Grupo Televisa, S.A.B. (NYSE:TV) Shares Gap Up – Time to Buy?

Shares of Grupo Televisa, S.A.B. (NYSE:TV) gapped up before the market opened on Friday . The stock had previously closed at $2.43, but opened at $2.51. Grupo Televisa, S.A.B. shares last traded at $2.39, with a volume of 70,998 shares.

Analyst Upgrades and Downgrades

Several research analysts have commented on TV shares. StockNews.com lowered Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research report on Monday, September 30th. The Goldman Sachs Group dropped their price target on Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a “buy” rating on the stock in a report on Monday, August 5th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $5.60.

Grupo Televisa, S.A.B. Trading Up 0.8 %

The company has a current ratio of 2.31, a quick ratio of 2.28 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.36 billion, a P/E ratio of -2.76, a PEG ratio of 1.12 and a beta of 1.89. The business has a 50 day moving average price of $2.12 and a 200 day moving average price of $2.64.

Hedge Funds Weigh In On Grupo Televisa, S.A.B.

Hedge funds have recently made changes to their positions in the business. Sanctuary Advisors LLC acquired a new position in shares of Grupo Televisa, S.A.B. in the second quarter valued at approximately $29,000. Central Pacific Bank Trust Division bought a new stake in Grupo Televisa, S.A.B. in the first quarter worth approximately $39,000. PNC Financial Services Group Inc. boosted its stake in Grupo Televisa, S.A.B. by 824.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 14,938 shares of the company’s stock worth $50,000 after acquiring an additional 13,322 shares in the last quarter. Welch Group LLC acquired a new position in Grupo Televisa, S.A.B. during the 2nd quarter worth approximately $55,000. Finally, Ballentine Partners LLC grew its position in Grupo Televisa, S.A.B. by 74.1% in the 1st quarter. Ballentine Partners LLC now owns 25,442 shares of the company’s stock valued at $81,000 after purchasing an additional 10,828 shares during the period. 55.77% of the stock is 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.