Grupo Televisa, S.A.B. (NYSE:TV) Stock Price Down 4.8% - Time to Sell?

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report)'s stock price dropped 4.8% during trading 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.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TV. Benchmark reiterated 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 note on Wednesday, March 5th. The Goldman Sachs Group decreased their price objective on Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a "buy" rating for the company in a research note on Tuesday, January 28th.

Grupo Televisa, S.A.B. Price Performance

The firm has a market capitalization of $977.46 million, a price-to-earnings ratio of -2.42 and a beta of 1.70. The stock's fifty day moving average price is $1.81 and its two-hundred day moving average price is $1.94. The company has a current ratio of 2.43, a quick ratio of 2.41 and a debt-to-equity ratio of 0.03.

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of ($0.06) by $0.09. The company had revenue of $763.42 million for the quarter, compared to analysts' expectations of $15.33 billion. Grupo Televisa, S.A.B. had a negative return on equity of 5.73% and a negative net margin of 11.69%. Equities research analysts expect that Grupo Televisa, S.A.B. will post -0.07 EPS for the current year.

Hedge Funds Weigh In On Grupo Televisa, S.A.B.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC lifted its position in shares of Grupo Televisa, S.A.B. by 72.7% during the 1st quarter. Signaturefd LLC now owns 16,085 shares of the company's stock worth $28,000 after buying an additional 6,770 shares during the last quarter. PEAK6 LLC acquired a new stake in Grupo Televisa, S.A.B. during the 4th quarter worth $41,000. Central Pacific Bank Trust Division lifted its position in Grupo Televisa, S.A.B. by 66.7% in the fourth quarter. Central Pacific Bank Trust Division now owns 25,000 shares of the company's stock valued at $42,000 after acquiring an additional 10,000 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in Grupo Televisa, S.A.B. in the fourth quarter valued at $47,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Grupo Televisa, S.A.B. by 3,312.4% during the fourth 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 last quarter. 55.77% of the stock is owned by institutional investors and hedge funds.

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.