Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report)'s share price shot up 6.3% during trading on Thursday . The company traded as high as $2.10 and last traded at $2.11. 578,779 shares were traded during mid-day trading, a decline of 73% from the average session volume of 2,132,149 shares. The stock had previously closed at $1.98.
Analysts Set New Price Targets
Several analysts recently commented on TV shares. StockNews.com lowered Grupo Televisa, S.A.B. from a "buy" rating to a "hold" rating in a report on Thursday, November 28th. JPMorgan Chase & Co. lowered Grupo Televisa, S.A.B. from an "overweight" rating to a "neutral" rating in a report on Thursday, November 14th. 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 report on Wednesday. Finally, The Goldman Sachs Group cut their price objective on Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a "buy" rating for the company in a report on Tuesday, January 28th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $4.23.
Read Our Latest Stock Analysis on Grupo Televisa, S.A.B.
Grupo Televisa, S.A.B. Stock Up 2.2 %
The company has a fifty day simple moving average of $1.90 and a 200-day simple moving average of $2.05. 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 firm has a market cap of $1.15 billion, a P/E ratio of -2.86 and a beta of 1.84.
Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.90) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.91). Grupo Televisa, S.A.B. had a negative net margin of 11.69% and a negative return on equity of 5.73%. The company had revenue of $758.58 million for the quarter, compared to the consensus estimate of $15.49 billion. On average, equities analysts anticipate that Grupo Televisa, S.A.B. will post -0.07 earnings per share for the current year.
Hedge Funds Weigh In On Grupo Televisa, S.A.B.
Large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets lifted its position in shares of Grupo Televisa, S.A.B. by 1,005,403.7% in the third quarter. BNP Paribas Financial Markets now owns 271,486 shares of the company's stock valued at $695,000 after acquiring an additional 271,459 shares in the last quarter. Central Pacific Bank Trust Division lifted its position in shares of Grupo Televisa, S.A.B. by 66.7% in the fourth 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. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Grupo Televisa, S.A.B. in the third quarter worth about $1,463,000. Thrivent Financial for Lutherans purchased a new stake in shares of Grupo Televisa, S.A.B. in the third quarter worth about $284,000. Finally, GFS Advisors LLC purchased a new stake in shares of Grupo Televisa, S.A.B. in the fourth quarter worth about $3,600,000. 55.77% of the stock is currently owned by hedge funds and other institutional investors.
About Grupo Televisa, S.A.B.
(
Get Free Report)
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.
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