Grupo Televisa, S.A.B. (NYSE:TV) Trading Up 3.9% – Should You Buy?

Shares of Grupo Televisa, S.A.B. (NYSE:TV) traded up 3.9% during trading on Monday . The stock traded as high as $1.98 and last traded at $2.00. 665,098 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 2,488,813 shares. The stock had previously closed at $1.92.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TV shares. JPMorgan Chase & Co. cut shares of Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 14th. Benchmark dropped their price objective on Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. StockNews.com lowered Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Finally, The Goldman Sachs Group lowered their target price on Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a “buy” rating for the company in a report on Tuesday, January 28th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $5.57.

Grupo Televisa, S.A.B. Stock Performance

The business’s 50-day moving average price is $1.85 and its 200-day moving average price is $2.07. The stock has a market cap of $1.11 billion, a PE ratio of -2.82 and a beta of 1.83. The company has a current ratio of 2.43, a quick ratio of 2.41 and a debt-to-equity ratio of 0.03.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of TV. BNP Paribas Financial Markets raised its stake in shares of Grupo Televisa, S.A.B. by 1,005,403.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 271,486 shares of the company’s stock worth $695,000 after buying an additional 271,459 shares during the period. Central Pacific Bank Trust Division raised its position in Grupo Televisa, S.A.B. by 66.7% during 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 during the period. Robeco Institutional Asset Management B.V. purchased a new position in Grupo Televisa, S.A.B. during the third quarter valued at $1,463,000. Thrivent Financial for Lutherans purchased a new position in Grupo Televisa, S.A.B. during the third quarter valued at $284,000. Finally, PEAK6 Investments LLC acquired a new stake in shares of Grupo Televisa, S.A.B. in the third quarter valued at about $119,000. 55.77% of the stock is owned by institutional investors and hedge funds.

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.