Grupo Televisa, S.A.B. (NYSE:TV) Shares Gap Up – Here’s What Happened

Grupo Televisa, S.A.B. (NYSE:TV)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $1.71, but opened at $1.79. Grupo Televisa, S.A.B. shares last traded at $1.76, with a volume of 241,470 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TV shares. Benchmark cut their target price on shares of Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. The Goldman Sachs Group lowered their price target on shares of Grupo Televisa, S.A.B. from $2.90 to $2.50 and set a “buy” rating on the stock in a report on Friday, November 15th. JPMorgan Chase & Co. cut Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a report on Thursday, November 14th. Finally, StockNews.com lowered Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $5.67.

Grupo Televisa, S.A.B. Stock Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.41 and a current ratio of 2.43. The business’s 50-day moving average is $1.88 and its 200 day moving average is $2.11.

Grupo Televisa, S.A.B. (NYSE:TV) last announced its earnings results on Thursday, October 24th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.03 by $0.04. The company had revenue of $812.55 million for the quarter, compared to analysts’ expectations of $828.35 million. Grupo Televisa, S.A.B. had a negative net margin of 10.88% and a negative return on equity of 5.68%. Equities research analysts anticipate that Grupo Televisa, S.A.B. will post 0.11 earnings per share for the current year.

Institutional Trading of Grupo Televisa, S.A.B.

Large investors have recently modified their holdings of the stock. Sanctuary Advisors LLC bought a new position in Grupo Televisa, S.A.B. in the second quarter valued at approximately $29,000. Central Pacific Bank Trust Division lifted its stake in Grupo Televisa, S.A.B. by 50.0% during the third quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company’s stock worth $38,000 after purchasing an additional 5,000 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Grupo Televisa, S.A.B. in the 3rd quarter valued at $90,000. Ballentine Partners LLC increased its stake in shares of Grupo Televisa, S.A.B. by 18.0% in the 3rd quarter. Ballentine Partners LLC now owns 37,039 shares of the company’s stock valued at $95,000 after purchasing an additional 5,658 shares during the last quarter. Finally, PEAK6 Investments LLC acquired a new position in shares of Grupo Televisa, S.A.B. during the 3rd quarter worth $119,000. 55.77% of the stock is owned by institutional investors and hedge funds.

About Grupo Televisa, S.A.B.

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.