Grupo Televisa, S.A.B. (NYSE:TV) Hits New 12-Month Low – Here’s Why

Shares of Grupo Televisa, S.A.B. (NYSE:TV) hit a new 52-week low during trading on Friday . The stock traded as low as $1.63 and last traded at $1.64, with a volume of 543096 shares traded. The stock had previously closed at $1.75.

Wall Street Analysts Forecast Growth

TV has been the topic of a number of recent analyst reports. The Goldman Sachs Group cut their price target 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 note on Tuesday, January 28th. Benchmark reiterated a “buy” rating and issued a $7.00 target price (down previously from $8.00) on shares of Grupo Televisa, S.A.B. in a report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $4.23.

Grupo Televisa, S.A.B. Stock Down 4.6 %

The firm’s 50-day moving average price is $1.90 and its 200-day moving average price is $2.03. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 2.41. The company has a market cap of $924.85 million, a price-to-earnings ratio of -2.29 and a beta of 1.84.

Grupo Televisa, S.A.B. (NYSE:TV) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($0.90) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.91). Grupo Televisa, S.A.B. had a negative net margin of 11.69% and a negative return on equity of 5.73%. The company had revenue of $758.58 million during the quarter, compared to analyst estimates of $15.49 billion. Sell-side analysts forecast that Grupo Televisa, S.A.B. will post -0.07 earnings per share for the current fiscal year.

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

Several hedge funds have recently modified their holdings of the stock. PEAK6 LLC purchased a new position in Grupo Televisa, S.A.B. in the 4th quarter worth approximately $41,000. Central Pacific Bank Trust Division lifted its position in shares of Grupo Televisa, S.A.B. by 66.7% during the fourth quarter. Central Pacific Bank Trust Division now owns 25,000 shares of the company’s stock worth $42,000 after purchasing an additional 10,000 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Grupo Televisa, S.A.B. in the fourth quarter valued at $47,000. Tower Research Capital LLC TRC grew its holdings in Grupo Televisa, S.A.B. by 3,312.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 31,053 shares of the company’s stock valued at $52,000 after purchasing an additional 30,143 shares in the last quarter. Finally, Employees Retirement System of Texas purchased a new stake in Grupo Televisa, S.A.B. during the 4th quarter worth $84,000. 55.77% of the stock is currently owned by hedge funds and other institutional investors.

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.