Grupo Televisa, S.A.B. (NYSE:TV) Sees Unusually-High Trading Volume

Grupo Televisa, S.A.B. (NYSE:TV) saw unusually-strong trading volume on Wednesday . Approximately 2,130,003 shares changed hands during trading, an increase of 53% from the previous session’s volume of 1,396,052 shares.The stock last traded at $1.88 and had previously closed at $1.87.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. StockNews.com raised shares of Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a research note on Wednesday. Benchmark restated a “buy” rating and set a $12.00 price objective on shares of Grupo Televisa, S.A.B. in a research note on Thursday, May 16th. Finally, The Goldman Sachs Group cut their target price on Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a “buy” rating on the stock in a research note on Monday, August 5th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $5.16.

Grupo Televisa, S.A.B. Price Performance

The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.28 and a current ratio of 2.31. The stock’s 50 day simple moving average is $2.18 and its 200-day simple moving average is $2.73. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of -2.31, a price-to-earnings-growth ratio of 0.82 and a beta of 1.88.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Gabelli Funds LLC raised its position in shares of Grupo Televisa, S.A.B. by 14.9% during the 1st quarter. Gabelli Funds LLC now owns 7,042,600 shares of the company’s stock worth $22,536,000 after purchasing an additional 914,500 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Grupo Televisa, S.A.B. by 824.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 14,938 shares of the company’s stock worth $50,000 after buying an additional 13,322 shares in the last quarter. Jump Financial LLC raised its position in shares of Grupo Televisa, S.A.B. by 223.8% in the fourth quarter. Jump Financial LLC now owns 216,924 shares of the company’s stock valued at $725,000 after buying an additional 149,923 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. raised its position in shares of Grupo Televisa, S.A.B. by 47.9% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 284,575 shares of the company’s stock valued at $950,000 after buying an additional 92,150 shares during the last quarter. Finally, Central Pacific Bank Trust Division purchased a new position in shares of Grupo Televisa, S.A.B. in the first quarter worth about $39,000. 55.77% of the stock is currently owned by institutional investors and hedge funds.

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.