Shares of Grupo Televisa SAB (NYSE:TV) were down 5.3% during trading on Tuesday . The company traded as low as $14.48 and last traded at $14.56. Approximately 10,785,381 shares traded hands during mid-day trading, an increase of 230% from the average daily volume of 3,268,746 shares. The stock had previously closed at $15.38.
A number of analysts have recently commented on TV shares. HSBC raised Grupo Televisa SAB from a “hold” rating to a “buy” rating in a research report on Monday, December 4th. UBS raised Grupo Televisa SAB from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 30th. ValuEngine cut Grupo Televisa SAB from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Citigroup raised Grupo Televisa SAB from a “sell” rating to a “hold” rating in a research report on Monday, December 4th. Finally, Zacks Investment Research cut Grupo Televisa SAB from a “hold” rating to a “sell” rating in a research report on Tuesday, November 21st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $26.00.
The firm has a market cap of $8,998.37, a PE ratio of 35.51, a PEG ratio of 1.42 and a beta of 1.39. The company has a current ratio of 1.71, a quick ratio of 1.69 and a debt-to-equity ratio of 1.30.
Grupo Televisa SAB (NYSE:TV) last released its quarterly earnings data on Tuesday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.08). The business had revenue of $1.38 billion during the quarter. Grupo Televisa SAB had a net margin of 4.79% and a return on equity of 4.54%. equities research analysts expect that Grupo Televisa SAB will post 0.46 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. raised its stake in Grupo Televisa SAB by 80.3% during the 4th quarter. Macquarie Group Ltd. now owns 5,411,377 shares of the company’s stock valued at $101,028,000 after buying an additional 2,409,863 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Grupo Televisa SAB in the 4th quarter worth $2,828,000. Verition Fund Management LLC purchased a new stake in shares of Grupo Televisa SAB in the 4th quarter worth $955,000. Zimmer Partners LP increased its stake in shares of Grupo Televisa SAB by 53.0% in the 4th quarter. Zimmer Partners LP now owns 5,698,563 shares of the company’s stock worth $106,392,000 after purchasing an additional 1,973,563 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of Grupo Televisa SAB by 3,344.7% in the 4th quarter. Millennium Management LLC now owns 1,694,261 shares of the company’s stock worth $31,632,000 after purchasing an additional 1,645,076 shares in the last quarter. 55.76% of the stock is currently owned by institutional investors and hedge funds.
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About Grupo Televisa SAB
Grupo Televisa, SAB. is a media company in the international entertainment business. The Company operates in four business segments: Content, Sky, Telecommunications, and Other Businesses. It operates four broadcast channels in Mexico City and has affiliated stations throughout the country. It produces pay-television channels with national and international feeds, throughout Latin America, the United States, Canada, Europe and Asia Pacific.
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