Grupo Televisa, S.A.B. (NYSE:TV) Trading Up 3%

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) shares were up 3% during mid-day trading on Thursday . The company traded as high as $3.46 and last traded at $3.41. Approximately 198,007 shares changed hands during trading, a decline of 88% from the average daily volume of 1,634,196 shares. The stock had previously closed at $3.31.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TV shares. StockNews.com upgraded Grupo Televisa, S.A.B. from a "sell" rating to a "hold" rating in a report on Monday, February 26th. Morgan Stanley restated an "equal weight" rating and set a $4.00 price objective (down previously from $7.00) on shares of Grupo Televisa, S.A.B. in a report on Friday, January 5th. Finally, The Goldman Sachs Group dropped their price objective on Grupo Televisa, S.A.B. from $3.90 to $3.50 and set a "buy" rating for the company in a report on Wednesday, December 13th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Grupo Televisa, S.A.B. has an average rating of "Hold" and an average price target of $5.52.

Grupo Televisa, S.A.B. Stock Up 0.9 %

The firm has a market capitalization of $1.85 billion, a PE ratio of -3.18 and a beta of 1.77. The company has a fifty day simple moving average of $3.11 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 issued its quarterly earnings data on Thursday, February 22nd. The company reported ($0.88) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.87). The company had revenue of $1.05 billion for 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 company earned ($1.27) earnings per share. Analysts forecast that Grupo Televisa, S.A.B. will post 0.1 EPS for the current fiscal year.

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

A number of hedge funds have recently made changes to their positions in the stock. Gamco Investors INC. ET AL increased its position in Grupo Televisa, S.A.B. by 18.8% during the 4th quarter. Gamco Investors INC. ET AL now owns 11,633,903 shares of the company's stock valued at $38,857,000 after buying an additional 1,838,425 shares in the last quarter. Alua Capital Management LP increased its position in Grupo Televisa, S.A.B. by 4.5% during the 3rd quarter. Alua Capital Management LP now owns 10,985,011 shares of the company's stock valued at $33,504,000 after buying an additional 476,543 shares in the last quarter. AQR Capital Management LLC increased its position in Grupo Televisa, S.A.B. by 273.0% during the 1st quarter. AQR Capital Management LLC now owns 9,265,838 shares of the company's stock valued at $49,016,000 after buying an additional 6,781,893 shares in the last quarter. Nuveen Asset Management LLC increased its position in Grupo Televisa, S.A.B. by 15.1% during the 2nd quarter. Nuveen Asset Management LLC now owns 8,810,312 shares of the company's stock valued at $45,197,000 after buying an additional 1,152,924 shares in the last quarter. Finally, Prudential PLC increased its position in Grupo Televisa, S.A.B. by 0.4% during the 4th quarter. Prudential PLC now owns 8,519,013 shares of the company's stock valued at $28,454,000 after buying an additional 33,005 shares in the last quarter. 55.77% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Televisa, S.A.B. Company Profile

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.