Grupo Televisa, S.A.B. (NYSE:TV) Trading Down 4.1% – Here’s Why

Grupo Televisa, S.A.B. (NYSE:TV) dropped 4.1% on Thursday . The stock traded as low as $2.57 and last traded at $2.57. Approximately 122,239 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 1,532,048 shares. The stock had previously closed at $2.68.

Analyst Upgrades and Downgrades

TV has been the topic of several recent analyst reports. The Goldman Sachs Group cut their price objective on shares of Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a “buy” rating on the stock in a report on Monday, August 5th. StockNews.com lowered shares of Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research note on Monday, September 30th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $5.60.

Grupo Televisa, S.A.B. Trading Up 2.0 %

The company has a quick ratio of 2.28, a current ratio of 2.31 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.44 billion, a PE ratio of -2.99, a price-to-earnings-growth ratio of 1.20 and a beta of 1.89. The stock has a 50-day moving average of $2.09 and a 200 day moving average of $2.65.

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

Hedge funds have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC purchased a new position in shares of Grupo Televisa, S.A.B. during the 2nd quarter valued at approximately $29,000. Central Pacific Bank Trust Division acquired a new stake in Grupo Televisa, S.A.B. in the first quarter valued at approximately $39,000. PNC Financial Services Group Inc. increased its position in shares of Grupo Televisa, S.A.B. by 824.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 14,938 shares of the company’s stock valued at $50,000 after buying an additional 13,322 shares in the last quarter. Welch Group LLC acquired a new position in shares of Grupo Televisa, S.A.B. during the 2nd quarter worth approximately $55,000. Finally, Ballentine Partners LLC lifted 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 valued at $81,000 after buying an additional 10,828 shares in the last quarter. 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.