Grupo Televisa, S.A.B. (NYSE:TV) Trading Down 4.7%

Grupo Televisa, S.A.B. (NYSE:TV) dropped 4.7% during trading on Tuesday . The stock traded as low as $3.00 and last traded at $3.01. Approximately 742,041 shares changed hands during trading, a decline of 54% from the average daily volume of 1,618,634 shares. The stock had previously closed at $3.16.

Analysts Set New Price Targets

TV has been the topic of several recent analyst reports. Morgan Stanley reissued an “equal weight” rating and issued a $4.00 target price (down previously from $7.00) on shares of Grupo Televisa, S.A.B. in a research note on Friday, January 5th. StockNews.com raised shares of Grupo Televisa, S.A.B. from a “sell” rating to a “hold” rating in a research report on Monday, February 26th. Finally, Bank of America lowered Grupo Televisa, S.A.B. from a “buy” rating to a “neutral” rating and set a $3.50 target price for the company. in a research report on Monday. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Grupo Televisa, S.A.B. has an average rating of “Hold” and an average price target of $5.28.

Grupo Televisa, S.A.B. Trading Down 1.7 %

The firm has a market capitalization of $1.58 billion, a P/E ratio of -2.71 and a beta of 1.77. The stock has a 50-day simple moving average of $3.11 and a two-hundred day simple moving average of $2.96. The company has a current ratio of 1.76, a quick ratio of 1.73 and a debt-to-equity ratio of 0.64.

Grupo Televisa, S.A.B. (NYSE:TV) last issued its quarterly earnings data on Thursday, February 22nd. The company reported ($0.88) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.87). The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Grupo Televisa, S.A.B. had a negative net margin of 13.99% and a negative return on equity of 7.36%. During the same period in the previous year, the business earned ($1.27) earnings per share. On average, equities research analysts anticipate that Grupo Televisa, S.A.B. will post 0.05 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC raised its holdings in shares of Grupo Televisa, S.A.B. by 273.0% in the first quarter. AQR Capital Management LLC now owns 9,265,838 shares of the company’s stock worth $49,016,000 after buying an additional 6,781,893 shares during the last quarter. Levin Capital Strategies L.P. raised its position in Grupo Televisa, S.A.B. by 191.4% during the 3rd quarter. Levin Capital Strategies L.P. now owns 5,097,894 shares of the company’s stock worth $15,549,000 after buying an additional 3,348,431 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Grupo Televisa, S.A.B. by 162.4% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,093,800 shares of the company’s stock worth $10,333,000 after acquiring an additional 1,914,800 shares during the period. Gamco Investors INC. ET AL increased its stake in shares of Grupo Televisa, S.A.B. by 18.8% during the fourth quarter. Gamco Investors INC. ET AL now owns 11,633,903 shares of the company’s stock worth $38,857,000 after acquiring an additional 1,838,425 shares during the period. Finally, Marshall Wace LLP raised its holdings in Grupo Televisa, S.A.B. by 232.1% during the fourth quarter. Marshall Wace LLP now owns 2,439,107 shares of the company’s stock worth $11,122,000 after purchasing an additional 1,704,594 shares in the last quarter. 55.77% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Televisa, S.A.B. Company Profile

Grupo Televisa, SAB. operates as a media company in the Spanish-speaking Mexico and internationally. 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 services, as well as sales 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.