Grupo Televisa (NYSE:TV) Trading 7% Higher – What’s Next?

by · The Cerbat Gem

Shares of Grupo Televisa S.A. (NYSE:TV – Get Free Report) rose 7% during trading on Wednesday . The company traded as high as $2.97 and last traded at $2.9850. Approximately 1,123,436 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 2,094,512 shares. The stock had previously closed at $2.79.

Wall Street Analysts Forecast Growth

TV has been the topic of a number of analyst reports. JPMorgan Chase & Co. upgraded shares of Grupo Televisa from a “neutral” rating to an “overweight” rating in a research report on Wednesday, August 27th. UBS Group reaffirmed a “buy” rating on shares of Grupo Televisa in a research note on Monday, October 27th. Benchmark lifted their price target on shares of Grupo Televisa from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, November 28th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Grupo Televisa in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $5.07.

View Our Latest Analysis on TV

Grupo Televisa Price Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.31 and a quick ratio of 2.29. The company’s 50-day moving average price is $2.67 and its 200-day moving average price is $2.51. The company has a market cap of $1.66 billion, a P/E ratio of -2.97 and a beta of 1.96.

Grupo Televisa (NYSE:TV – Get Free Report) last released its earnings results on Friday, October 24th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.22). Grupo Televisa had a negative net margin of 18.27% and a negative return on equity of 9.49%. The firm had revenue of $798.55 million during the quarter, compared to the consensus estimate of $14.66 billion. As a group, sell-side analysts predict that Grupo Televisa S.A. will post -0.07 earnings per share for the current fiscal year.

Institutional Trading of Grupo Televisa

Large investors have recently added to or reduced their stakes in the company. Strid Group LLC bought a new stake in shares of Grupo Televisa in the 3rd quarter valued at about $27,000. Vanguard Personalized Indexing Management LLC bought a new position in Grupo Televisa during the third quarter worth about $28,000. TD Private Client Wealth LLC increased its position in Grupo Televisa by 68.8% during the third quarter. TD Private Client Wealth LLC now owns 10,685 shares of the company’s stock worth $29,000 after buying an additional 4,355 shares during the last quarter. Evergreen Capital Management LLC bought a new stake in Grupo Televisa in the second quarter valued at approximately $29,000. Finally, Assetmark Inc. acquired a new stake in shares of Grupo Televisa in the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 55.77% of the company’s stock.

Grupo Televisa Company Profile

(Get Free Report)

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.

Further Reading