Grupo Televisa, S.A.B. (NYSE:TV) Sees Strong Trading Volume

Shares of Grupo Televisa, S.A.B. (NYSE:TV) saw unusually-high trading volume on Wednesday . Approximately 959,661 shares traded hands during trading, a decline of 34% from the previous session’s volume of 1,456,456 shares.The stock last traded at $2.10 and had previously closed at $2.01.

Analysts Set New Price Targets

Several analysts have recently issued reports on TV shares. The Goldman Sachs Group lowered their price target 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. StockNews.com raised shares of Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a report on Wednesday, September 11th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $5.16.

Grupo Televisa, S.A.B. Price Performance

The business has a 50 day simple moving average of $2.10 and a two-hundred day simple moving average of $2.69. The firm has a market capitalization of $1.19 billion, a P/E ratio of -2.43, a price-to-earnings-growth ratio of 0.82 and a beta of 1.88. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.28 and a current ratio of 2.31.

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

Hedge funds have recently added to or reduced their stakes in the company. Gabelli Funds LLC lifted its position in Grupo Televisa, S.A.B. by 14.9% in the 1st quarter. Gabelli Funds LLC now owns 7,042,600 shares of the company’s stock worth $22,536,000 after buying an additional 914,500 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Grupo Televisa, S.A.B. by 824.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 14,938 shares of the company’s stock worth $50,000 after purchasing an additional 13,322 shares during the last quarter. Jump Financial LLC boosted its position in Grupo Televisa, S.A.B. by 223.8% during the fourth quarter. Jump Financial LLC now owns 216,924 shares of the company’s stock valued at $725,000 after buying an additional 149,923 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in shares of Grupo Televisa, S.A.B. by 47.9% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 284,575 shares of the company’s stock valued at $950,000 after buying an additional 92,150 shares during the last quarter. Finally, Central Pacific Bank Trust Division bought a new position in shares of Grupo Televisa, S.A.B. during the first quarter valued at about $39,000. Institutional investors own 55.77% of the company’s stock.

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.