Grupo Televisa, S.A.B. (NYSE:TV) Shares Up 9% – Here’s What Happened

Grupo Televisa, S.A.B. (NYSE:TV)’s stock price traded up 9% on Monday . The stock traded as high as $1.89 and last traded at $1.89. 2,108,132 shares changed hands during mid-day trading, an increase of 20% from the average session volume of 1,757,323 shares. The stock had previously closed at $1.73.

Analyst Upgrades and Downgrades

TV has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research note on Thursday, November 14th. Benchmark lowered their target price on shares of Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. StockNews.com cut shares of Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Finally, The Goldman Sachs Group dropped their price objective on Grupo Televisa, S.A.B. from $2.90 to $2.50 and set a “buy” rating on the stock in a research note on Friday, November 15th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Grupo Televisa, S.A.B. has an average rating of “Hold” and an average price target of $5.67.

Grupo Televisa, S.A.B. Stock Up 9.0 %

The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of -2.65, a P/E/G ratio of 0.56 and a beta of 1.82. 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 firm’s fifty day simple moving average is $2.03 and its 200 day simple moving average is $2.20.

Grupo Televisa, S.A.B. (NYSE:TV) last announced its earnings results on Thursday, October 24th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. The firm had revenue of $812.55 million during the quarter, compared to analyst estimates of $828.35 million. Grupo Televisa, S.A.B. had a negative net margin of 10.88% and a negative return on equity of 5.68%. On average, sell-side analysts forecast that Grupo Televisa, S.A.B. will post 0.11 earnings per share for the current year.

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

Several hedge funds have recently made changes to their positions in TV. Sanctuary Advisors LLC acquired a new position in Grupo Televisa, S.A.B. during the second quarter worth $29,000. Central Pacific Bank Trust Division increased its position in shares of Grupo Televisa, S.A.B. by 50.0% in the third quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company’s stock valued at $38,000 after acquiring an additional 5,000 shares during the last quarter. Ballentine Partners LLC raised its holdings in 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 in the last quarter. Oppenheimer & Co. Inc. acquired a new position in Grupo Televisa, S.A.B. during the third quarter valued at approximately $90,000. Finally, PEAK6 Investments LLC acquired a new position in Grupo Televisa, S.A.B. during the third quarter valued at approximately $119,000. 55.77% of the stock is 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.