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

Grupo Televisa, S.A.B. (NYSE:TV) traded down 6.7% on Monday . The stock traded as low as $2.21 and last traded at $2.24. 804,759 shares traded hands 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.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. The Goldman Sachs Group dropped their target price on Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a “buy” rating on the stock in a research report on Monday, August 5th. Benchmark decreased their price target 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 upgraded Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $5.35.

Grupo Televisa, S.A.B. Trading Down 7.1 %

The company has a current ratio of 2.43, a quick ratio of 2.41 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average of $2.27 and a 200 day moving average of $2.52. The company has a market cap of $1.23 billion, a P/E ratio of -3.38, a price-to-earnings-growth ratio of 1.08 and a beta of 1.88.

Grupo Televisa, S.A.B. (NYSE:TV) last released its earnings results on Thursday, October 24th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $812.55 million during the quarter, compared to the consensus estimate of $828.35 million. On average, analysts predict that Grupo Televisa, S.A.B. will post 0.07 earnings per share for the current fiscal year.

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

Large investors have recently added to or reduced their stakes in the business. Gamco Investors INC. ET AL increased its holdings in Grupo Televisa, S.A.B. by 25.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 14,618,608 shares of the company’s stock valued at $46,780,000 after purchasing an additional 2,984,705 shares during the period. Keeley Teton Advisors LLC grew its holdings in shares of Grupo Televisa, S.A.B. by 41.1% during the 1st quarter. Keeley Teton Advisors LLC now owns 168,388 shares of the company’s stock worth $539,000 after acquiring an additional 49,053 shares during the period. Gabelli Funds LLC grew its holdings in shares of Grupo Televisa, S.A.B. by 14.9% during the 1st quarter. Gabelli Funds LLC now owns 7,042,600 shares of the company’s stock worth $22,536,000 after acquiring an additional 914,500 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. grew its holdings in shares of Grupo Televisa, S.A.B. by 28.6% during the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 366,025 shares of the company’s stock worth $1,171,000 after acquiring an additional 81,450 shares during the period. Finally, 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 acquiring an additional 7,406 shares during the period. 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.