Grupo Televisa, S.A.B. (NYSE:TV) Shares Up 9% – Time to Buy?

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

Analyst Upgrades and Downgrades

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

Grupo Televisa, S.A.B. Trading Up 9.0 %

The company’s 50-day moving average is $2.03 and its 200-day moving average is $2.20. 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 firm has a market cap of $1.04 billion, a price-to-earnings 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 announced its 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 company 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, research analysts predict 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.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Discovery Capital Management LLC CT boosted its holdings in Grupo Televisa, S.A.B. by 6.2% in the second quarter. Discovery Capital Management LLC CT now owns 16,944,935 shares of the company’s stock valued at $46,937,000 after acquiring an additional 993,295 shares during the last quarter. Gabelli Funds LLC boosted its stake in shares of Grupo Televisa, S.A.B. by 0.3% in the 2nd quarter. Gabelli Funds LLC now owns 7,061,624 shares of the company’s stock valued at $19,561,000 after purchasing an additional 19,024 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Grupo Televisa, S.A.B. by 12.2% in the 2nd quarter. American Century Companies Inc. now owns 841,994 shares of the company’s stock valued at $2,332,000 after purchasing an additional 91,237 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Grupo Televisa, S.A.B. during the 3rd quarter worth approximately $1,463,000. Finally, BNP Paribas Financial Markets raised its stake in shares of 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 worth $695,000 after buying an additional 271,459 shares during the last quarter. 55.77% of the stock is owned by institutional investors and hedge funds.

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.