Grupo Televisa, S.A.B. (NYSE:TV) Shares Gap Up – Here’s What Happened

Shares of Grupo Televisa, S.A.B. (NYSE:TV) 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 Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TV shares. Benchmark restated a “buy” rating and issued 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 lowered Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Finally, The Goldman Sachs Group dropped their price target on Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a “buy” rating for the company in a research report on Tuesday, January 28th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $4.23.

Grupo Televisa, S.A.B. Stock Up 0.9 %

The stock has a market capitalization of $983.00 million, a price-to-earnings ratio of -2.43 and a beta of 1.84. The business has a fifty day moving average of $1.92 and a 200 day moving average of $2.05. 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 quarterly earnings data on Thursday, February 20th. The company reported ($0.90) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.91). Grupo Televisa, S.A.B. had a negative net margin of 11.69% and a negative return on equity of 5.73%. The business had revenue of $758.58 million during the quarter, compared to analyst estimates of $15.49 billion. As a group, equities analysts predict that Grupo Televisa, S.A.B. will post -0.07 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TV. GFS Advisors LLC acquired a new position in Grupo Televisa, S.A.B. in the fourth quarter valued at approximately $3,600,000. Itau Unibanco Holding S.A. lifted its stake in Grupo Televisa, S.A.B. by 13,477.4% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,749,042 shares of the company’s stock worth $2,938,000 after purchasing an additional 1,736,160 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Grupo Televisa, S.A.B. by 245.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,976,394 shares of the company’s stock worth $3,320,000 after purchasing an additional 1,404,933 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Grupo Televisa, S.A.B. in the fourth quarter valued at $939,000. Finally, Gamco Investors INC. ET AL raised its stake in shares of Grupo Televisa, S.A.B. by 3.0% in the fourth quarter. Gamco Investors INC. ET AL now owns 17,119,063 shares of the company’s stock valued at $28,760,000 after acquiring an additional 500,271 shares in the last quarter. 55.77% of the stock is currently owned by institutional investors and hedge funds.

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.