Grupo Televisa, S.A.B. (NYSE:TV) Releases Quarterly Earnings Results, Misses Expectations By $0.91 EPS

Grupo Televisa, S.A.B. (NYSE:TV) issued its quarterly earnings data on Thursday. The company reported ($0.90) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.91), Zacks reports. Grupo Televisa, S.A.B. had a negative return on equity of 5.68% and a negative net margin of 10.88%. The firm had revenue of $758.58 million during the quarter, compared to the consensus estimate of $15.49 billion.

Grupo Televisa, S.A.B. Stock Performance

NYSE:TV traded down $0.11 during mid-day trading on Friday, hitting $1.97. 713,444 shares of the company traded hands, compared to its average volume of 2,267,500. The stock’s fifty day moving average price is $1.87 and its 200-day moving average price is $2.06. Grupo Televisa, S.A.B. has a one year low of $1.66 and a one year high of $3.62. The company has a quick ratio of 2.41, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of -2.77 and a beta of 1.83.

Analyst Ratings Changes

Several analysts recently commented on TV shares. The Goldman Sachs Group cut their price objective on Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a “buy” rating for the company in a report on Tuesday, January 28th. JPMorgan Chase & Co. lowered Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a report on Thursday, November 14th. Benchmark reissued a “buy” rating and set a $8.00 price target on shares of Grupo Televisa, S.A.B. in a report on Tuesday, February 11th. Finally, StockNews.com lowered Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $4.57.

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.