Grupo Televisa (NYSE:TV) Trading 6.8% Higher - Here's What Happened

Grupo Televisa S.A. (NYSE:TV - Get Free Report)'s share price traded up 6.8% during trading on Tuesday . The stock 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.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. UBS Group decreased their price target on Grupo Televisa from $2.50 to $2.40 and set a "neutral" rating on the stock in a research note on Monday, June 16th. Wall Street Zen downgraded Grupo Televisa from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Finally, The Goldman Sachs Group upped their price target on Grupo Televisa from $1.80 to $2.20 and gave the stock a "buy" rating in a 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 company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $3.87.

Grupo Televisa Trading Up 9.6%

The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of -2.92, a PEG ratio of 1.33 and a beta of 1.94. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.31 and a current ratio of 2.32. The business has a 50-day moving average of $2.13 and a 200-day moving average of $1.95.

Grupo Televisa (NYSE:TV - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.09. Grupo Televisa had a negative return on equity of 6.99% and a negative net margin of 13.70%. The company had revenue of $763.42 million during the quarter, compared to analysts' expectations of $15.33 billion. As a group, research analysts forecast that Grupo Televisa S.A. will post -0.07 EPS for the current year.

Grupo Televisa Cuts Dividend

The firm also recently declared an annual dividend, which was paid on Thursday, June 12th. Stockholders of record on Friday, May 30th were issued a $0.0908 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a dividend yield of 3.9%. Grupo Televisa's dividend payout ratio is currently -10.00%.

Hedge Funds Weigh In On Grupo Televisa

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC increased its position in 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 in the last quarter. Itau Unibanco Holding S.A. grew its position 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 valued at $2,938,000 after purchasing an additional 1,736,160 shares during the period. Gamco Investors INC. ET AL grew its position 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 valued at $31,406,000 after purchasing an additional 827,363 shares during the period. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of Grupo Televisa in the fourth quarter valued at $939,000. Finally, Gabelli Funds LLC grew its position in shares of Grupo Televisa by 4.3% in 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 period. 55.77% of the stock is 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.

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