Grupo Televisa, S.A.B. (NYSE:TV) Stock Price Up 5.8% - Time to Buy?

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

Analyst Ratings Changes

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

Grupo Televisa, S.A.B. Stock Down 1.8%

The business's fifty day moving average price is $1.91 and its 200 day moving average price is $1.88. The company has a market capitalization of $1.21 billion, a P/E ratio of -3.00 and a beta of 1.91. The company has a current ratio of 2.43, a quick ratio of 2.41 and a debt-to-equity ratio of 0.03.

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.06) by $0.09. The business had revenue of $763.42 million during the quarter, compared to analysts' expectations 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%. As a group, equities research analysts predict that Grupo Televisa, S.A.B. will post -0.07 earnings per share for the current fiscal year.

Grupo Televisa, S.A.B. Cuts Dividend

The company also recently announced 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 dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, May 30th. Grupo Televisa, S.A.B.'s dividend payout ratio (DPR) is currently -10.00%.

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

Hedge funds have recently made changes to their positions in the company. Signaturefd LLC increased its position in shares of Grupo Televisa, S.A.B. by 72.7% during the 1st quarter. Signaturefd LLC now owns 16,085 shares of the company's stock worth $28,000 after purchasing an additional 6,770 shares in the last quarter. R Squared Ltd increased its position 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 valued at $37,000 after acquiring an additional 17,170 shares in the last quarter. PEAK6 LLC acquired a new stake in Grupo Televisa, S.A.B. in the 4th quarter valued at about $41,000. Russell Investments Group Ltd. acquired a new stake in Grupo Televisa, S.A.B. in the 4th quarter valued at about $47,000. Finally, Vident Advisory LLC increased its position 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 valued at $50,000 after acquiring an additional 15,374 shares in the last quarter. Institutional investors and hedge funds own 55.77% of the company's stock.

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.