Grupo Televisa, S.A.B. (NYSE:TV) Stock Price Down 4.8% - Here's What Happened

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report)'s share price dropped 4.8% on Tuesday . The stock traded as low as $1.90 and last traded at $1.91. Approximately 496,724 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 1,818,726 shares. The stock had previously closed at $2.00.

Analyst Ratings Changes

Several equities analysts have recently commented on TV shares. Benchmark restated a "buy" rating and issued a $7.00 price objective (down from $8.00) on shares of Grupo Televisa, S.A.B. in a research report on Wednesday, March 5th. The Goldman Sachs Group cut their price objective on shares of Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a "buy" rating for the company in a report on Tuesday, January 28th.

Grupo Televisa, S.A.B. Price 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 firm has a fifty day simple moving average of $1.83 and a two-hundred day simple moving average of $1.95. The firm has a market cap of $1.04 billion, a PE ratio of -2.58 and a beta of 1.70.

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.90) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.91). Grupo Televisa, S.A.B. had a negative net margin of 11.69% and a negative return on equity of 5.73%. The business had revenue of $758.58 million for the quarter, compared to analysts' expectations of $15.49 billion. Equities analysts predict that Grupo Televisa, S.A.B. will post -0.07 EPS for the current fiscal year.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PEAK6 LLC bought a new stake in Grupo Televisa, S.A.B. in the fourth quarter worth $41,000. Central Pacific Bank Trust Division boosted its stake in shares of Grupo Televisa, S.A.B. by 66.7% during the 4th quarter. Central Pacific Bank Trust Division now owns 25,000 shares of the company's stock worth $42,000 after purchasing an additional 10,000 shares during the period. Russell Investments Group Ltd. bought a new position in Grupo Televisa, S.A.B. during the 4th quarter valued at about $47,000. Tower Research Capital LLC TRC raised its position in Grupo Televisa, S.A.B. by 3,312.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 31,053 shares of the company's stock worth $52,000 after purchasing an additional 30,143 shares during the period. Finally, Employees Retirement System of Texas bought a new stake in Grupo Televisa, S.A.B. in the fourth quarter worth about $84,000. 55.77% of the stock is currently owned by hedge funds and other institutional investors.

About Grupo Televisa, S.A.B.

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.

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