Grupo Televisa, S.A.B. (NYSE:TV) Shares Up 1.4% – Still a Buy?

Grupo Televisa, S.A.B. (NYSE:TV) shares traded up 1.4% on Friday . The company traded as high as $1.79 and last traded at $1.79. 186,067 shares were traded during mid-day trading, a decline of 88% from the average session volume of 1,593,096 shares. The stock had previously closed at $1.76.

Analyst Ratings Changes

Several equities research analysts have issued reports on TV shares. StockNews.com downgraded Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. 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 decreased 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 research note on Friday, November 15th. Finally, JPMorgan Chase & Co. downgraded shares of Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Grupo Televisa, S.A.B. presently has an average rating of “Hold” and an average price target of $5.25.

Grupo Televisa, S.A.B. Stock Performance

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 stock’s 50-day moving average price is $2.09 and its 200-day moving average price is $2.24. The company has a market cap of $980.23 million, a P/E ratio of -2.49, a PEG ratio of 0.56 and a beta of 1.81.

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

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

Several institutional investors have recently made changes to their positions in the stock. Sanctuary Advisors LLC acquired a new position in Grupo Televisa, S.A.B. in the second quarter valued at about $29,000. Central Pacific Bank Trust Division increased its holdings in Grupo Televisa, S.A.B. by 50.0% in the 3rd quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company’s stock valued at $38,000 after buying an additional 5,000 shares during the period. Ballentine Partners LLC raised its position in shares of Grupo Televisa, S.A.B. by 23.3% in the 2nd quarter. Ballentine Partners LLC now owns 31,381 shares of the company’s stock valued at $87,000 after buying an additional 5,939 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of Grupo Televisa, S.A.B. in the 3rd quarter valued at approximately $90,000. Finally, PEAK6 Investments LLC bought a new stake in shares of Grupo Televisa, S.A.B. during the 3rd quarter worth approximately $119,000. 55.77% of the stock is currently 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.