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

Grupo Televisa, S.A.B. (NYSE:TV) gapped down before the market opened 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.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TV shares. JPMorgan Chase & Co. lowered shares of Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a report on Thursday. Benchmark reduced their price target on shares of 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. StockNews.com upgraded shares of Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. Finally, The Goldman Sachs Group cut their target price on Grupo Televisa, S.A.B. from $2.90 to $2.50 and set a “buy” rating on the stock in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $5.25.

Grupo Televisa, S.A.B. Stock Down 3.6 %

The firm has a market cap of $1.17 billion, a PE ratio of -2.99, a price-to-earnings-growth ratio of 0.98 and a beta of 1.88. 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 business has a 50-day moving average price of $2.31 and a two-hundred day moving average price of $2.50.

Grupo Televisa, S.A.B. (NYSE:TV) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.04. The business had revenue of $812.55 million during the quarter, compared to analysts’ expectations 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, equities research analysts expect that Grupo Televisa, S.A.B. will post 0.07 EPS for the current year.

Hedge Funds Weigh In On Grupo Televisa, S.A.B.

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