Grupo Televisa, S.A.B. (NYSE:TV) Trading Up 5.3% - Should You Buy?

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report)'s share price traded up 5.3% during mid-day trading on Thursday . The company traded as high as $2.41 and last traded at $2.39. 838,823 shares were traded during trading, a decline of 45% from the average session volume of 1,523,438 shares. The stock had previously closed at $2.27.

Wall Street Analyst Weigh In

TV has been the subject of several analyst reports. StockNews.com downgraded shares of Grupo Televisa, S.A.B. from a "buy" rating to a "hold" rating in a report on Monday, September 30th. The Goldman Sachs Group cut their target price 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 report on Monday, August 5th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $5.60.

Grupo Televisa, S.A.B. Price Performance

The company has a quick ratio of 2.28, a current ratio of 2.31 and a debt-to-equity ratio of 0.04. The firm's 50 day simple moving average is $2.15 and its 200 day simple moving average is $2.61. The company has a market capitalization of $1.32 billion, a PE ratio of -2.59, a price-to-earnings-growth ratio of 1.02 and a beta of 1.89.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new position in Grupo Televisa, S.A.B. in the second quarter worth about $29,000. Central Pacific Bank Trust Division bought a new position in Grupo Televisa, S.A.B. in the first quarter worth about $39,000. PNC Financial Services Group Inc. raised its holdings in Grupo Televisa, S.A.B. by 824.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 14,938 shares of the company's stock worth $50,000 after purchasing an additional 13,322 shares in the last quarter. Welch Group LLC bought a new position in Grupo Televisa, S.A.B. in the second quarter worth about $55,000. Finally, Ballentine Partners LLC raised its holdings in Grupo Televisa, S.A.B. by 74.1% in the first quarter. Ballentine Partners LLC now owns 25,442 shares of the company's stock worth $81,000 after purchasing an additional 10,828 shares in the last quarter. 55.77% of the stock is currently owned by institutional investors.

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.

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