Grupo Televisa, S.A.B. (NYSE:TV) Shares Gap Down – Time to Sell?

Shares of Grupo Televisa, S.A.B. (NYSE:TV) gapped down prior to trading on Thursday . The stock had previously closed at $2.18, but opened at $2.11. Grupo Televisa, S.A.B. shares last traded at $2.17, with a volume of 202,627 shares.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TV shares. Benchmark decreased their price target on Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. StockNews.com upgraded Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th. The Goldman Sachs Group decreased their price target on Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a “buy” rating for the company in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. cut Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $5.35.

Grupo Televisa, S.A.B. Price Performance

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 company has a market cap of $1.21 billion, a P/E ratio of -3.06, a price-to-earnings-growth ratio of 0.97 and a beta of 1.88. The company has a fifty day moving average of $2.29 and a 200 day moving average of $2.51.

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

Institutional Trading of Grupo Televisa, S.A.B.

Several hedge funds have recently bought and sold shares of the stock. PEAK6 Investments LLC bought a new stake in Grupo Televisa, S.A.B. during the third quarter valued at about $119,000. BNP Paribas Financial Markets grew its holdings in Grupo Televisa, S.A.B. by 1,005,403.7% during the third quarter. BNP Paribas Financial Markets now owns 271,486 shares of the company’s stock valued at $695,000 after purchasing an additional 271,459 shares during the period. Banco Santander S.A. grew its holdings in Grupo Televisa, S.A.B. by 13.0% during the third quarter. Banco Santander S.A. now owns 182,999 shares of the company’s stock valued at $468,000 after purchasing an additional 20,999 shares during the period. Thrivent Financial for Lutherans bought a new stake in Grupo Televisa, S.A.B. during the third quarter valued at about $284,000. Finally, Oppenheimer & Co. Inc. bought a new stake in Grupo Televisa, S.A.B. during the third quarter valued at about $90,000. Institutional investors own 55.77% of the company’s stock.

Grupo Televisa, S.A.B. Company Profile

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.