Large Inflow of Money Detected in Grupo Televisa S.A.

Grupo Televisa S.A. (TV) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $5.44 million worth of transactions were on upticks, whereas, the downticks accounted for $2.29 million worth of transactions. The net money flow was a positive $3.16 million and the uptick to downtick ratio was 2.38. The net money flow into the stock was $2.7 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $2.7 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Grupo Televisa S.A. (TV) was trading at $27.05, down $0.05 during day. The stock slid -0.18% over the previous days close. For the week, the stock recorded 0.93% over the previous weeks close.


Also, Major Brokerage house, HSBC downgrades its ratings on Grupo Televisa S.A. (NYSE:TV). In the latest research report, HSBC raises the target price from $24 per share to $25 per share. According to the latest information available, the shares are now rated Reduce by the analysts at the agency. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on May 12, 2016.

Grupo Televisa S.A. (NYSE:TV): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.22 and $26.91 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.24, notching a gain of 0.52% for the day. The total traded volume was 2,398,465 . The stock had closed at $27.10 on the previous day.

The stock has recorded a 20-day Moving Average of 5.08% and the 50-Day Moving Average is 4.58%.

Grupo Televisa, S.A.B. 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. It exports its programs and formats to television networks around the world. It is also a Spanish-language magazine publisher. Its pay-television channels include three music, six movie, seven variety and entertainment channels and two sports channels. Its programs include telenovelas, newscasts, situation comedies, game shows, reality shows, childrens programs, comedy and variety programs, musical and cultural events, movies and educational programming. Its programming also includes broadcasts of special events and sports events in Mexico.

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