Grupo Televisa, S.A.B. (NYSE:TV) Trading Down 5.8% – Here’s What Happened

Grupo Televisa, S.A.B. (NYSE:TV) shares fell 5.8% on Wednesday . The stock traded as low as $1.89 and last traded at $1.88. 1,465,529 shares traded hands during trading, a decline of 10% from the average session volume of 1,637,192 shares. The stock had previously closed at $1.99.

Analyst Ratings Changes

A number of research firms have recently weighed in on TV. The Goldman Sachs Group reduced their target price on shares of Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a “buy” rating for the company in a research 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 reaffirmed a “buy” rating and set a $7.00 price objective (down from $8.00) on shares of Grupo Televisa, S.A.B. in a report on Wednesday, March 5th. Finally, StockNews.com cut shares of Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $4.23.

Grupo Televisa, S.A.B. Stock Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.41 and a current ratio of 2.43. The company has a 50-day simple moving average of $1.92 and a two-hundred day simple moving average of $2.05. The firm has a market capitalization of $1.04 billion, a P/E ratio of -2.57 and a beta of 1.84.

Grupo Televisa, S.A.B. (NYSE:TV) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($0.90) earnings per share 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 5.73% and a negative net margin of 11.69%. The business had revenue of $758.58 million during the quarter, compared to the consensus estimate of $15.49 billion. As a group, equities analysts forecast that Grupo Televisa, S.A.B. will post -0.07 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Central Pacific Bank Trust Division grew its stake in Grupo Televisa, S.A.B. by 66.7% in the fourth quarter. Central Pacific Bank Trust Division now owns 25,000 shares of the company’s stock valued at $42,000 after purchasing an additional 10,000 shares during the last quarter. Banco Santander S.A. grew its holdings in shares of 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 worth $468,000 after buying an additional 20,999 shares in the last quarter. Northern Trust Corp raised its holdings in Grupo Televisa, S.A.B. by 57.9% in the 4th quarter. Northern Trust Corp now owns 64,512 shares of the company’s stock valued at $108,000 after acquiring an additional 23,648 shares during the last quarter. PEAK6 LLC purchased a new position in Grupo Televisa, S.A.B. during the fourth quarter worth approximately $41,000. Finally, Russell Investments Group Ltd. acquired a new position in Grupo Televisa, S.A.B. in the 4th quarter valued at about $47,000. 55.77% of the stock is currently owned by institutional investors.

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.