Grupo Televisa, S.A.B. (NYSE:TV) Shares Up 3.5%

Grupo Televisa, S.A.B. (NYSE:TV)’s share price shot up 3.5% on Monday . The stock traded as high as $1.95 and last traded at $1.93. 166,482 shares were traded during trading, a decline of 89% from the average session volume of 1,451,405 shares. The stock had previously closed at $1.86.

Analyst Ratings Changes

Several brokerages have weighed in on TV. StockNews.com raised Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a report on Wednesday, September 11th. The Goldman Sachs Group cut their target price on shares of Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a “buy” rating on the stock in a research report on Monday, August 5th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Grupo Televisa, S.A.B. has an average rating of “Hold” and an average target price of $5.16.

Grupo Televisa, S.A.B. Stock Performance

The business’s 50-day simple moving average is $2.13 and its 200 day simple moving average is $2.71. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.28 and a current ratio of 2.31. The firm has a market cap of $1.08 billion, a P/E ratio of -2.21, a P/E/G ratio of 0.82 and a beta of 1.88.

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

Large investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC acquired a new stake in Grupo Televisa, S.A.B. in the 2nd quarter worth approximately $29,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Grupo Televisa, S.A.B. by 22.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 98,282 shares of the company’s stock valued at $272,000 after purchasing an additional 17,864 shares in the last quarter. Squarepoint Ops LLC increased its stake in shares of Grupo Televisa, S.A.B. by 199.3% during the second quarter. Squarepoint Ops LLC now owns 91,482 shares of the company’s stock worth $253,000 after purchasing an additional 60,918 shares in the last quarter. Discovery Capital Management LLC CT raised its position in shares of Grupo Televisa, S.A.B. by 6.2% during the 2nd quarter. Discovery Capital Management LLC CT now owns 16,944,935 shares of the company’s stock worth $46,937,000 after purchasing an additional 993,295 shares during the last quarter. Finally, Gabelli Funds LLC increased its stake in Grupo Televisa, S.A.B. by 0.3% during the 2nd quarter. Gabelli Funds LLC now owns 7,061,624 shares of the company’s stock worth $19,561,000 after buying an additional 19,024 shares in the last quarter. 55.77% of the stock is owned by institutional investors.

Grupo Televisa, S.A.B. Company Profile

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.