Grupo Televisa, S.A.B. (NYSE:TV) Shares Gap Up – Still a Buy?

Grupo Televisa, S.A.B. (NYSE:TV) gapped up before the market opened on Friday . The stock had previously closed at $2.43, but opened at $2.51. Grupo Televisa, S.A.B. shares last traded at $2.39, with a volume of 70,998 shares traded.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TV shares. StockNews.com cut Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research report on Monday, September 30th. The Goldman Sachs Group cut their price target on Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a “buy” rating for the company in a report on Monday, August 5th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $5.60.

Grupo Televisa, S.A.B. Stock Up 0.4 %

The company has a market cap of $1.35 billion, a price-to-earnings ratio of -2.77, a P/E/G ratio of 1.09 and a beta of 1.89. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.31 and a quick ratio of 2.28. The firm has a 50-day moving average price of $2.13 and a 200 day moving average price of $2.63.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division increased its stake in Grupo Televisa, S.A.B. by 50.0% during the 3rd quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company’s stock worth $38,000 after acquiring an additional 5,000 shares during the period. Ballentine Partners LLC grew its holdings in shares of Grupo Televisa, S.A.B. by 23.3% during the 2nd quarter. Ballentine Partners LLC now owns 31,381 shares of the company’s stock worth $87,000 after purchasing an additional 5,939 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Grupo Televisa, S.A.B. by 35.7% in the second quarter. SG Americas Securities LLC now owns 28,154 shares of the company’s stock worth $78,000 after purchasing an additional 7,406 shares during the period. XTX Topco Ltd raised its stake in Grupo Televisa, S.A.B. by 19.1% in the second quarter. XTX Topco Ltd now owns 60,454 shares of the company’s stock valued at $167,000 after purchasing an additional 9,684 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in Grupo Televisa, S.A.B. during the second quarter worth about $29,000. 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.