Grupo Televisa, S.A.B. (NYSE:TV) Shares Gap Down – What’s Next?

Shares of Grupo Televisa, S.A.B. (NYSE:TV) gapped down before the market opened on Thursday . The stock had previously closed at $2.18, but opened at $2.11. Grupo Televisa, S.A.B. shares last traded at $2.17, with a volume of 202,627 shares.

Analyst Ratings Changes

TV has been the topic of several research analyst reports. The Goldman Sachs Group dropped their price objective 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. StockNews.com raised shares of Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. cut shares of Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research report on Thursday. Finally, Benchmark dropped their target price on shares of Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Grupo Televisa, S.A.B. currently has a consensus rating of “Moderate Buy” and an average price target of $5.25.

Grupo Televisa, S.A.B. Trading Down 3.6 %

The company has a 50 day moving average of $2.31 and a 200 day moving average of $2.50. 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 stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of -2.99, a P/E/G ratio of 0.98 and a beta of 1.88.

Grupo Televisa, S.A.B. (NYSE:TV) last issued its earnings results on Thursday, October 24th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. The business had revenue of $812.55 million during the quarter, compared to analysts’ expectations of $828.35 million. Grupo Televisa, S.A.B. had a negative net margin of 10.88% and a negative return on equity of 5.68%. On average, research analysts predict that Grupo Televisa, S.A.B. will post 0.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sanctuary Advisors LLC acquired a new position in shares of Grupo Televisa, S.A.B. during the 2nd quarter valued at about $29,000. Central Pacific Bank Trust Division boosted its holdings in Grupo Televisa, S.A.B. by 50.0% in the 3rd quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company’s stock valued at $38,000 after purchasing an additional 5,000 shares during the last quarter. Welch Group LLC purchased a new stake in shares of Grupo Televisa, S.A.B. in the 2nd quarter valued at approximately $55,000. SG Americas Securities LLC increased its holdings in shares of 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 buying an additional 7,406 shares during the last quarter. Finally, Ballentine Partners LLC raised its position in shares of Grupo Televisa, S.A.B. by 23.3% during the 2nd quarter. Ballentine Partners LLC now owns 31,381 shares of the company’s stock valued at $87,000 after buying an additional 5,939 shares during the period. 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.