Grupo Televisa, S.A.B. (NYSE:TV) Sees Strong Trading Volume – Here’s Why

Grupo Televisa, S.A.B. (NYSE:TV) saw unusually-strong trading volume on Tuesday . Approximately 2,415,259 shares were traded during trading, an increase of 43% from the previous session’s volume of 1,686,988 shares.The stock last traded at $1.73 and had previously closed at $1.77.

Analysts Set New Price Targets

A number of analysts recently commented on TV shares. The Goldman Sachs Group decreased their price objective on shares of Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a “buy” rating on the stock in a report on Tuesday, January 28th. StockNews.com downgraded shares of Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Finally, Benchmark reaffirmed a “buy” rating and issued a $7.00 price target (down previously from $8.00) on shares of Grupo Televisa, S.A.B. in a report on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Grupo Televisa, S.A.B. currently has a consensus rating of “Hold” and a consensus price target of $4.23.

Grupo Televisa, S.A.B. Trading Down 0.9 %

The business’s 50-day moving average price is $1.91 and its two-hundred day moving average price is $2.04. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 2.41. The firm has a market cap of $938.69 million, a price-to-earnings ratio of -2.32 and a beta of 1.84.

Grupo Televisa, S.A.B. (NYSE:TV) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.90) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.91). Grupo Televisa, S.A.B. had a negative net margin of 11.69% and a negative return on equity of 5.73%. The firm had revenue of $758.58 million during the quarter, compared to analyst estimates of $15.49 billion. Equities analysts expect that Grupo Televisa, S.A.B. will post -0.07 earnings per share for the current year.

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

Several large investors have recently made changes to their positions in the business. Central Pacific Bank Trust Division increased its position in shares of Grupo Televisa, S.A.B. by 66.7% in the fourth quarter. Central Pacific Bank Trust Division now owns 25,000 shares of the company’s stock worth $42,000 after acquiring an additional 10,000 shares in the last quarter. Banco Santander S.A. boosted its stake in shares of Grupo Televisa, S.A.B. by 13.0% in the third quarter. Banco Santander S.A. now owns 182,999 shares of the company’s stock valued at $468,000 after purchasing an additional 20,999 shares during the period. Northern Trust Corp boosted its stake in shares of Grupo Televisa, S.A.B. by 57.9% in the fourth quarter. Northern Trust Corp now owns 64,512 shares of the company’s stock valued at $108,000 after purchasing an additional 23,648 shares during the period. PEAK6 LLC purchased a new position in shares of Grupo Televisa, S.A.B. in the fourth quarter valued at $41,000. Finally, Russell Investments Group Ltd. bought a new position in Grupo Televisa, S.A.B. during the 4th quarter valued at $47,000. Institutional investors and hedge funds own 55.77% of the company’s stock.

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.