Grupo Televisa, S.A.B. (NYSE:TV) Shares Up 3.9% – Should You Buy?

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on TV. Benchmark lowered their target price on Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating for the company in a report on Thursday, October 24th. The Goldman Sachs Group dropped their price objective 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. StockNews.com downgraded shares of Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Finally, JPMorgan Chase & Co. cut shares of Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a report on Thursday, November 14th. Three research 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 has a consensus rating of “Hold” and an average price target of $5.57.

Grupo Televisa, S.A.B. Stock Performance

The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of -2.81 and a beta of 1.83. 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 firm has a 50-day moving average of $1.85 and a 200-day moving average of $2.07.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in TV. GFS Advisors LLC acquired a new stake in Grupo Televisa, S.A.B. during the fourth quarter worth about $3,600,000. Robeco Institutional Asset Management B.V. lifted its position in shares of Grupo Televisa, S.A.B. by 245.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,976,394 shares of the company’s stock valued at $3,320,000 after buying an additional 1,404,933 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Grupo Televisa, S.A.B. by 1,005,403.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 271,486 shares of the company’s stock valued at $695,000 after buying an additional 271,459 shares in the last quarter. Banco Santander S.A. increased its holdings in Grupo Televisa, S.A.B. by 13.0% in the 3rd quarter. Banco Santander S.A. now owns 182,999 shares of the company’s stock worth $468,000 after acquiring an additional 20,999 shares in the last quarter. Finally, Thrivent Financial for Lutherans purchased a new stake in Grupo Televisa, S.A.B. in the 3rd quarter worth $284,000. 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.