Grupo Televisa, S.A.B. (NYSE:TV) Stock Price Passes Above 200-Day Moving Average of $8.98

Grupo Televisa, S.A.B. (NYSE:TV) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.98 and traded as high as $12.51. Grupo Televisa, S.A.B. shares last traded at $12.39, with a volume of 950,493 shares changing hands.

A number of brokerages have recently commented on TV. Zacks Investment Research cut Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research note on Saturday, May 1st. TheStreet upgraded Grupo Televisa, S.A.B. from a “d+” rating to a “c-” rating in a research note on Monday, March 22nd. Finally, Barclays increased their price target on Grupo Televisa, S.A.B. from $7.50 to $11.00 and gave the company an “underweight” rating in a research note on Thursday, April 15th.

The firm has a market capitalization of $7.16 billion, a P/E ratio of -53.87, a price-to-earnings-growth ratio of 3.26 and a beta of 1.21. The company has a current ratio of 1.38, a quick ratio of 1.35 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average of $11.39 and a 200-day moving average of $8.98.

Grupo Televisa, S.A.B. (NYSE:TV) last announced its earnings results on Thursday, February 18th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.13. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.31 billion. Grupo Televisa, S.A.B. had a negative return on equity of 3.06% and a negative net margin of 2.78%. Research analysts predict that Grupo Televisa, S.A.B. will post -0.07 EPS for the current year.

Large investors have recently made changes to their positions in the stock. Sei Investments Co. raised its position in Grupo Televisa, S.A.B. by 0.9% during the 4th quarter. Sei Investments Co. now owns 2,048,261 shares of the company’s stock worth $16,878,000 after purchasing an additional 18,600 shares during the last quarter. Scharf Investments LLC raised its position in Grupo Televisa, S.A.B. by 13.4% during the 1st quarter. Scharf Investments LLC now owns 151,328 shares of the company’s stock worth $1,341,000 after purchasing an additional 17,850 shares during the last quarter. Panagora Asset Management Inc. grew its holdings in Grupo Televisa, S.A.B. by 57.3% during the 4th quarter. Panagora Asset Management Inc. now owns 63,223 shares of the company’s stock worth $521,000 after acquiring an additional 23,039 shares during the period. Northern Trust Corp grew its holdings in Grupo Televisa, S.A.B. by 1.7% during the 4th quarter. Northern Trust Corp now owns 1,052,455 shares of the company’s stock worth $8,672,000 after acquiring an additional 17,790 shares during the period. Finally, Nuveen Asset Management LLC grew its holdings in Grupo Televisa, S.A.B. by 6.2% during the 4th quarter. Nuveen Asset Management LLC now owns 8,755,906 shares of the company’s stock worth $72,149,000 after acquiring an additional 509,092 shares during the period. 47.50% of the stock is owned by institutional investors and hedge funds.

Grupo Televisa, S.A.B. Company Profile (NYSE:TV)

Grupo Televisa, SAB. operates as a media company in the Spanish-speaking world. The company operates through four segments: Cable, Sky, Content, and Other Businesses. The Cable segment operates cable multiple system and telecommunication facilities. It provides basic and premium television subscription, pay-per-view, installation, Internet subscription, and telephone services, as well as local and national advertising sales; and data and long-distance services solutions to carriers and other telecommunications service providers through its fiber-optic network.

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