Grupo Televisa (NYSE:TV) Trading 6.8% Higher Following Better-Than-Expected Earnings

Grupo Televisa S.A. (NYSE:TV - Get Free Report)'s share price traded up 6.8% during trading on Tuesday following a stronger than expected earnings report. The company traded as high as $2.31 and last traded at $2.29. 220,729 shares were traded during mid-day trading, a decline of 89% from the average session volume of 1,984,897 shares. The stock had previously closed at $2.14.

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 the consensus estimate of $14.96 billion. Grupo Televisa had a negative return on equity of 6.95% and a negative net margin of 13.56%.

Grupo Televisa Cuts Dividend

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

Analyst Upgrades and Downgrades

TV has been the topic of several research analyst reports. Wall Street Zen lowered Grupo Televisa from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. UBS Group decreased their price objective 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. Benchmark increased their price objective on shares of Grupo Televisa from $7.00 to $9.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, The Goldman Sachs Group upped their price target on shares of 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 given a buy rating to the stock. Based on data from MarketBeat, Grupo Televisa presently has an average rating of "Hold" and a consensus price target of $4.53.

Institutional Trading of Grupo Televisa

Several large investors have recently added to or reduced their stakes in TV. Signaturefd LLC lifted its stake in Grupo Televisa by 72.7% during the first quarter. Signaturefd LLC now owns 16,085 shares of the company's stock valued at $28,000 after buying an additional 6,770 shares in the last quarter. R Squared Ltd raised its holdings 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 valued at $37,000 after acquiring an additional 17,170 shares during the period. PEAK6 LLC acquired a new stake in shares of Grupo Televisa during the fourth quarter valued at approximately $41,000. Russell Investments Group Ltd. purchased a new stake in shares of Grupo Televisa in the 4th quarter valued at approximately $47,000. Finally, Vident Advisory LLC boosted its stake in Grupo Televisa by 114.8% in the 1st quarter. Vident Advisory LLC now owns 28,762 shares of the company's stock worth $50,000 after purchasing an additional 15,374 shares during the period. 55.77% of the stock is currently owned by institutional investors and hedge funds.

Grupo Televisa Stock Performance

The company has a current ratio of 2.35, a quick ratio of 2.31 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $1.31 billion, a PE ratio of -3.15, a PEG ratio of 1.51 and a beta of 1.94. The firm's 50-day simple moving average is $2.17 and its two-hundred day simple moving average is $1.96.

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.