Grupo Televisa, S.A.B. (NYSE:TV) Shares Down 6.7% – What’s Next?

Grupo Televisa, S.A.B. (NYSE:TV) shares fell 6.7% during mid-day trading on Monday . The stock traded as low as $2.21 and last traded at $2.24. 804,759 shares were traded during mid-day trading, a decline of 49% from the average session volume of 1,569,849 shares. The stock had previously closed at $2.40.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TV. The Goldman Sachs Group dropped their price objective 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. Benchmark dropped their price objective on Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Finally, StockNews.com raised Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.35.

Grupo Televisa, S.A.B. Stock Up 0.7 %

The firm has a 50-day moving average price of $2.29 and a two-hundred day moving average price of $2.51. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.41 and a current ratio of 2.43.

Grupo Televisa, S.A.B. (NYSE:TV) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.04. The firm had revenue of $812.55 million during the quarter, compared to the consensus estimate of $828.35 million. Grupo Televisa, S.A.B. had a negative return on equity of 5.68% and a negative net margin of 10.88%. On average, sell-side analysts anticipate that Grupo Televisa, S.A.B. will post 0.07 earnings per share for the current year.

Institutional Investors Weigh In On Grupo Televisa, S.A.B.

Large investors have recently bought and sold shares of the company. Gabelli Funds LLC raised its stake in Grupo Televisa, S.A.B. by 14.9% in the 1st quarter. Gabelli Funds LLC now owns 7,042,600 shares of the company’s stock valued at $22,536,000 after purchasing an additional 914,500 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in shares of Grupo Televisa, S.A.B. during the 3rd quarter worth $1,463,000. SG Americas Securities LLC grew its holdings in shares of Grupo Televisa, S.A.B. by 35.7% during the 2nd quarter. SG Americas Securities LLC now owns 28,154 shares of the company’s stock worth $78,000 after purchasing an additional 7,406 shares during the period. Central Pacific Bank Trust Division boosted its holdings in Grupo Televisa, S.A.B. by 50.0% during the 3rd quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company’s stock valued at $38,000 after acquiring an additional 5,000 shares during the period. Finally, Ballentine Partners LLC boosted its holdings in Grupo Televisa, S.A.B. by 23.3% during the 2nd quarter. Ballentine Partners LLC now owns 31,381 shares of the company’s stock valued at $87,000 after acquiring an additional 5,939 shares during the period. Hedge funds and other institutional investors own 55.77% of the company’s stock.

About Grupo Televisa, S.A.B.

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.