Grupo Televisa, S.A.B. (NYSE:TV) Trading Up 5.4% - Here's Why

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report)'s stock price traded up 5.4% during trading on Tuesday . The company traded as high as $1.82 and last traded at $1.86. 154,146 shares were traded during mid-day trading, a decline of 91% from the average session volume of 1,748,278 shares. The stock had previously closed at $1.76.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. The Goldman Sachs Group lowered their target price 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 note on Tuesday, January 28th. Benchmark reiterated a "buy" rating and issued a $7.00 target price (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 issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $4.23.

Grupo Televisa, S.A.B. Stock Performance

The stock has a 50-day moving average price of $1.91 and a 200 day moving average price of $2.04. The firm has a market capitalization of $960.84 million, a price-to-earnings ratio of -2.38 and a beta of 1.84. The company has a quick ratio of 2.41, a current ratio of 2.43 and a debt-to-equity ratio of 0.03.

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.90) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.91). The firm had revenue of $758.58 million during the quarter, compared to analyst estimates 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%. On average, analysts forecast that Grupo Televisa, S.A.B. will post -0.07 EPS for the current year.

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Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. PEAK6 LLC purchased a new stake in shares of Grupo Televisa, S.A.B. during the fourth quarter worth approximately $41,000. Central Pacific Bank Trust Division boosted its position in shares of Grupo Televisa, S.A.B. by 66.7% during the 4th quarter. Central Pacific Bank Trust Division now owns 25,000 shares of the company's stock worth $42,000 after purchasing an additional 10,000 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Grupo Televisa, S.A.B. during the 4th quarter worth $47,000. Tower Research Capital LLC TRC grew its stake in shares of Grupo Televisa, S.A.B. by 3,312.4% during the 4th 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 period. Finally, Employees Retirement System of Texas purchased a new position in shares of Grupo Televisa, S.A.B. in the 4th quarter valued at about $84,000. Institutional investors and hedge funds 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.