Grupo Televisa, S.A.B. (NYSE:TV) Stock Price Up 1.4% – Here’s Why

Grupo Televisa, S.A.B. (NYSE:TV)’s share price shot up 1.4% on Friday . The stock traded as high as $1.79 and last traded at $1.79. 186,067 shares were traded during trading, a decline of 88% from the average session volume of 1,593,096 shares. The stock had previously closed at $1.76.

Wall Street Analysts Forecast Growth

TV has been the subject of a number of research analyst reports. Benchmark cut 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. The Goldman Sachs Group dropped their price target on Grupo Televisa, S.A.B. from $2.90 to $2.50 and set a “buy” rating for the company in a report on Friday, November 15th. JPMorgan Chase & Co. lowered Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research note on Thursday, November 14th. Finally, StockNews.com lowered Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $5.25.

Grupo Televisa, S.A.B. Price Performance

The company has a market capitalization of $980.23 million, a price-to-earnings ratio of -2.49, a PEG ratio of 0.56 and a beta of 1.81. 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 company has a 50 day moving average price of $2.09 and a 200 day moving average price of $2.24.

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

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

Several institutional investors and hedge funds have recently made changes to their positions in TV. Sanctuary Advisors LLC bought a new position in shares of Grupo Televisa, S.A.B. in the 2nd quarter worth $29,000. Central Pacific Bank Trust Division boosted its holdings in Grupo Televisa, S.A.B. by 50.0% during the third quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company’s stock worth $38,000 after buying an additional 5,000 shares during the last quarter. Ballentine Partners LLC boosted 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 buying an additional 5,939 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of Grupo Televisa, S.A.B. during the 3rd quarter worth about $90,000. Finally, PEAK6 Investments LLC bought a new stake in shares of Grupo Televisa, S.A.B. in the 3rd quarter valued at about $119,000. 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.