Grupo Televisa SAB (NYSE:TV) Share Price Passes Above 200-Day Moving Average of $10.07

Shares of Grupo Televisa SAB (NYSE:TV) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.07 and traded as high as $11.72. Grupo Televisa SAB shares last traded at $11.56, with a volume of 367,333 shares.

A number of equities analysts recently commented on the stock. Barclays cut shares of Grupo Televisa SAB from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $11.00 to $9.00 in a research note on Monday, November 11th. Zacks Investment Research raised shares of Grupo Televisa SAB from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $12.33.

The company has a market capitalization of $6.68 billion, a PE ratio of 55.00, a PEG ratio of 1.61 and a beta of 0.95. The company has a current ratio of 1.42, a quick ratio of 1.40 and a debt-to-equity ratio of 0.08. The firm’s 50-day simple moving average is $11.40 and its 200-day simple moving average is $10.10.

Grupo Televisa SAB (NYSE:TV) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Grupo Televisa SAB had a net margin of 2.29% and a return on equity of 2.19%. As a group, analysts anticipate that Grupo Televisa SAB will post 0.36 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in TV. LPL Financial LLC purchased a new stake in Grupo Televisa SAB in the 2nd quarter valued at about $183,000. Northern Trust Corp boosted its position in Grupo Televisa SAB by 53.0% in the 2nd quarter. Northern Trust Corp now owns 970,230 shares of the company’s stock valued at $8,189,000 after buying an additional 335,977 shares during the period. Tower Research Capital LLC TRC boosted its position in Grupo Televisa SAB by 2,996.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,193 shares of the company’s stock valued at $52,000 after buying an additional 5,993 shares during the period. Laurion Capital Management LP boosted its position in Grupo Televisa SAB by 29.6% in the 2nd quarter. Laurion Capital Management LP now owns 213,818 shares of the company’s stock valued at $1,805,000 after buying an additional 48,832 shares during the period. Finally, NumerixS Investment Technologies Inc boosted its position in Grupo Televisa SAB by 54.2% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 29,602 shares of the company’s stock valued at $250,000 after buying an additional 10,402 shares during the period. 48.01% of the stock is owned by institutional investors.

About Grupo Televisa SAB (NYSE:TV)

Grupo Televisa, SAB. operates as a media company in the Spanish-speaking world. The company operates through four segments: Content, Sky, Cable, and Other Businesses. The Content segment produces television programming and broadcasts Channels 2, 4, 5, and 9; sells advertising time on programs; provides Internet services; and produces television programming and broadcasting for local television stations in Mexico and the United States.

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