Grupo Televisa, S.A.B. (NYSE:TV) Shares Up 3.5%

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) shares shot up 3.5% during trading on Monday . The stock traded as high as $1.95 and last traded at $1.93. 166,482 shares traded hands during trading, a decline of 89% from the average session volume of 1,451,405 shares. The stock had previously closed at $1.86.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TV shares. StockNews.com upgraded Grupo Televisa, S.A.B. from a "hold" rating to a "buy" rating in a report on Wednesday, September 11th. The Goldman Sachs Group lowered their price objective on shares of Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a "buy" rating for the company in a research note on Monday, August 5th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Grupo Televisa, S.A.B. currently has an average rating of "Hold" and a consensus price target of $5.16.

Grupo Televisa, S.A.B. Stock Performance

The business has a 50-day moving average of $2.13 and a two-hundred day moving average of $2.71. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.31 and a quick ratio of 2.28. The company has a market cap of $1.08 billion, a P/E ratio of -2.25, a P/E/G ratio of 0.82 and a beta of 1.88.

Institutional Investors Weigh In On Grupo Televisa, S.A.B.

Several institutional investors have recently bought and sold shares of TV. Ballentine Partners LLC grew its stake in shares of Grupo Televisa, S.A.B. by 23.3% during the second 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. SG Americas Securities LLC grew its position in Grupo Televisa, S.A.B. by 35.7% during the 2nd quarter. SG Americas Securities LLC now owns 28,154 shares of the company's stock worth $78,000 after purchasing an additional 7,406 shares during the last quarter. XTX Topco Ltd increased its stake in Grupo Televisa, S.A.B. by 19.1% during the 2nd quarter. XTX Topco Ltd now owns 60,454 shares of the company's stock valued at $167,000 after purchasing an additional 9,684 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Grupo Televisa, S.A.B. in the second quarter worth $29,000. Finally, Ieq Capital LLC acquired a new stake in shares of Grupo Televisa, S.A.B. during the fourth quarter worth $37,000. 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.