Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) traded up 6.7% during trading on Wednesday . The stock traded as high as $3.36 and last traded at $3.36. 812,781 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 1,694,349 shares. The stock had previously closed at $3.15.
Analyst Ratings Changes
Several research analysts have recently commented on the company. Morgan Stanley reaffirmed an "equal weight" rating and issued a $4.00 price objective (down previously from $7.00) on shares of Grupo Televisa, S.A.B. in a research note on Friday, January 5th. StockNews.com raised Grupo Televisa, S.A.B. from a "sell" rating to a "hold" rating in a research note on Monday, February 26th. Finally, The Goldman Sachs Group decreased their target price on Grupo Televisa, S.A.B. from $3.90 to $3.50 and set a "buy" rating on the stock in a research note on Wednesday, December 13th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $5.52.
Check Out Our Latest Stock Report on Grupo Televisa, S.A.B.
Grupo Televisa, S.A.B. Price Performance
The firm has a market cap of $1.84 billion, a PE ratio of -3.16 and a beta of 1.77. The firm has a fifty day simple moving average of $3.09 and a two-hundred day simple moving average of $2.96. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.73 and a current ratio of 1.76.
Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) last announced its earnings results on Thursday, February 22nd. The company reported ($0.88) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.87). The company had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.04 billion. Grupo Televisa, S.A.B. had a negative return on equity of 7.36% and a negative net margin of 13.99%. During the same quarter last year, the firm posted ($1.27) EPS. Equities analysts predict that Grupo Televisa, S.A.B. will post 0.1 EPS for the current fiscal year.
Hedge Funds Weigh In On Grupo Televisa, S.A.B.
Institutional investors and hedge funds have recently modified their holdings of the stock. Assenagon Asset Management S.A. boosted its holdings in shares of Grupo Televisa, S.A.B. by 34.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 831,124 shares of the company's stock worth $2,776,000 after purchasing an additional 215,013 shares during the period. Gamco Investors INC. ET AL boosted its holdings in Grupo Televisa, S.A.B. by 11.1% during the 3rd quarter. Gamco Investors INC. ET AL now owns 9,795,478 shares of the company's stock valued at $29,876,000 after acquiring an additional 979,481 shares during the period. AQR Capital Management LLC boosted its holdings in Grupo Televisa, S.A.B. by 8.6% during the 3rd quarter. AQR Capital Management LLC now owns 6,716,568 shares of the company's stock valued at $20,486,000 after acquiring an additional 533,822 shares during the period. Citigroup Inc. boosted its holdings in Grupo Televisa, S.A.B. by 22.5% during the 3rd quarter. Citigroup Inc. now owns 60,310 shares of the company's stock valued at $184,000 after acquiring an additional 11,078 shares during the period. Finally, SG Americas Securities LLC purchased a new position in Grupo Televisa, S.A.B. during the 3rd quarter valued at $48,000. Hedge funds and other institutional investors own 55.77% of the company's stock.
Grupo Televisa, S.A.B. Company Profile
(
Get Free Report)
Grupo Televisa, SAB. operates as a media company in the Spanish-speaking Mexico and internationally. 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 services, as well as sales 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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