Grupo Televisa, S.A.B. (NYSE:TV) Trading 3.5% Higher

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

Wall Street Analyst Weigh In

TV has been the topic of several recent research reports. StockNews.com upgraded Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a report on Wednesday, September 11th. The Goldman Sachs Group decreased their price target 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. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $5.16.

Grupo Televisa, S.A.B. Price 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 business’s 50 day simple moving average is $2.13 and its 200-day simple moving average is $2.71. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of -2.21, a price-to-earnings-growth ratio of 0.82 and a beta of 1.88.

Institutional Trading of Grupo Televisa, S.A.B.

Several hedge funds and other institutional investors have recently modified their holdings of TV. Gabelli Funds LLC boosted its stake in Grupo Televisa, S.A.B. by 14.9% during the first quarter. Gabelli Funds LLC now owns 7,042,600 shares of the company’s stock worth $22,536,000 after buying an additional 914,500 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Grupo Televisa, S.A.B. by 824.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 14,938 shares of the company’s stock valued at $50,000 after buying an additional 13,322 shares in the last quarter. Jump Financial LLC lifted its holdings in shares of Grupo Televisa, S.A.B. by 223.8% during the fourth quarter. Jump Financial LLC now owns 216,924 shares of the company’s stock valued at $725,000 after acquiring an additional 149,923 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. boosted its position in Grupo Televisa, S.A.B. by 47.9% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 284,575 shares of the company’s stock valued at $950,000 after buying an additional 92,150 shares in the last quarter. Finally, Central Pacific Bank Trust Division acquired a new position in Grupo Televisa, S.A.B. during the 1st quarter valued at about $39,000. 55.77% of the stock is currently owned by hedge funds and other 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.