Grupo Televisa, S.A.B. (NYSE:TV) Stock Price Up 9% – Still a Buy?

Grupo Televisa, S.A.B. (NYSE:TV) was up 9% during mid-day trading on Monday . The stock traded as high as $1.89 and last traded at $1.89. Approximately 2,108,132 shares were traded during trading, an increase of 20% from the average daily volume of 1,757,323 shares. The stock had previously closed at $1.73.

Analysts Set New Price Targets

Several research firms have weighed in on TV. JPMorgan Chase & Co. downgraded shares of Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 14th. The Goldman Sachs Group decreased their target price on Grupo Televisa, S.A.B. from $2.90 to $2.50 and set a “buy” rating on the stock in a report on Friday, November 15th. Benchmark lowered their target price on Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Finally, StockNews.com cut Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Grupo Televisa, S.A.B. currently has a consensus rating of “Hold” and a consensus target price of $5.67.

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

The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.41 and a current ratio of 2.43. The company’s 50-day moving average price is $2.00 and its 200 day moving average price is $2.18. The stock has a market capitalization of $1.04 billion, a P/E ratio of -2.65, a P/E/G ratio of 0.56 and a beta of 1.82.

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

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets boosted its stake 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 valued at $695,000 after buying an additional 271,459 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new position in shares of Grupo Televisa, S.A.B. during the 3rd quarter valued at approximately $1,463,000. Thrivent Financial for Lutherans purchased a new position in shares of Grupo Televisa, S.A.B. in the third quarter valued at $284,000. Central Pacific Bank Trust Division increased its position in Grupo Televisa, S.A.B. by 66.7% in the fourth quarter. Central Pacific Bank Trust Division now owns 25,000 shares of the company’s stock worth $42,000 after purchasing an additional 10,000 shares during the last quarter. Finally, PEAK6 Investments LLC purchased a new stake in Grupo Televisa, S.A.B. during the third quarter valued at $119,000. Institutional investors own 55.77% of the company’s stock.

About Grupo Televisa, S.A.B.

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.