Grupo Televisa (NYSE:TV) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Grupo Televisa S.A. (NYSE:TV - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.90 and traded as high as $2.49. Grupo Televisa shares last traded at $2.48, with a volume of 2,709,668 shares traded.

Analysts Set New Price Targets

TV has been the subject of several recent research reports. UBS Group cut their target price on shares of Grupo Televisa from $2.50 to $2.40 and set a "neutral" rating for the company in a research note on Monday, June 16th. Wall Street Zen downgraded Grupo Televisa from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Benchmark restated a "buy" rating and issued a $7.00 target price (down from $8.00) on shares of Grupo Televisa in a report on Wednesday, March 5th. Finally, The Goldman Sachs Group boosted their target price on Grupo Televisa from $1.80 to $2.20 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $3.87.

Grupo Televisa Stock Performance

The firm's 50-day simple moving average is $2.03 and its two-hundred day simple moving average is $1.91. The company has a current ratio of 2.32, a quick ratio of 2.31 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $1.27 billion, a PE ratio of -2.86, a PEG ratio of 1.46 and a beta of 1.91.

Grupo Televisa (NYSE:TV - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of ($0.06) by $0.09. The business had revenue of $763.42 million for the quarter, compared to the consensus estimate of $15.33 billion. Grupo Televisa had a negative return on equity of 6.99% and a negative net margin of 13.70%. On average, equities research analysts expect that Grupo Televisa S.A. will post -0.07 earnings per share for the current fiscal year.

Grupo Televisa Cuts Dividend

The firm also recently announced an annual dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 30th were paid a dividend of $0.0908 per share. The ex-dividend date was Friday, May 30th. This represents a yield of 3.9%. Grupo Televisa's dividend payout ratio (DPR) is presently -10.00%.

Institutional Trading of Grupo Televisa

Several institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC increased its stake in Grupo Televisa by 99.9% in the 1st quarter. Acadian Asset Management LLC now owns 7,688,871 shares of the company's stock valued at $13,440,000 after buying an additional 3,842,375 shares during the period. Itau Unibanco Holding S.A. increased its stake in shares of Grupo Televisa by 13,477.4% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,749,042 shares of the company's stock worth $2,938,000 after acquiring an additional 1,736,160 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in shares of Grupo Televisa by 4.8% in the first quarter. Gamco Investors INC. ET AL now owns 17,946,426 shares of the company's stock worth $31,406,000 after acquiring an additional 827,363 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of Grupo Televisa during the fourth quarter worth $939,000. Finally, Gabelli Funds LLC boosted its position in Grupo Televisa by 4.3% during the first quarter. Gabelli Funds LLC now owns 7,090,600 shares of the company's stock valued at $12,409,000 after purchasing an additional 294,300 shares during the last quarter. 55.77% of the stock is currently owned by institutional investors and hedge funds.

Grupo Televisa 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.