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

Grupo Televisa, S.A.B. (NYSE:TV) gapped down prior to trading 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 changing hands.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TV shares. The Goldman Sachs Group reduced their price objective on Grupo Televisa, S.A.B. from $2.90 to $2.50 and set a “buy” rating for the company in a research note on Friday, November 15th. StockNews.com lowered Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Benchmark cut 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 report on Thursday, October 24th. Finally, JPMorgan Chase & Co. lowered shares of Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research note on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Grupo Televisa, S.A.B. currently has an average rating of “Hold” 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 quick ratio of 2.41 and a current ratio of 2.43. The company has a 50 day simple moving average of $2.21 and a two-hundred day simple moving average of $2.32.

Grupo Televisa, S.A.B. (NYSE:TV) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $828.35 million. As a group, equities analysts forecast that Grupo Televisa, S.A.B. will post 0.11 earnings per share for the current fiscal year.

Institutional Trading of Grupo Televisa, S.A.B.

Institutional investors have recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. acquired a new stake in Grupo Televisa, S.A.B. in the third quarter valued at approximately $1,463,000. BNP Paribas Financial Markets raised its holdings 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 valued at $695,000 after purchasing an additional 271,459 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in shares of Grupo Televisa, S.A.B. in the 3rd quarter valued at $284,000. PEAK6 Investments LLC acquired a new stake in shares of Grupo Televisa, S.A.B. in the 3rd quarter valued at $119,000. Finally, SG Americas Securities LLC boosted its holdings in 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 worth $78,000 after purchasing an additional 7,406 shares in the last quarter. Institutional investors and hedge funds own 55.77% of the company’s stock.

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.