Grupo Televisa, S.A.B. (NYSE:TV) Shares Down 4.5% – Here’s Why

Grupo Televisa, S.A.B. (NYSE:TV)’s share price traded down 4.5% on Monday . The company traded as low as $2.33 and last traded at $2.33. 426,657 shares were traded during mid-day trading, a decline of 72% from the average session volume of 1,529,854 shares. The stock had previously closed at $2.44.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. The Goldman Sachs Group decreased their price objective on shares of Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a “buy” rating for the company in a research report on Monday, August 5th. StockNews.com downgraded shares of Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research report on Monday, September 30th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $5.60.

Grupo Televisa, S.A.B. Price Performance

The company has a debt-to-equity ratio of 0.04, a current ratio of 2.31 and a quick ratio of 2.28. The stock has a 50 day moving average price of $2.13 and a 200-day moving average price of $2.63. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of -2.77, a price-to-earnings-growth ratio of 1.09 and a beta of 1.89.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Gabelli Funds LLC grew its stake in 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 purchasing an additional 914,500 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Grupo Televisa, S.A.B. by 824.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 14,938 shares of the company’s stock worth $50,000 after acquiring an additional 13,322 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of Grupo Televisa, S.A.B. during the 1st quarter worth about $39,000. Ballentine Partners LLC boosted its position in shares of Grupo Televisa, S.A.B. by 74.1% during the 1st quarter. Ballentine Partners LLC now owns 25,442 shares of the company’s stock worth $81,000 after acquiring an additional 10,828 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position 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 in the last quarter. Hedge funds and other 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.