Grupo Televisa, S.A.B. (NYSE:TV) Sees Large Volume Increase – Should You Buy?

Grupo Televisa, S.A.B. (NYSE:TV) shares saw unusually-high trading volume on Wednesday . Approximately 3,140,655 shares were traded during trading, an increase of 101% from the previous session’s volume of 1,560,711 shares.The stock last traded at $2.56 and had previously closed at $2.48.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TV shares. StockNews.com raised Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. The Goldman Sachs Group cut their price objective on shares of 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. Finally, Benchmark dropped their price target 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 report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $5.35.

Grupo Televisa, S.A.B. Stock Performance

The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.28 and a current ratio of 2.31. The stock’s 50 day moving average price is $2.20 and its 200 day moving average price is $2.55. The company has a market capitalization of $1.41 billion, a P/E ratio of -3.49, a price-to-earnings-growth ratio of 0.95 and a beta of 1.89.

Grupo Televisa, S.A.B. (NYSE:TV) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates 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 5.50%. The business had revenue of $812.55 million for the quarter, compared to analysts’ expectations of $828.35 million. As a group, equities analysts expect that Grupo Televisa, S.A.B. will post 0.07 EPS for the current year.

Institutional Trading of Grupo Televisa, S.A.B.

Hedge funds have recently modified their holdings of the stock. Discovery Capital Management LLC CT raised its position in shares of Grupo Televisa, S.A.B. by 6.2% during the second quarter. Discovery Capital Management LLC CT now owns 16,944,935 shares of the company’s stock worth $46,937,000 after purchasing an additional 993,295 shares during the period. Gamco Investors INC. ET AL increased its position in shares of Grupo Televisa, S.A.B. by 25.7% during the first quarter. Gamco Investors INC. ET AL now owns 14,618,608 shares of the company’s stock worth $46,780,000 after acquiring an additional 2,984,705 shares in the last quarter. Gabelli Funds LLC raised its holdings in shares of Grupo Televisa, S.A.B. by 0.3% in the 2nd quarter. Gabelli Funds LLC now owns 7,061,624 shares of the company’s stock worth $19,561,000 after acquiring an additional 19,024 shares during the last quarter. American Century Companies Inc. lifted its position in Grupo Televisa, S.A.B. by 12.2% in the 2nd quarter. American Century Companies Inc. now owns 841,994 shares of the company’s stock valued at $2,332,000 after acquiring an additional 91,237 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. acquired a new position in Grupo Televisa, S.A.B. during the 3rd quarter valued at about $1,463,000. 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.