Grupo Televisa, S.A.B. (NYSE:TV) Trading Down 6.7% – What’s Next?

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 trading, a decline of 49% from the average session volume of 1,569,849 shares. The stock had previously closed at $2.40.

Analyst Upgrades and Downgrades

Several research firms have commented on TV. Benchmark cut 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 report on Thursday, October 24th. The Goldman Sachs Group lowered 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 note on Monday, August 5th. Finally, StockNews.com upgraded Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Grupo Televisa, S.A.B. presently has an average rating of “Moderate Buy” and a consensus target price of $5.35.

Grupo Televisa, S.A.B. Stock Up 0.7 %

The business has a 50 day simple moving average of $2.29 and a two-hundred day simple moving average of $2.51. The company has a current ratio of 2.43, a quick ratio of 2.41 and a debt-to-equity ratio of 0.03.

Grupo Televisa, S.A.B. (NYSE:TV) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.07 earnings per share for the quarter, beating 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 firm had revenue of $812.55 million during the quarter, compared to analyst estimates of $828.35 million. Equities analysts expect 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 added to or reduced their stakes in the business. Discovery Capital Management LLC CT grew its holdings in shares of Grupo Televisa, S.A.B. by 6.2% in the 2nd quarter. Discovery Capital Management LLC CT now owns 16,944,935 shares of the company’s stock worth $46,937,000 after acquiring an additional 993,295 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in shares of Grupo Televisa, S.A.B. by 25.7% in the first quarter. Gamco Investors INC. ET AL now owns 14,618,608 shares of the company’s stock worth $46,780,000 after buying an additional 2,984,705 shares during the last quarter. Gabelli Funds LLC increased its stake in shares of Grupo Televisa, S.A.B. by 0.3% in the second quarter. Gabelli Funds LLC now owns 7,061,624 shares of the company’s stock worth $19,561,000 after purchasing an additional 19,024 shares during the period. American Century Companies Inc. increased its stake in shares of Grupo Televisa, S.A.B. by 12.2% in the second quarter. American Century Companies Inc. now owns 841,994 shares of the company’s stock worth $2,332,000 after purchasing an additional 91,237 shares during the period. Finally, Robeco Institutional Asset Management B.V. bought a new position in Grupo Televisa, S.A.B. during the third quarter valued at about $1,463,000. 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.