Grupo Televisa, S.A.B. (NYSE:TV) Trading Up 5.4% – Should You Buy?

Shares of Grupo Televisa, S.A.B. (NYSE:TV) traded up 5.4% during trading on Tuesday . The stock traded as high as $1.82 and last traded at $1.86. 154,146 shares were traded 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 Analyst Weigh In

A number of equities analysts have issued reports on TV shares. StockNews.com cut Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Benchmark reissued 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 note on Wednesday, March 5th. Finally, The Goldman Sachs Group decreased their price objective on shares of Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a “buy” rating for the company in a research note on Tuesday, January 28th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $4.23.

Grupo Televisa, S.A.B. Price Performance

The firm has a market capitalization of $1.01 billion, a P/E ratio of -2.50 and a beta of 1.84. 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 business has a 50 day simple moving average of $1.90 and a two-hundred day simple moving average of $2.04.

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

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

Institutional investors have recently modified their holdings of the company. Thrivent Financial for Lutherans purchased a new stake in Grupo Televisa, S.A.B. in the third quarter worth approximately $284,000. BNP Paribas Financial Markets grew its holdings in shares of Grupo Televisa, S.A.B. by 1,005,403.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 271,486 shares of the company’s stock valued at $695,000 after purchasing an additional 271,459 shares during the last quarter. PEAK6 Investments LLC bought a new position in shares of Grupo Televisa, S.A.B. during the 3rd quarter valued at $119,000. Centiva Capital LP raised its position in Grupo Televisa, S.A.B. by 86.3% in the 3rd quarter. Centiva Capital LP now owns 101,499 shares of the company’s stock worth $260,000 after purchasing an additional 47,014 shares during the period. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in Grupo Televisa, S.A.B. during the third quarter valued at about $123,000. 55.77% of the stock is currently owned by institutional investors.

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.