Grupo Televisa, S.A.B. (NYSE:TV) Shares Down 4.7% – Time to Sell?

Grupo Televisa, S.A.B. (NYSE:TV) fell 4.7% during mid-day trading on Tuesday . The company traded as low as $2.00 and last traded at $2.02. 1,765,228 shares changed hands during trading, an increase of 12% from the average session volume of 1,578,468 shares. The stock had previously closed at $2.12.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TV shares. StockNews.com upgraded shares of Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th. Benchmark lowered their target price on 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. The Goldman Sachs Group cut their price target on Grupo Televisa, S.A.B. from $2.90 to $2.50 and set a “buy” rating for the company in a report on Friday. Finally, JPMorgan Chase & Co. downgraded Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 14th. Three 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, Grupo Televisa, S.A.B. presently has a consensus rating of “Moderate Buy” and an average target price of $5.25.

Grupo Televisa, S.A.B. Stock Performance

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 business’s 50-day moving average is $2.31 and its 200 day moving average is $2.48.

Grupo Televisa, S.A.B. (NYSE:TV) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.04. Grupo Televisa, S.A.B. had a negative net margin of 10.88% and a negative return on equity of 5.68%. The firm had revenue of $812.55 million during the quarter, compared to analysts’ expectations of $828.35 million. As a group, equities analysts forecast 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.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Central Pacific Bank Trust Division boosted its position 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 acquiring an additional 5,000 shares during the last quarter. Ballentine Partners LLC increased its stake in Grupo Televisa, S.A.B. by 18.0% in the 3rd quarter. Ballentine Partners LLC now owns 37,039 shares of the company’s stock worth $95,000 after buying an additional 5,658 shares during the period. SG Americas Securities LLC grew its holdings in 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. XTX Topco Ltd grew its holdings in Grupo Televisa, S.A.B. by 19.1% during the 2nd quarter. XTX Topco Ltd now owns 60,454 shares of the company’s stock worth $167,000 after acquiring an additional 9,684 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of Grupo Televisa, S.A.B. in the 2nd quarter valued at about $29,000. 55.77% of the stock is 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.