Grupo Televisa, S.A.B. (NYSE:TV) Shares Up 5.4% – Here’s What Happened

Grupo Televisa, S.A.B. (NYSE:TV) shares traded up 5.4% on Tuesday . The stock traded as high as $1.82 and last traded at $1.86. 154,146 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 1,748,278 shares. The stock had previously closed at $1.76.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on TV shares. StockNews.com lowered shares of Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Benchmark reiterated a “buy” rating and issued a $7.00 price objective (down from $8.00) on shares of Grupo Televisa, S.A.B. in a research report on Wednesday, March 5th. Finally, The Goldman Sachs Group dropped their target price on 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, January 28th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $4.23.

Grupo Televisa, S.A.B. Price Performance

The company has a quick ratio of 2.41, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. The company’s fifty day moving average price is $1.91 and its two-hundred day moving average price is $2.04. The company has a market cap of $994.07 million, a price-to-earnings ratio of -2.46 and a beta of 1.84.

Grupo Televisa, S.A.B. (NYSE:TV) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.90) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.91). The firm had revenue of $758.58 million during the quarter, compared to the consensus estimate of $15.49 billion. Grupo Televisa, S.A.B. had a negative net margin of 11.69% and a negative return on equity of 5.73%. On average, equities research analysts forecast that Grupo Televisa, S.A.B. will post -0.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Thrivent Financial for Lutherans acquired a new stake in shares of Grupo Televisa, S.A.B. in the third quarter valued at approximately $284,000. BNP Paribas Financial Markets boosted its position in Grupo Televisa, S.A.B. by 1,005,403.7% during the third quarter. BNP Paribas Financial Markets now owns 271,486 shares of the company’s stock worth $695,000 after purchasing an additional 271,459 shares during the period. PEAK6 Investments LLC acquired a new position in shares of Grupo Televisa, S.A.B. in the third quarter valued at $119,000. Centiva Capital LP raised its position in shares of Grupo Televisa, S.A.B. by 86.3% in the third quarter. Centiva Capital LP now owns 101,499 shares of the company’s stock valued at $260,000 after purchasing an additional 47,014 shares during the period. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of Grupo Televisa, S.A.B. during the 3rd quarter worth about $123,000. Institutional investors 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.