Grupo Televisa, S.A.B. (NYSE:TV) Shares Pass Above 200-Day Moving Average - Here's Why

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.90 and traded as high as $2.11. Grupo Televisa, S.A.B. shares last traded at $2.08, with a volume of 1,935,016 shares trading hands.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group increased their price target on Grupo Televisa, S.A.B. from $1.80 to $2.20 and gave the company a "buy" rating in a report on Wednesday, May 21st. Wall Street Zen upgraded Grupo Televisa, S.A.B. from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Finally, Benchmark restated a "buy" rating and issued a $7.00 price objective (down from $8.00) on shares of Grupo Televisa, S.A.B. in a research note on Wednesday, March 5th.

Grupo Televisa, S.A.B. Price Performance

The company has a current ratio of 2.43, a quick ratio of 2.41 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $1.12 billion, a PE ratio of -2.77 and a beta of 1.92. The firm has a 50 day moving average price of $1.83 and a 200 day moving average price of $1.89.

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.09. Grupo Televisa, S.A.B. had a negative return on equity of 5.73% and a negative net margin of 11.69%. The firm had revenue of $763.42 million during the quarter, compared to analyst estimates of $15.33 billion. Research analysts anticipate that Grupo Televisa, S.A.B. will post -0.07 earnings per share for the current year.

Grupo Televisa, S.A.B. Cuts Dividend

The firm also recently declared an annual dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 30th will be paid a $0.0908 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a yield of 3.9%. Grupo Televisa, S.A.B.'s payout ratio is presently -10.00%.

Institutional Investors Weigh In On Grupo Televisa, S.A.B.

Institutional investors have recently bought and sold shares of the business. Signaturefd LLC increased its stake in Grupo Televisa, S.A.B. by 72.7% in the 1st quarter. Signaturefd LLC now owns 16,085 shares of the company's stock worth $28,000 after buying an additional 6,770 shares in the last quarter. R Squared Ltd increased its stake in Grupo Televisa, S.A.B. by 405.9% in the 1st quarter. R Squared Ltd now owns 21,400 shares of the company's stock worth $37,000 after buying an additional 17,170 shares in the last quarter. PEAK6 LLC purchased a new stake in Grupo Televisa, S.A.B. in the 4th quarter worth $41,000. Russell Investments Group Ltd. purchased a new stake in Grupo Televisa, S.A.B. in the 4th quarter worth $47,000. Finally, Vident Advisory LLC increased its stake in Grupo Televisa, S.A.B. by 114.8% in the 1st quarter. Vident Advisory LLC now owns 28,762 shares of the company's stock worth $50,000 after buying an additional 15,374 shares in the last quarter. Hedge funds and other institutional investors own 55.77% of the company's stock.

Grupo Televisa, S.A.B. 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.