Grupo Televisa, S.A.B. (NYSE:TV) Sees Unusually-High Trading Volume

Shares of Grupo Televisa, S.A.B. (NYSE:TV) saw unusually-strong trading volume on Wednesday . Approximately 959,661 shares were traded during trading, a decline of 34% from the previous session’s volume of 1,456,456 shares.The stock last traded at $2.10 and had previously closed at $2.01.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. StockNews.com raised Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a research report on Wednesday, September 11th. The Goldman Sachs Group decreased 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 research note on Monday, August 5th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Grupo Televisa, S.A.B. presently has an average rating of “Moderate Buy” and a consensus price target of $5.16.

Grupo Televisa, S.A.B. Stock Up 9.0 %

The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of -2.66, a PEG ratio of 0.88 and a beta of 1.88. The firm’s 50 day simple moving average is $2.09 and its 200-day simple moving average is $2.69. The company has a current ratio of 2.31, a quick ratio of 2.28 and a debt-to-equity ratio of 0.04.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TV. Discovery Capital Management LLC CT grew its position in 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 valued at $46,937,000 after acquiring an additional 993,295 shares during the period. Gamco Investors INC. ET AL lifted its stake in shares of Grupo Televisa, S.A.B. by 25.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 14,618,608 shares of the company’s stock valued at $46,780,000 after purchasing an additional 2,984,705 shares in the last quarter. Prudential PLC grew its holdings in shares of Grupo Televisa, S.A.B. by 0.4% during the 4th quarter. Prudential PLC now owns 8,519,013 shares of the company’s stock worth $28,454,000 after purchasing an additional 33,005 shares during the period. Gabelli Funds LLC increased its position in Grupo Televisa, S.A.B. by 0.3% during the 2nd quarter. Gabelli Funds LLC now owns 7,061,624 shares of the company’s stock worth $19,561,000 after purchasing an additional 19,024 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Grupo Televisa, S.A.B. by 162.4% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,093,800 shares of the company’s stock valued at $10,333,000 after buying an additional 1,914,800 shares during the period. Hedge funds and other 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.