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

Grupo Televisa, S.A.B. (NYSE:TV) shares gapped up before the market opened on Tuesday . The stock had previously closed at $1.71, but opened at $1.79. Grupo Televisa, S.A.B. shares last traded at $1.76, with a volume of 241,470 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TV shares. StockNews.com downgraded Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Benchmark decreased their price target on Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. JPMorgan Chase & Co. downgraded shares of Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 14th. Finally, The Goldman Sachs Group reduced their price target on Grupo Televisa, S.A.B. from $2.90 to $2.50 and set a “buy” rating for the company in a research report on Friday, November 15th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Grupo Televisa, S.A.B. has an average rating of “Hold” and an average target price of $5.67.

Grupo Televisa, S.A.B. Price Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.41 and a current ratio of 2.43. The stock has a market cap of $969.70 million, a PE ratio of -2.47 and a beta of 1.82. The business has a 50 day moving average price of $1.90 and a two-hundred day moving average price of $2.12.

Grupo Televisa, S.A.B. (NYSE:TV) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.04. The firm had revenue of $812.55 million for the quarter, compared to analysts’ expectations of $828.35 million. Grupo Televisa, S.A.B. had a negative return on equity of 5.68% and a negative net margin of 10.88%. Research analysts expect that Grupo Televisa, S.A.B. will post 0.11 earnings per share for the current fiscal year.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Discovery Capital Management LLC CT raised its holdings in Grupo Televisa, S.A.B. by 6.2% in the 2nd quarter. Discovery Capital Management LLC CT now owns 16,944,935 shares of the company’s stock worth $46,937,000 after purchasing an additional 993,295 shares during the period. Gabelli Funds LLC boosted its position in shares of Grupo Televisa, S.A.B. by 0.3% in the second 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 during the period. American Century Companies Inc. increased its stake in shares of Grupo Televisa, S.A.B. by 12.2% in the second quarter. American Century Companies Inc. now owns 841,994 shares of the company’s stock worth $2,332,000 after purchasing an additional 91,237 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in shares of Grupo Televisa, S.A.B. during the 3rd quarter valued at $1,463,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of Grupo Televisa, S.A.B. by 1,005,403.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 271,486 shares of the company’s stock valued at $695,000 after buying an additional 271,459 shares in the last quarter. Hedge funds and other institutional investors own 55.77% of the company’s stock.

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.