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

Grupo Televisa, S.A.B. (NYSE:TV) shares gapped up before the market opened on Thursday . The stock had previously closed at $1.89, but opened at $1.94. Grupo Televisa, S.A.B. shares last traded at $1.89, with a volume of 77,662 shares traded.

Analyst Ratings Changes

A number of brokerages have commented on TV. The Goldman Sachs Group lowered 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 report on Tuesday, January 28th. JPMorgan Chase & Co. lowered Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research note on Thursday, November 14th. Benchmark restated a “buy” rating and issued a $7.00 price target (down previously from $8.00) on shares of Grupo Televisa, S.A.B. in a research note on Wednesday, March 5th. Finally, StockNews.com lowered Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Grupo Televisa, S.A.B. currently has a consensus rating of “Hold” and a consensus price target of $4.23.

Grupo Televisa, S.A.B. Price Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 2.41. The stock has a 50 day moving average price of $1.92 and a 200-day moving average price of $2.05. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of -2.50 and a beta of 1.84.

Grupo Televisa, S.A.B. (NYSE:TV) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.91). The firm had revenue of $758.58 million during the quarter, compared to analyst estimates of $15.49 billion. Grupo Televisa, S.A.B. had a negative return on equity of 5.73% and a negative net margin of 11.69%. On average, analysts forecast that Grupo Televisa, S.A.B. will post -0.07 earnings per share for the current year.

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

Institutional investors have recently added to or reduced their stakes in the stock. Banco Santander S.A. lifted its position in Grupo Televisa, S.A.B. by 73.6% during the fourth quarter. Banco Santander S.A. now owns 317,620 shares of the company’s stock worth $534,000 after buying an additional 134,621 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Grupo Televisa, S.A.B. by 1,005,403.7% during the third quarter. BNP Paribas Financial Markets now owns 271,486 shares of the company’s stock worth $695,000 after buying an additional 271,459 shares in the last quarter. Central Pacific Bank Trust Division lifted its position in Grupo Televisa, S.A.B. by 66.7% during the fourth quarter. Central Pacific Bank Trust Division now owns 25,000 shares of the company’s stock worth $42,000 after buying an additional 10,000 shares in the last quarter. Thrivent Financial for Lutherans purchased a new position in Grupo Televisa, S.A.B. during the third quarter worth approximately $284,000. Finally, GFS Advisors LLC purchased a new position in Grupo Televisa, S.A.B. during the fourth quarter worth approximately $3,600,000. Hedge funds and other institutional investors own 55.77% of the company’s stock.

Grupo Televisa, S.A.B. Company Profile

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.