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

Grupo Televisa S.A. (NYSE:TV) rose 7% during mid-day 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 trading, a decline of 46% from the average daily volume of 2,094,512 shares. The stock had previously closed at $2.79.

Analysts Set New Price Targets

TV has been the subject of a number of recent research reports. UBS Group reiterated a “buy” rating on shares of Grupo Televisa in a research note on Monday, October 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of Grupo Televisa in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised shares of Grupo Televisa from a “neutral” rating to an “overweight” rating in a report on Wednesday, August 27th. Benchmark boosted their target price on shares of Grupo Televisa from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Friday, November 28th. Finally, Zacks Research lowered shares of Grupo Televisa from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Grupo Televisa presently has an average rating of “Hold” and a consensus price target of $5.07.

Grupo Televisa Price Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.29 and a current ratio of 2.31. The stock has a market capitalization of $1.64 billion, a PE ratio of -2.94 and a beta of 1.96. The stock’s 50 day moving average is $2.65 and its two-hundred day moving average is $2.50.

Grupo Televisa (NYSE:TV) last issued its quarterly 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 return on equity of 9.49% and a negative net margin of 18.27%.The firm had revenue of $798.55 million for the quarter, compared to analysts’ expectations of $14.66 billion. On average, equities analysts anticipate that Grupo Televisa S.A. will post -0.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. TD Private Client Wealth LLC increased its holdings in shares of Grupo Televisa by 68.8% in the third quarter. TD Private Client Wealth LLC now owns 10,685 shares of the company’s stock valued at $29,000 after purchasing an additional 4,355 shares during the last quarter. Corient Private Wealth LLC grew its holdings in Grupo Televisa by 2.8% in the 2nd quarter. Corient Private Wealth LLC now owns 237,177 shares of the company’s stock valued at $519,000 after buying an additional 6,518 shares in the last quarter. EntryPoint Capital LLC increased its stake in shares of Grupo Televisa by 6.9% in the 1st quarter. EntryPoint Capital LLC now owns 137,851 shares of the company’s stock worth $241,000 after acquiring an additional 8,953 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. raised its holdings in shares of Grupo Televisa by 2.5% during the 2nd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 405,950 shares of the company’s stock worth $889,000 after acquiring an additional 10,000 shares during the period. Finally, Strid Group LLC purchased a new position in shares of Grupo Televisa during the 3rd quarter worth $27,000. 55.77% of the stock is owned by hedge funds and other institutional investors.

About Grupo Televisa

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.