Grupo Televisa (NYSE:TV) Share Price Passes Above Two Hundred Day Moving Average - Here's Why

Grupo Televisa S.A. (NYSE:TV - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.28 and traded as high as $2.41. Grupo Televisa shares last traded at $2.40, with a volume of 483,493 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have commented on TV. Benchmark increased their target price on Grupo Televisa from $7.00 to $9.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. UBS Group increased their target price on Grupo Televisa from $2.40 to $2.50 and gave the company a "neutral" rating in a report on Tuesday, July 29th. JPMorgan Chase & Co. raised Grupo Televisa from a "neutral" rating to an "overweight" rating in a report on Wednesday, August 27th. Weiss Ratings reissued a "sell (d-)" rating on shares of Grupo Televisa in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group cut Grupo Televisa from a "buy" rating to a "neutral" rating and set a $2.60 target price for the company. in a report on Friday, August 8th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $4.70.

Grupo Televisa Stock Performance

The stock has a market cap of $1.33 billion, a price-to-earnings ratio of -3.19, a PEG ratio of 0.79 and a beta of 1.99. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.35 and a quick ratio of 2.33. The firm has a fifty day moving average of $2.62 and a 200 day moving average of $2.28.

Grupo Televisa (NYSE:TV - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.06. The company had revenue of $787.59 million during the quarter, compared to analyst estimates of $14.96 billion. Grupo Televisa had a negative return on equity of 6.95% and a negative net margin of 13.56%. As a group, sell-side analysts forecast that Grupo Televisa S.A. will post -0.07 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TV. Gamco Investors INC. ET AL boosted its position in shares of Grupo Televisa by 4.8% during the first quarter. Gamco Investors INC. ET AL now owns 17,946,426 shares of the company's stock worth $31,406,000 after buying an additional 827,363 shares during the period. Acadian Asset Management LLC boosted its position in shares of Grupo Televisa by 99.9% during the first quarter. Acadian Asset Management LLC now owns 7,688,871 shares of the company's stock worth $13,440,000 after buying an additional 3,842,375 shares during the period. R Squared Ltd boosted its position in shares of Grupo Televisa by 405.9% during the first quarter. R Squared Ltd now owns 21,400 shares of the company's stock worth $37,000 after buying an additional 17,170 shares during the period. Atria Wealth Solutions Inc. boosted its position in shares of Grupo Televisa by 100.0% during the first quarter. Atria Wealth Solutions Inc. now owns 49,000 shares of the company's stock worth $86,000 after buying an additional 24,500 shares during the period. Finally, GFS Advisors LLC purchased a new position in shares of Grupo Televisa during the second quarter worth $4,692,000. 55.77% of the stock is currently owned by hedge funds and other institutional investors.

About Grupo Televisa

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.

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