Could Grupo Televisa SAB (ADR) See a Reversal After Today’s Strong Options Activity?

 Could Grupo Televisa SAB (ADR) See a Reversal After Today's Strong Options Activity?

In today’s session Grupo Televisa SAB (ADR) (TV) registered an unusually high (391) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious TV increase. With 391 contracts traded and 204 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: TV161118C00025000 closed last at: $0.65 or 0% . About 686,157 shares traded hands. Grupo Televisa SAB (ADR) (NYSE:TV) has declined 12.59% since April 1, 2016 and is downtrending. It has underperformed by 13.80% the S&P500.

Grupo Televisa SAB (ADR) (NYSE:TV) Ratings Coverage

Out of 8 analysts covering Grupo Televisa SAB (NYSE:TV), 1 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 13% are positive. $85.50 is the highest target while $25 is the lowest. The $37.92 average target is 55.60% above today’s ($24.37) stock price. Grupo Televisa SAB has been the topic of 12 analyst reports since September 4, 2015 according to StockzIntelligence Inc. The stock of Grupo Televisa SAB (ADR) (NYSE:TV) has “Neutral” rating given on Wednesday, March 30 by JP Morgan. As per Monday, May 9, the company rating was downgraded by Citigroup. HSBC downgraded the stock to “Hold” rating in Wednesday, September 30 report. HSBC upgraded Grupo Televisa SAB (ADR) (NYSE:TV) on Thursday, September 22 to “Hold” rating. The company was initiated on Wednesday, April 20 by Evercore. Credit Suisse initiated it with “Neutral” rating and $27 target price in Friday, February 19 report. Bank of America upgraded the stock to “Neutral” rating in Friday, January 8 report. The stock has “Reduce” rating given by HSBC on Thursday, May 12. The rating was upgraded by JP Morgan on Tuesday, January 12 to “Overweight”. TheStreet downgraded the shares of TV in a report on Friday, September 4 to “Hold” rating.

According to Zacks Investment Research, “Grupo Televisa, S.A, is the largest media company in the Spanish-speaking world, and a major player in the international entertainment business. They have interests in Television production, broadcasting, international distribution of television programming, direct-to-home satellite services, publishing, music recording, radio production and broadcasting, cable television, professional sports and show business promotions, paging services, feature film production and distribution and dubbing.”

Grupo Televisa, S.A.B. is a media company in the international entertainment business. The company has a market cap of $14.12 billion. The Firm operates in four business divisions: Content, Sky, Telecommunications, and Other Businesses. It has a 59 P/E ratio. It operates four broadcast channels in Mexico City and has affiliated stations throughout the country.

TV Company Profile

Grupo Televisa, S.A.B., incorporated on December 19, 1990, is a media company. The Firm is a cable operator and an operator of a direct-to-home (DTH) satellite pay television system in Mexico. The Firm operates through four divisions: Content, Sky, Cable and Other Businesses. The Firm distributes the content it produces through various broadcast channels in Mexico and in over 50 other countries through approximately 30 pay-television brands and television networks, cable operators and over-the-top (OTT) services. In the United States, its audiovisual content is distributed through Univision Communications Inc. (Univision). Univision broadcasts its audiovisual content through multiple platforms. The Company’s cable business offers integrated services, including video, high-speed data and voice services to residential and commercial customers, as well as managed services to domestic and international carriers through over five cable Multiple System Operators in Mexico. It owns interest in Sky, a DTH satellite pay television system in Mexico, operating also in the Dominican Republic and Central America. It also has interests in magazine publishing and distribution, radio production and broadcasting, professional sports and live entertainment, feature-film production and distribution, and gaming.

More news for Grupo Televisa SAB (ADR) (NYSE:TV) were recently published by: Marketwatch.com, which released: “Grupo Televisa SAB ADR” on October 17, 2010. Benzinga.com‘s article titled: “Pete Najarian Sees Unusual Options Activity In Grupo Televisa SAB” and published on September 27, 2016 is yet another important article.

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