded at $1.89. Approximately 2,108,132 shares traded hands during mid-day trading, an increase of 20% from the average daily volume of 1,757,323 shares. The stock had previously closed at $1.73.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TV. JPMorgan Chase & Co. downgraded Grupo Televisa, S.A.B. from an "overweight" rating to a "neutral" rating in a research report on Thursday, November 14th. Benchmark cut their target price 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. StockNews.com lowered Grupo Televisa, S.A.B. from a "buy" rating to a "hold" rating in a report on Thursday, November 28th. Finally, The Goldman Sachs Group decreased their price objective on shares of Grupo Televisa, S.A.B. from $2.90 to $2.50 and set a "buy" rating for the company in a report on Friday, November 15th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $5.67.

Grupo Televisa, S.A.B. Stock Up 9.0 %

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 market cap of $1.04 billion, a price-to-earnings ratio of -2.65, a PEG ratio of 0.56 and a beta of 1.82. The firm has a 50-day moving average of $2.03 and a two-hundred day moving average of $2.19.

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) last released its earnings results on Thursday, October 24th. The company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.04. The business had revenue of $812.55 million for the quarter, compared to the consensus estimate of $828.35 million. Grupo Televisa, S.A.B. had a negative return on equity of 5.68% and a negative net margin of 10.88%. As a group, sell-side analysts predict that Grupo Televisa, S.A.B. will post 0.11 earnings per share for the current fiscal year.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in TV. Central Pacific Bank Trust Division grew its stake in Grupo Televisa, S.A.B. by 50.0% during the third quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company's stock worth $38,000 after buying an additional 5,000 shares during the last quarter. Ballentine Partners LLC grew its holdings in Grupo Televisa, S.A.B. by 18.0% during the 3rd quarter. Ballentine Partners LLC now owns 37,039 shares of the company's stock worth $95,000 after acquiring an additional 5,658 shares during the last quarter. XTX Topco Ltd increased its position in Grupo Televisa, S.A.B. by 19.1% in the 2nd quarter. XTX Topco Ltd now owns 60,454 shares of the company's stock valued at $167,000 after acquiring an additional 9,684 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Grupo Televisa, S.A.B. in the second quarter worth about $29,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Grupo Televisa, S.A.B. by 22.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 98,282 shares of the company's stock worth $272,000 after acquiring an additional 17,864 shares during 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.