Grupo Televisa, S.A.B. (NYSE:TV) Trading 3.9% Higher – Time to Buy?

Grupo Televisa, S.A.B. (NYSE:TV)’s share price shot up 3.9% during trading on Monday . The company traded as high as $1.98 and last traded at $2.00. 665,098 shares traded 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

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

Grupo Televisa, S.A.B. Trading Down 0.2 %

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. GFS Advisors LLC purchased a new position in shares of Grupo Televisa, S.A.B. in the 4th quarter worth $3,600,000. Robeco Institutional Asset Management B.V. increased its position in shares of Grupo Televisa, S.A.B. by 245.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,976,394 shares of the company’s stock valued at $3,320,000 after purchasing an additional 1,404,933 shares during the last quarter. Central Pacific Bank Trust Division increased its position in shares of Grupo Televisa, S.A.B. by 66.7% during the 4th quarter. Central Pacific Bank Trust Division now owns 25,000 shares of the company’s stock valued at $42,000 after purchasing an additional 10,000 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in Grupo Televisa, S.A.B. during the 3rd quarter valued at $123,000. Finally, Centiva Capital LP lifted its position in Grupo Televisa, S.A.B. by 86.3% in the third quarter. Centiva Capital LP now owns 101,499 shares of the company’s stock worth $260,000 after buying an additional 47,014 shares during the last quarter. 55.77% of the stock is currently owned by 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.