Grupo Televisa, S.A.B. (NYSE:TV) Trading 6.4% Higher

Grupo Televisa, S.A.B. (NYSE:TV) traded up 6.4% during trading on Monday . The company traded as high as $2.51 and last traded at $2.48. 1,069,136 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 2,287,836 shares. The stock had previously closed at $2.33.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Bank of America upgraded shares of Grupo Televisa, S.A.B. from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $5.00 to $4.70 in a research note on Thursday, October 5th. UBS Group dropped their target price on Grupo Televisa, S.A.B. from $6.00 to $3.40 and set a “neutral” rating on the stock in a report on Wednesday, October 4th. TheStreet downgraded Grupo Televisa, S.A.B. from a “c-” rating to a “d+” rating in a report on Thursday, September 28th. The Goldman Sachs Group lowered their price objective on shares of Grupo Televisa, S.A.B. from $4.60 to $3.90 and set a “buy” rating on the stock in a research report on Wednesday, November 1st. Finally, StockNews.com cut shares of Grupo Televisa, S.A.B. from a “hold” rating to a “sell” rating in a report on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Grupo Televisa, S.A.B. presently has an average rating of “Moderate Buy” and an average target price of $6.50.

Grupo Televisa, S.A.B. Trading Up 12.9 %

The company has a market cap of $1.49 billion, a price-to-earnings ratio of -1.76 and a beta of 1.53. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.69 and a quick ratio of 1.65. The business’s 50-day simple moving average is $2.80 and its 200-day simple moving average is $4.13.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TV. Quantbot Technologies LP purchased a new position in Grupo Televisa, S.A.B. during the second quarter worth about $25,000. Moors & Cabot Inc. purchased a new position in shares of Grupo Televisa, S.A.B. during the 3rd quarter worth about $31,000. First Trust Direct Indexing L.P. acquired a new stake in shares of Grupo Televisa, S.A.B. in the third quarter worth approximately $32,000. PNC Financial Services Group Inc. grew its holdings in Grupo Televisa, S.A.B. by 181.1% in the second quarter. PNC Financial Services Group Inc. now owns 6,409 shares of the company’s stock valued at $33,000 after purchasing an additional 4,129 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in Grupo Televisa, S.A.B. in the third quarter valued at approximately $48,000. Hedge funds and other institutional investors own 37.47% of the company’s stock.

Grupo Televisa, S.A.B. Company Profile

Grupo Televisa, SAB. operates as a media company in the Spanish-speaking Mexico and internationally. 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 services, as well as sales 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.