Grupo Televisa, S.A.B. (NYSE:TV) Shares Up 3.9% – Here’s What Happened

Grupo Televisa, S.A.B. (NYSE:TV)’s share price was up 3.9% during mid-day trading on Monday . The stock traded as high as $1.98 and last traded at $2.00. Approximately 665,098 shares changed hands during trading, a decline of 73% from the average daily volume of 2,488,813 shares. The stock had previously closed at $1.92.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TV shares. JPMorgan Chase & Co. cut shares of Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research note on Thursday, November 14th. 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 report on Thursday, October 24th. The Goldman Sachs Group reduced their target price on Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. Finally, StockNews.com cut Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Grupo Televisa, S.A.B. has an average rating of “Hold” and a consensus target price of $5.57.

Grupo Televisa, S.A.B. Price Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.41 and a current ratio of 2.43. The stock’s 50-day moving average is $1.85 and its two-hundred day moving average is $2.07. The stock has a market cap of $1.10 billion, a PE ratio of -2.81 and a beta of 1.83.

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

Hedge funds have recently bought and sold shares of the company. Squarepoint Ops LLC lifted its holdings in Grupo Televisa, S.A.B. by 199.3% during the 2nd quarter. Squarepoint Ops LLC now owns 91,482 shares of the company’s stock worth $253,000 after buying an additional 60,918 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake 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 acquiring an additional 17,864 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in Grupo Televisa, S.A.B. in the second quarter valued at $29,000. Ballentine Partners LLC grew its stake in Grupo Televisa, S.A.B. by 18.0% during the 3rd quarter. Ballentine Partners LLC now owns 37,039 shares of the company’s stock worth $95,000 after purchasing an additional 5,658 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in Grupo Televisa, S.A.B. during the 3rd quarter worth about $1,463,000. Institutional investors and hedge funds own 55.77% of the company’s stock.

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.