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

Grupo Televisa, S.A.B. (NYSE:TV)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $1.89, but opened at $1.94. Grupo Televisa, S.A.B. shares last traded at $1.89, with a volume of 77,662 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TV. JPMorgan Chase & Co. lowered shares of Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research note on Thursday, November 14th. Benchmark restated a “buy” rating and set a $7.00 price target (down from $8.00) on shares of Grupo Televisa, S.A.B. in a research report on Wednesday, March 5th. StockNews.com downgraded shares of Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Finally, The Goldman Sachs Group reduced their price target on shares of Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Grupo Televisa, S.A.B. has a consensus rating of “Hold” and a consensus price target of $4.23.

Grupo Televisa, S.A.B. Stock Down 3.4 %

The stock has a market capitalization of $1.01 billion, a P/E ratio of -2.50 and a beta of 1.84. The company’s 50-day moving average price is $1.92 and its 200 day moving average price is $2.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.41 and a current ratio of 2.43.

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

Hedge Funds Weigh In On Grupo Televisa, S.A.B.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Discovery Capital Management LLC CT grew its stake in shares of Grupo Televisa, S.A.B. by 0.6% in the 4th quarter. Discovery Capital Management LLC CT now owns 17,536,831 shares of the company’s stock worth $29,462,000 after buying an additional 100,100 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of Grupo Televisa, S.A.B. by 3.0% in the 4th quarter. Gamco Investors INC. ET AL now owns 17,119,063 shares of the company’s stock worth $28,760,000 after acquiring an additional 500,271 shares during the last quarter. GFS Advisors LLC bought a new stake in shares of Grupo Televisa, S.A.B. in the 4th quarter worth about $3,600,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Grupo Televisa, S.A.B. by 245.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,976,394 shares of the company’s stock worth $3,320,000 after acquiring an additional 1,404,933 shares during the last quarter. Finally, Itau Unibanco Holding S.A. lifted its holdings in shares of Grupo Televisa, S.A.B. by 13,477.4% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,749,042 shares of the company’s stock worth $2,938,000 after acquiring an additional 1,736,160 shares during the last quarter. 55.77% of the stock is owned by hedge funds and other institutional investors.

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.