Grupo Televisa, S.A.B. (NYSE:TV) Sees Large Volume Increase – What’s Next?

Shares of Grupo Televisa, S.A.B. (NYSE:TV) saw strong trading volume on Tuesday . 2,415,259 shares traded hands during trading, an increase of 43% from the previous session’s volume of 1,686,988 shares.The stock last traded at $1.73 and had previously closed at $1.77.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Benchmark reiterated a “buy” rating and issued a $7.00 price objective (down previously from $8.00) on shares of Grupo Televisa, S.A.B. in a report on Wednesday, March 5th. The Goldman Sachs Group decreased their price objective on Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Finally, StockNews.com downgraded Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $4.23.

Grupo Televisa, S.A.B. Stock Performance

The company has a market cap of $944.23 million, a PE ratio of -2.34 and a beta of 1.84. 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 business has a fifty day moving average of $1.92 and a 200-day moving average of $2.05.

Grupo Televisa, S.A.B. (NYSE:TV) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($0.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $758.58 million for the quarter, compared to analysts’ expectations of $15.49 billion. Equities research analysts anticipate that Grupo Televisa, S.A.B. will post -0.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Grupo Televisa, S.A.B. during the 4th quarter worth approximately $213,000. Employees Retirement System of Texas purchased a new position in shares of Grupo Televisa, S.A.B. during the 4th quarter worth approximately $84,000. Millennium Management LLC grew its holdings in shares of Grupo Televisa, S.A.B. by 109.2% during the 4th quarter. Millennium Management LLC now owns 356,624 shares of the company’s stock worth $599,000 after acquiring an additional 186,165 shares during the period. Coastal Bridge Advisors LLC grew its holdings in shares of Grupo Televisa, S.A.B. by 79.9% during the 4th quarter. Coastal Bridge Advisors LLC now owns 103,224 shares of the company’s stock worth $173,000 after acquiring an additional 45,852 shares during the period. Finally, Bank of America Corp DE grew its holdings in shares of Grupo Televisa, S.A.B. by 41.4% during the 4th quarter. Bank of America Corp DE now owns 222,202 shares of the company’s stock worth $373,000 after acquiring an additional 65,048 shares during the period. Hedge funds and other 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.