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

Grupo Televisa, S.A.B. (NYSE:TV)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $1.81, but opened at $1.87. Grupo Televisa, S.A.B. shares last traded at $1.79, with a volume of 118,040 shares trading hands.

Analysts Set New Price Targets

TV has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered shares of Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research note on Thursday, November 14th. Benchmark reduced their price target on shares of Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. StockNews.com cut shares of 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 reduced their target price on Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a “buy” rating on the stock in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $5.57.

Grupo Televisa, S.A.B. Price Performance

The company’s fifty day moving average price is $1.86 and its two-hundred day moving average price is $2.09. The company has a quick ratio of 2.41, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -2.61 and a beta of 1.82.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. XTX Topco Ltd boosted its position in Grupo Televisa, S.A.B. by 19.1% during the 2nd quarter. XTX Topco Ltd now owns 60,454 shares of the company’s stock worth $167,000 after acquiring an additional 9,684 shares during the last quarter. Squarepoint Ops LLC lifted its position in shares of Grupo Televisa, S.A.B. by 199.3% in the second quarter. Squarepoint Ops LLC now owns 91,482 shares of the company’s stock worth $253,000 after purchasing an additional 60,918 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Grupo Televisa, S.A.B. by 22.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 98,282 shares of the company’s stock worth $272,000 after purchasing an additional 17,864 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Grupo Televisa, S.A.B. in the second quarter valued at $29,000. Finally, Central Pacific Bank Trust Division grew its position in Grupo Televisa, S.A.B. by 50.0% in the third quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company’s stock valued at $38,000 after purchasing an additional 5,000 shares in the last quarter. 55.77% of the stock is currently 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.