Grupo Televisa (NYSE:TV) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Grupo Televisa S.A. (NYSE:TV) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.28 and traded as high as $2.41. Grupo Televisa shares last traded at $2.40, with a volume of 483,493 shares traded.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TV shares. UBS Group raised their price target on Grupo Televisa from $2.40 to $2.50 and gave the stock a “neutral” rating in a research report on Tuesday, July 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Grupo Televisa in a research note on Wednesday, October 8th. JPMorgan Chase & Co. upgraded Grupo Televisa from a “neutral” rating to an “overweight” rating in a research note on Wednesday, August 27th. The Goldman Sachs Group cut Grupo Televisa from a “buy” rating to a “neutral” rating and set a $2.60 price objective on the stock. in a research note on Friday, August 8th. Finally, Benchmark increased their price objective on Grupo Televisa from $7.00 to $9.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $4.70.

Grupo Televisa Stock Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.35 and a quick ratio of 2.33. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of -3.19, a PEG ratio of 0.79 and a beta of 1.99. The stock has a 50 day simple moving average of $2.62 and a two-hundred day simple moving average of $2.28.

Grupo Televisa (NYSE:TV) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.06. Grupo Televisa had a negative return on equity of 6.95% and a negative net margin of 13.56%.The company had revenue of $787.59 million for the quarter, compared to analysts’ expectations of $14.96 billion. As a group, analysts anticipate that Grupo Televisa S.A. will post -0.07 earnings per share for the current year.

Institutional Trading of Grupo Televisa

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Corient Private Wealth LLC raised its stake in Grupo Televisa by 2.8% in the second quarter. Corient Private Wealth LLC now owns 237,177 shares of the company’s stock valued at $519,000 after buying an additional 6,518 shares in the last quarter. Signaturefd LLC increased its position in shares of Grupo Televisa by 72.7% during the first quarter. Signaturefd LLC now owns 16,085 shares of the company’s stock worth $28,000 after purchasing an additional 6,770 shares in the last quarter. EntryPoint Capital LLC increased its position in shares of Grupo Televisa by 6.9% during the first quarter. EntryPoint Capital LLC now owns 137,851 shares of the company’s stock worth $241,000 after purchasing an additional 8,953 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. increased its position in shares of Grupo Televisa by 2.5% during the second quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 405,950 shares of the company’s stock worth $889,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Strid Group LLC acquired a new stake in shares of Grupo Televisa during the third quarter worth about $27,000. 55.77% of the stock is currently owned by institutional investors and hedge funds.

About Grupo Televisa

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.