Grupo Televisa, S.A.B. (NYSE:TV) Trading 5.3% Higher – What’s Next?

Grupo Televisa, S.A.B. (NYSE:TV)’s stock price rose 5.3% during mid-day trading on Thursday . The stock traded as high as $2.41 and last traded at $2.39. Approximately 838,823 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 1,523,438 shares. The stock had previously closed at $2.27.

Wall Street Analysts Forecast Growth

TV has been the subject of a number of research analyst reports. StockNews.com cut Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a report on Monday, September 30th. The Goldman Sachs Group lowered their target price on Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a “buy” rating for the company in a report on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $5.60.

Grupo Televisa, S.A.B. Stock Up 4.8 %

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 company has a market cap of $1.32 billion, a price-to-earnings ratio of -2.59, a price-to-earnings-growth ratio of 1.02 and a beta of 1.89. The business has a 50-day simple moving average of $2.15 and a 200-day simple moving average of $2.61.

Institutional Investors Weigh In On Grupo Televisa, S.A.B.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sanctuary Advisors LLC purchased a new position in shares of Grupo Televisa, S.A.B. in the 2nd quarter valued at approximately $29,000. Central Pacific Bank Trust Division raised 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 purchasing an additional 5,000 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Grupo Televisa, S.A.B. by 824.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 14,938 shares of the company’s stock worth $50,000 after purchasing an additional 13,322 shares during the last quarter. Welch Group LLC acquired a new position in Grupo Televisa, S.A.B. during the second quarter worth $55,000. Finally, SG Americas Securities LLC raised its holdings in shares of Grupo Televisa, S.A.B. by 35.7% in the second quarter. SG Americas Securities LLC now owns 28,154 shares of the company’s stock worth $78,000 after acquiring an additional 7,406 shares during the last quarter. 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.