Grupo Televisa, S.A.B. (NYSE:TV) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Grupo Televisa, S.A.B. (NYSE:TV) shares passed 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.

Analyst Ratings Changes

TV has been the subject of a number of research reports. Benchmark cut 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 note on Thursday, October 24th. StockNews.com raised shares of Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. Finally, The Goldman Sachs Group reduced their target price 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. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.35.

Grupo Televisa, S.A.B. Trading Down 0.4 %

The stock has a market capitalization of $1.33 billion, a P/E ratio of -3.38, a price-to-earnings-growth ratio of 1.11 and a beta of 1.88. The stock’s fifty day moving average price is $2.27 and its two-hundred day moving average price is $2.53. The company has a current ratio of 2.43, a quick ratio of 2.41 and a debt-to-equity ratio of 0.03.

Grupo Televisa, S.A.B. (NYSE:TV) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate 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 5.68%. The business had revenue of $812.55 million during the quarter, compared to the consensus estimate of $828.35 million. Equities research analysts forecast that Grupo Televisa, S.A.B. will post 0.07 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Sanctuary Advisors LLC purchased a new position in Grupo Televisa, S.A.B. during the 2nd quarter valued at about $29,000. Central Pacific Bank Trust Division increased its stake in shares of Grupo Televisa, S.A.B. by 50.0% during the third 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. Welch Group LLC bought a new position in shares of Grupo Televisa, S.A.B. during the second quarter valued at approximately $55,000. SG Americas Securities LLC lifted its stake in Grupo Televisa, S.A.B. by 35.7% in the second quarter. SG Americas Securities LLC now owns 28,154 shares of the company’s stock worth $78,000 after acquiring an additional 7,406 shares during the period. Finally, Ballentine Partners LLC boosted its holdings in Grupo Televisa, S.A.B. by 23.3% in the second quarter. Ballentine Partners LLC now owns 31,381 shares of the company’s stock valued at $87,000 after acquiring an additional 5,939 shares in the last quarter. 55.77% of the stock is owned by hedge funds and other 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.