Grupo Televisa, S.A.B. (NYSE:TV) Shares Up 3.5%

Grupo Televisa, S.A.B. (NYSE:TV)’s stock price was up 3.5% during trading on Monday . The company traded as high as $1.95 and last traded at $1.93. Approximately 166,482 shares changed hands during trading, a decline of 89% from the average daily volume of 1,451,405 shares. The stock had previously closed at $1.86.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TV shares. The Goldman Sachs Group reduced their target price on shares of Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a “buy” rating on the stock in a research report on Monday, August 5th. StockNews.com raised shares of Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a research report on Wednesday, September 11th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $5.16.

Grupo Televisa, S.A.B. Stock Performance

The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.28 and a current ratio of 2.31. The stock’s 50 day moving average price is $2.10 and its 200-day moving average price is $2.69.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Sanctuary Advisors LLC acquired a new stake in Grupo Televisa, S.A.B. in the second quarter valued at approximately $29,000. Northwestern Mutual Wealth Management Co. boosted its stake in Grupo Televisa, S.A.B. by 22.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 98,282 shares of the company’s stock valued at $272,000 after acquiring an additional 17,864 shares in the last quarter. Squarepoint Ops LLC boosted its stake in Grupo Televisa, S.A.B. by 199.3% in the second quarter. Squarepoint Ops LLC now owns 91,482 shares of the company’s stock valued at $253,000 after acquiring an additional 60,918 shares in the last quarter. Discovery Capital Management LLC CT boosted its stake in Grupo Televisa, S.A.B. by 6.2% in the second quarter. Discovery Capital Management LLC CT now owns 16,944,935 shares of the company’s stock valued at $46,937,000 after acquiring an additional 993,295 shares in the last quarter. Finally, Gabelli Funds LLC boosted its stake in Grupo Televisa, S.A.B. by 0.3% in the second quarter. Gabelli Funds LLC now owns 7,061,624 shares of the company’s stock valued at $19,561,000 after acquiring an additional 19,024 shares in the last quarter. 55.77% of the stock is currently owned by institutional investors.

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.