Grupo Televisa, S.A.B. (NYSE:TV) Shares Gap Down After Earnings Miss

Grupo Televisa, S.A.B. (NYSE:TV)’s stock price gapped down prior to trading on Friday following a dissappointing earnings announcement. The stock had previously closed at $2.07, but opened at $2.01. Grupo Televisa, S.A.B. shares last traded at $1.96, with a volume of 502,373 shares changing hands.

The company reported ($0.90) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.91). 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 analyst estimates of $15.49 billion.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ballentine Partners LLC raised its holdings in shares of Grupo Televisa, S.A.B. by 18.0% in the 3rd quarter. Ballentine Partners LLC now owns 37,039 shares of the company’s stock worth $95,000 after purchasing an additional 5,658 shares during the period. Robeco Institutional Asset Management B.V. acquired a new stake in Grupo Televisa, S.A.B. during the 3rd quarter worth approximately $1,463,000. Oppenheimer & Co. Inc. purchased a new position in Grupo Televisa, S.A.B. in the third quarter valued at approximately $90,000. Thrivent Financial for Lutherans purchased a new position in Grupo Televisa, S.A.B. in the third quarter valued at approximately $284,000. Finally, Banco Santander S.A. lifted its position 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 buying an additional 20,999 shares in the last quarter. Institutional investors and hedge funds own 55.77% of the company’s stock.

Grupo Televisa, S.A.B. Trading Down 5.1 %

The firm’s 50 day simple moving average is $1.87 and its 200-day simple moving average is $2.06. The company has a market capitalization of $1.09 billion, a PE ratio of -2.77 and a beta of 1.83. The company has a quick ratio of 2.41, a current ratio of 2.43 and a debt-to-equity ratio of 0.03.

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.