Grupo Televisa, S.A.B. (NYSE:TV) Shares Up 5.8% - Should You Buy?

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report)'s stock price shot up 5.8% on Wednesday . The company traded as high as $2.08 and last traded at $2.11. 2,896,132 shares were traded during mid-day trading, an increase of 48% from the average session volume of 1,961,860 shares. The stock had previously closed at $1.99.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Wall Street Zen cut Grupo Televisa, S.A.B. from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Benchmark reissued a "buy" rating and set a $7.00 price target (down from $8.00) on shares of Grupo Televisa, S.A.B. in a research report on Wednesday, March 5th. Finally, The Goldman Sachs Group lifted their target price on shares of Grupo Televisa, S.A.B. from $1.80 to $2.20 and gave the stock a "buy" rating in a research report on Wednesday, May 21st.

Grupo Televisa, S.A.B. Stock Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 2.41. The stock has a market cap of $1.19 billion, a P/E ratio of -2.95 and a beta of 1.91. The company has a fifty day moving average price of $1.88 and a 200 day moving average price of $1.88.

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

Grupo Televisa, S.A.B. Cuts Dividend

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

Hedge Funds Weigh In On Grupo Televisa, S.A.B.

A number of large investors have recently made changes to their positions in the company. Banco Santander S.A. increased its holdings in Grupo Televisa, S.A.B. by 73.6% in the fourth quarter. Banco Santander S.A. now owns 317,620 shares of the company's stock valued at $534,000 after buying an additional 134,621 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Grupo Televisa, S.A.B. by 11.8% in the fourth quarter. American Century Companies Inc. now owns 1,312,209 shares of the company's stock valued at $2,205,000 after buying an additional 138,303 shares during the last quarter. EntryPoint Capital LLC raised its stake in shares of Grupo Televisa, S.A.B. by 55.3% during the 4th quarter. EntryPoint Capital LLC now owns 128,898 shares of the company's stock worth $217,000 after buying an additional 45,889 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new position in Grupo Televisa, S.A.B. in the 4th quarter valued at approximately $939,000. Finally, Discovery Capital Management LLC CT increased its position in Grupo Televisa, S.A.B. by 0.6% during the fourth quarter. Discovery Capital Management LLC CT now owns 17,536,831 shares of the company's stock worth $29,462,000 after buying an additional 100,100 shares in the last quarter. 55.77% of the stock is owned by hedge funds and other institutional investors.

About Grupo Televisa, S.A.B.

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.