Grupo Televisa, S.A.B. (NYSE:TV) Stock Price Down 7% – Should You Sell?

Grupo Televisa, S.A.B. (NYSE:TV) shares were down 7% during mid-day trading on Monday . The stock traded as low as $1.94 and last traded at $1.98. Approximately 560,161 shares changed hands during trading, a decline of 63% from the average daily volume of 1,524,256 shares. The stock had previously closed at $2.13.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on TV shares. Benchmark cut their price objective on shares of Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. The Goldman Sachs Group cut their price target on shares of Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a “buy” rating for the company in a report on Monday, August 5th. Finally, StockNews.com upgraded shares of Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $5.35.

Grupo Televisa, S.A.B. Stock Performance

The stock’s 50 day moving average price is $2.20 and its 200 day moving average price is $2.55. The company has a market capitalization of $1.37 billion, a P/E ratio of -3.49, a price-to-earnings-growth ratio of 0.95 and a beta of 1.89. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.28 and a current ratio of 2.31.

Grupo Televisa, S.A.B. (NYSE:TV) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.04. Grupo Televisa, S.A.B. had a negative return on equity of 5.50% 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. As a group, equities analysts expect that Grupo Televisa, S.A.B. will post 0.07 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of TV. Central Pacific Bank Trust Division boosted its position in shares of Grupo Televisa, S.A.B. by 50.0% during the 3rd quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company’s stock worth $38,000 after purchasing an additional 5,000 shares in the last quarter. Ballentine Partners LLC raised its holdings in Grupo Televisa, S.A.B. by 18.0% during the third 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 last quarter. SG Americas Securities LLC lifted its stake in shares of Grupo Televisa, S.A.B. by 35.7% in the second quarter. SG Americas Securities LLC now owns 28,154 shares of the company’s stock valued at $78,000 after buying an additional 7,406 shares in the last quarter. XTX Topco Ltd increased its position in shares of Grupo Televisa, S.A.B. by 19.1% during the second 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. during the second quarter worth about $29,000. Institutional investors and hedge funds 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.