Grupo Televisa, S.A.B. (NYSE:TV) Trading 1.4% Higher - Here's Why

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) traded up 1.4% during mid-day trading on Friday . The stock traded as high as $1.79 and last traded at $1.79. 186,067 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 1,593,096 shares. The stock had previously closed at $1.76.

Analysts Set New Price Targets

A number of brokerages have recently commented on TV. StockNews.com lowered shares of Grupo Televisa, S.A.B. from a "buy" rating to a "hold" rating in a research report on Thursday, November 28th. The Goldman Sachs Group cut their price target on 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. JPMorgan Chase & Co. lowered Grupo Televisa, S.A.B. from an "overweight" rating to a "neutral" rating in a report on Thursday, November 14th. Finally, Benchmark cut their target price on Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a "buy" rating for the company in a research note on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Grupo Televisa, S.A.B. presently has an average rating of "Hold" and a consensus price target of $5.25.

Grupo Televisa, S.A.B. Stock Up 0.6 %

The company has a market capitalization of $980.23 million, a price-to-earnings ratio of -2.49, a P/E/G ratio of 0.56 and a beta of 1.81. The business has a fifty day simple moving average of $2.10 and a two-hundred day simple moving average of $2.25. 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 results on Thursday, October 24th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.03 by $0.04. Grupo Televisa, S.A.B. had a negative return on equity of 5.68% and a negative net margin of 10.88%. The business had revenue of $812.55 million for the quarter, compared to analyst estimates of $828.35 million. Equities analysts expect that Grupo Televisa, S.A.B. will post 0.11 EPS for the current year.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new position in Grupo Televisa, S.A.B. in the second quarter worth $29,000. Central Pacific Bank Trust Division lifted its position in Grupo Televisa, S.A.B. by 50.0% during the 3rd 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 in the last quarter. Ballentine Partners LLC grew its holdings in Grupo Televisa, S.A.B. by 23.3% during the 2nd quarter. Ballentine Partners LLC now owns 31,381 shares of the company's stock worth $87,000 after acquiring an additional 5,939 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in Grupo Televisa, S.A.B. during the 3rd quarter worth about $90,000. Finally, PEAK6 Investments LLC acquired a new stake in Grupo Televisa, S.A.B. in the 3rd quarter valued at about $119,000. 55.77% of the stock is currently owned by institutional investors and hedge funds.

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.