Grupo Televisa, S.A.B. (NYSE:TV) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Grupo Televisa, S.A.B. (NYSE:TV)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.06 and traded as high as $2.22. Grupo Televisa, S.A.B. shares last traded at $2.13, with a volume of 2,992,387 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TV shares. 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 note on Tuesday, January 28th. Benchmark reissued a “buy” rating and issued a $8.00 target price on shares of Grupo Televisa, S.A.B. in a report on Tuesday, February 11th. JPMorgan Chase & Co. cut shares of Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 14th. Finally, StockNews.com lowered shares of Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Grupo Televisa, S.A.B. has an average rating of “Hold” and an average target price of $4.57.

Grupo Televisa, S.A.B. Trading Down 2.1 %

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 business has a 50-day simple moving average of $1.87 and a 200-day simple moving average of $2.06.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Ballentine Partners LLC lifted its stake in shares of Grupo Televisa, S.A.B. by 18.0% during the 3rd quarter. Ballentine Partners LLC now owns 37,039 shares of the company’s stock worth $95,000 after acquiring an additional 5,658 shares during the last quarter. Central Pacific Bank Trust Division increased its stake in Grupo Televisa, S.A.B. by 66.7% in the fourth quarter. Central Pacific Bank Trust Division now owns 25,000 shares of the company’s stock worth $42,000 after purchasing an additional 10,000 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Grupo Televisa, S.A.B. during the second quarter worth $29,000. Banco Santander S.A. lifted its position in shares of Grupo Televisa, S.A.B. by 13.0% during the third quarter. Banco Santander S.A. now owns 182,999 shares of the company’s stock worth $468,000 after purchasing an additional 20,999 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Grupo Televisa, S.A.B. by 57.9% during the fourth quarter. Northern Trust Corp now owns 64,512 shares of the company’s stock valued at $108,000 after purchasing an additional 23,648 shares during the period. 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.