Grupo Televisa, S.A.B. (NYSE:TV) Shares Cross Above 200 Day Moving Average – Should You Sell?

Grupo Televisa, S.A.B. (NYSE:TV)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.53 and traded as high as $2.57. Grupo Televisa, S.A.B. shares last traded at $2.40, with a volume of 1,457,883 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. StockNews.com upgraded shares of Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. Benchmark dropped their target price on shares of Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Finally, The Goldman Sachs Group reduced 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. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Grupo Televisa, S.A.B. has an average rating of “Moderate Buy” and an average price target of $5.35.

Grupo Televisa, S.A.B. Stock Performance

The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of -3.38, a PEG ratio of 1.11 and a beta of 1.88. 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 stock’s 50-day moving average is $2.27 and its 200-day moving average is $2.53.

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

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

Several hedge funds have recently bought and sold shares of the business. Central Pacific Bank Trust Division grew its holdings in Grupo Televisa, S.A.B. by 50.0% during the 3rd quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company’s stock valued at $38,000 after buying an additional 5,000 shares in the last quarter. Ballentine Partners LLC lifted its stake in Grupo Televisa, S.A.B. by 18.0% in the 3rd quarter. Ballentine Partners LLC now owns 37,039 shares of the company’s stock worth $95,000 after purchasing an additional 5,658 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Grupo Televisa, S.A.B. by 35.7% in the 2nd quarter. SG Americas Securities LLC now owns 28,154 shares of the company’s stock valued at $78,000 after purchasing an additional 7,406 shares during the period. XTX Topco Ltd grew its position in shares of Grupo Televisa, S.A.B. by 19.1% during the 2nd quarter. XTX Topco Ltd now owns 60,454 shares of the company’s stock valued at $167,000 after purchasing an additional 9,684 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of Grupo Televisa, S.A.B. in the second quarter worth $29,000. Institutional investors and hedge funds 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.