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

Grupo Televisa, S.A.B. (NYSE:TV)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $1.89, but opened at $1.94. Grupo Televisa, S.A.B. shares last traded at $1.89, with a volume of 77,662 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. StockNews.com downgraded Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. The Goldman Sachs Group cut their price target on Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Finally, Benchmark reiterated a “buy” rating and issued a $7.00 price target (down from $8.00) on shares of Grupo Televisa, S.A.B. in a report on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $4.23.

Grupo Televisa, S.A.B. Trading Up 0.9 %

The company has a 50 day moving average of $1.92 and a two-hundred day moving average of $2.05. 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 has a market capitalization of $983.00 million, a PE ratio of -2.43 and a beta of 1.84.

Grupo Televisa, S.A.B. (NYSE:TV) last announced its earnings results on Thursday, February 20th. The company reported ($0.90) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.91). Grupo Televisa, S.A.B. had a negative return on equity of 5.73% and a negative net margin of 11.69%. The business had revenue of $758.58 million for the quarter, compared to analysts’ expectations of $15.49 billion. Sell-side analysts predict that Grupo Televisa, S.A.B. will post -0.07 EPS for the current year.

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

Several institutional investors and hedge funds have recently modified their holdings of TV. Employees Retirement System of Texas purchased a new stake in Grupo Televisa, S.A.B. during the 4th quarter worth approximately $84,000. Millennium Management LLC increased its stake in Grupo Televisa, S.A.B. by 109.2% during the 4th quarter. Millennium Management LLC now owns 356,624 shares of the company’s stock worth $599,000 after buying an additional 186,165 shares in the last quarter. Coastal Bridge Advisors LLC increased its stake in Grupo Televisa, S.A.B. by 79.9% during the 4th quarter. Coastal Bridge Advisors LLC now owns 103,224 shares of the company’s stock worth $173,000 after buying an additional 45,852 shares in the last quarter. Bank of America Corp DE increased its stake in Grupo Televisa, S.A.B. by 41.4% during the 4th quarter. Bank of America Corp DE now owns 222,202 shares of the company’s stock worth $373,000 after buying an additional 65,048 shares in the last quarter. Finally, Itau Unibanco Holding S.A. increased its stake in Grupo Televisa, S.A.B. by 13,477.4% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,749,042 shares of the company’s stock worth $2,938,000 after buying an additional 1,736,160 shares in the last quarter. 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.