Grupo Televisa, S.A.B. (NYSE:TV) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of Grupo Televisa, S.A.B. (NYSE:TV) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.53 and traded as high as $2.57. Grupo Televisa, S.A.B. shares last traded at $2.40, with a volume of 1,457,883 shares trading hands.

Analysts Set New Price Targets

TV has been the topic of a number of recent analyst reports. The Goldman Sachs Group reduced their price objective on Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a “buy” rating on the stock in a research note on Monday, August 5th. Benchmark reduced their price target on shares of Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Finally, StockNews.com upgraded shares of Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $5.35.

Grupo Televisa, S.A.B. Stock Down 2.8 %

The firm has a 50 day moving average price of $2.27 and a 200-day moving average price of $2.53. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of -3.38, a price-to-earnings-growth ratio of 1.10 and a beta of 1.88. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 2.41.

Grupo Televisa, S.A.B. (NYSE:TV) last released its earnings results on Thursday, October 24th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. The company had revenue of $812.55 million for the quarter, compared to the consensus estimate of $828.35 million. Grupo Televisa, S.A.B. had a negative net margin of 10.88% and a negative return on equity of 5.68%. As a group, equities analysts predict that Grupo Televisa, S.A.B. will post 0.07 EPS for the current fiscal year.

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

Several institutional investors and hedge funds have recently made changes to their positions in TV. Thrivent Financial for Lutherans bought a new stake in shares of Grupo Televisa, S.A.B. in the 3rd quarter valued at about $284,000. Oppenheimer & Co. Inc. bought a new stake in Grupo Televisa, S.A.B. in the third quarter valued at approximately $90,000. Robeco Institutional Asset Management B.V. acquired a new stake in Grupo Televisa, S.A.B. in the third quarter worth $1,463,000. Ballentine Partners LLC boosted its position in shares of Grupo Televisa, S.A.B. by 18.0% during the third quarter. Ballentine Partners LLC now owns 37,039 shares of the company’s stock worth $95,000 after purchasing an additional 5,658 shares in the last quarter. Finally, Central Pacific Bank Trust Division grew its holdings in shares of 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. Institutional investors own 55.77% of the company’s stock.

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.