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

Grupo Televisa, S.A.B. (NYSE:TV) gapped down before the market opened on Friday . The stock had previously closed at $1.97, but opened at $1.92. Grupo Televisa, S.A.B. shares last traded at $1.95, with a volume of 44,413 shares.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TV. StockNews.com downgraded shares of Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Benchmark dropped their price objective 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. JPMorgan Chase & Co. downgraded Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research note on Thursday, November 14th. Finally, The Goldman Sachs Group lowered their target price on Grupo Televisa, S.A.B. from $2.90 to $2.50 and set a “buy” rating on the stock in a report on Friday, November 15th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $5.25.

Grupo Televisa, S.A.B. Trading Down 0.3 %

The firm’s fifty day moving average price is $2.22 and its 200-day moving average price is $2.34. 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 results on Thursday, October 24th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.04. The firm had revenue of $812.55 million for the quarter, compared to analyst estimates of $828.35 million. Grupo Televisa, S.A.B. had a negative return on equity of 5.68% and a negative net margin of 10.88%. On average, research analysts expect that Grupo Televisa, S.A.B. will post 0.11 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TV. Discovery Capital Management LLC CT boosted its holdings in Grupo Televisa, S.A.B. by 6.2% during the second quarter. Discovery Capital Management LLC CT now owns 16,944,935 shares of the company’s stock valued at $46,937,000 after purchasing an additional 993,295 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new position in shares of Grupo Televisa, S.A.B. during the 3rd quarter worth approximately $1,463,000. BNP Paribas Financial Markets lifted its position in shares of Grupo Televisa, S.A.B. by 1,005,403.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 271,486 shares of the company’s stock worth $695,000 after buying an additional 271,459 shares during the period. Acadian Asset Management LLC acquired a new stake in Grupo Televisa, S.A.B. in the 2nd quarter valued at $532,000. Finally, Banco Santander S.A. bought a new stake in Grupo Televisa, S.A.B. in the second quarter valued at $449,000. 55.77% of the stock is currently owned by institutional investors and hedge funds.

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.