Grupo Televisa, S.A.B. (NYSE:TV) Short Interest Down 18.0% in October

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 5,560,000 shares, a drop of 18.0% from the September 30th total of 6,780,000 shares. Based on an average daily volume of 1,690,000 shares, the short-interest ratio is currently 3.3 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TV shares. Benchmark lowered their price objective 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. StockNews.com upgraded Grupo Televisa, S.A.B. from a "hold" rating to a "buy" rating in a report on Thursday. Finally, The Goldman Sachs Group reduced their price objective on Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a "buy" rating on the stock in a report on Monday, August 5th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $5.35.

Grupo Televisa, S.A.B. Stock Up 2.1 %

Shares of NYSE:TV traded up $0.04 on Monday, reaching $2.18. The company had a trading volume of 4,909,271 shares, compared to its average volume of 1,545,165. Grupo Televisa, S.A.B. has a 52-week low of $1.69 and a 52-week high of $3.64. The firm's 50 day simple moving average is $2.19 and its 200-day simple moving average is $2.55. The firm has a market capitalization of $1.20 billion, a PE ratio of -3.06, a PEG ratio of 0.95 and a beta of 1.89. The company has a current ratio of 2.31, a quick ratio of 2.28 and a debt-to-equity ratio of 0.04.

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $812.55 million during the quarter, compared to analysts' expectations of $828.35 million. Grupo Televisa, S.A.B. had a negative return on equity of 5.50% and a negative net margin of 10.88%. As a group, analysts expect that Grupo Televisa, S.A.B. will post 0.07 earnings per share for the current fiscal year.

Institutional Trading of Grupo Televisa, S.A.B.

A number of institutional investors have recently made changes to their positions in TV. PNC Financial Services Group Inc. lifted its position in Grupo Televisa, S.A.B. by 824.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 14,938 shares of the company's stock worth $50,000 after acquiring an additional 13,322 shares during the period. Central Pacific Bank Trust Division acquired a new stake in Grupo Televisa, S.A.B. during the 1st quarter worth about $39,000. Gamco Investors INC. ET AL lifted its position in Grupo Televisa, S.A.B. by 25.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 14,618,608 shares of the company's stock worth $46,780,000 after acquiring an additional 2,984,705 shares during the period. Keeley Teton Advisors LLC lifted its position in Grupo Televisa, S.A.B. by 41.1% during the 1st quarter. Keeley Teton Advisors LLC now owns 168,388 shares of the company's stock worth $539,000 after acquiring an additional 49,053 shares during the period. Finally, Gabelli Funds LLC lifted its position in Grupo Televisa, S.A.B. by 14.9% during the 1st quarter. Gabelli Funds LLC now owns 7,042,600 shares of the company's stock worth $22,536,000 after acquiring an additional 914,500 shares during the period. Institutional investors and hedge funds own 55.77% of the company's stock.

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.