Grupo Televisa, S.A.B. (NYSE:TV) Shares Gap Up – Here’s What Happened

Grupo Televisa, S.A.B. (NYSE:TVGet Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $1.81, but opened at $1.87. Grupo Televisa, S.A.B. shares last traded at $1.79, with a volume of 118,040 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Benchmark cut their price target on Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. StockNews.com downgraded 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 lowered their price target on shares of Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a “buy” rating for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. lowered shares of Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $5.57.

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Grupo Televisa, S.A.B. Price Performance

The company has a current ratio of 2.43, a quick ratio of 2.41 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average price of $1.85 and a 200-day moving average price of $2.08.

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

Several institutional investors and hedge funds have recently modified their holdings of the business. Squarepoint Ops LLC lifted its holdings in shares of Grupo Televisa, S.A.B. by 199.3% in the second quarter. Squarepoint Ops LLC now owns 91,482 shares of the company’s stock valued at $253,000 after purchasing an additional 60,918 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Grupo Televisa, S.A.B. by 22.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 98,282 shares of the company’s stock valued at $272,000 after purchasing an additional 17,864 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Grupo Televisa, S.A.B. in the second quarter valued at about $29,000. Central Pacific Bank Trust Division lifted its stake in shares of 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 during the last quarter. Finally, Ballentine Partners LLC grew its stake in Grupo Televisa, S.A.B. by 18.0% in the 3rd quarter. Ballentine Partners LLC now owns 37,039 shares of the company’s stock valued at $95,000 after buying an additional 5,658 shares during the last quarter. 55.77% of the stock is currently owned by institutional investors and hedge funds.

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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