Grupo Televisa, S.A.B. (NYSE:TV) Sees Strong Trading Volume

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 624,423 shares traded hands during mid-day trading, a decline of 62% from the previous session's volume of 1,651,204 shares.The stock last traded at $3.36 and had previously closed at $3.35.

Wall Street Analyst Weigh In

TV has been the topic of several recent research reports. StockNews.com upgraded Grupo Televisa, S.A.B. from a "sell" rating to a "hold" rating in a research report on Monday, February 26th. Morgan Stanley restated 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 report on Friday, January 5th. Finally, The Goldman Sachs Group reduced their target price on Grupo Televisa, S.A.B. from $3.90 to $3.50 and set a "buy" rating for the company in a research note on Wednesday, December 13th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Grupo Televisa, S.A.B. presently has an average rating of "Hold" and an average target price of $5.52.

Grupo Televisa, S.A.B. Trading Down 1.2 %

The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.73 and a current ratio of 1.76. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of -3.15 and a beta of 1.77. The company has a 50 day moving average price of $3.10 and a two-hundred day moving average price of $2.96.

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) last announced its earnings results on Thursday, February 22nd. The company reported ($0.88) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.87). Grupo Televisa, S.A.B. had a negative return on equity of 7.36% and a negative net margin of 13.99%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the company earned ($1.27) earnings per share. On average, research analysts forecast that Grupo Televisa, S.A.B. will post 0.1 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its stake in shares of Grupo Televisa, S.A.B. by 273.0% in the 1st quarter. AQR Capital Management LLC now owns 9,265,838 shares of the company's stock worth $49,016,000 after acquiring an additional 6,781,893 shares during the last quarter. Levin Capital Strategies L.P. increased its stake in shares of Grupo Televisa, S.A.B. by 191.4% in the 3rd quarter. Levin Capital Strategies L.P. now owns 5,097,894 shares of the company's stock worth $15,549,000 after acquiring an additional 3,348,431 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Grupo Televisa, S.A.B. by 162.4% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,093,800 shares of the company's stock worth $10,333,000 after acquiring an additional 1,914,800 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in shares of Grupo Televisa, S.A.B. by 18.8% in the 4th quarter. Gamco Investors INC. ET AL now owns 11,633,903 shares of the company's stock worth $38,857,000 after acquiring an additional 1,838,425 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in shares of Grupo Televisa, S.A.B. by 232.1% in the 4th quarter. Marshall Wace LLP now owns 2,439,107 shares of the company's stock worth $11,122,000 after acquiring an additional 1,704,594 shares during the last quarter. 55.77% of the stock is owned by institutional investors and hedge funds.

About Grupo Televisa, S.A.B.

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.