Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report)'s share price fell 4.7% on Tuesday . The company traded as low as $3.00 and last traded at $3.01. 742,041 shares were traded during mid-day trading, a decline of 54% from the average session volume of 1,618,634 shares. The stock had previously closed at $3.16.
Analyst Ratings Changes
A number of research firms recently weighed in on TV. StockNews.com upgraded Grupo Televisa, S.A.B. from a "sell" rating to a "hold" rating in a research note on Monday, February 26th. Morgan Stanley reiterated an "equal weight" rating and set a $4.00 target price (down from $7.00) on shares of Grupo Televisa, S.A.B. in a research report on Friday, January 5th. Finally, Bank of America downgraded Grupo Televisa, S.A.B. from a "buy" rating to a "neutral" rating and set a $3.50 target price on the stock. in a research report on Monday. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $5.28.
Read Our Latest Stock Report on Grupo Televisa, S.A.B.
Grupo Televisa, S.A.B. Stock Performance
The company has a debt-to-equity ratio of 0.64, a current ratio of 1.76 and a quick ratio of 1.73. The stock has a 50-day simple moving average of $3.12 and a 200 day simple moving average of $2.96. The company has a market capitalization of $1.68 billion, a PE ratio of -2.90 and a beta of 1.77.
Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) 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). Grupo Televisa, S.A.B. had a negative net margin of 13.99% and a negative return on equity of 7.36%. The company had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.04 billion. During the same quarter in the prior year, the company earned ($1.27) earnings per share. Equities analysts anticipate that Grupo Televisa, S.A.B. will post 0.1 EPS for the current fiscal year.
Institutional Trading of Grupo Televisa, S.A.B.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Ballentine Partners LLC lifted its position in shares of Grupo Televisa, S.A.B. by 74.1% in the first quarter. Ballentine Partners LLC now owns 25,442 shares of the company's stock valued at $81,000 after acquiring an additional 10,828 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Grupo Televisa, S.A.B. by 824.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 14,938 shares of the company's stock valued at $50,000 after purchasing an additional 13,322 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Grupo Televisa, S.A.B. by 162.4% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,093,800 shares of the company's stock valued at $10,333,000 after purchasing an additional 1,914,800 shares during the last quarter. Coastal Bridge Advisors LLC increased its stake in Grupo Televisa, S.A.B. by 21.8% in the fourth quarter. Coastal Bridge Advisors LLC now owns 57,372 shares of the company's stock valued at $192,000 after purchasing an additional 10,267 shares during the last quarter. Finally, Wolverine Trading LLC acquired a new position in Grupo Televisa, S.A.B. in the fourth quarter valued at $53,000. 55.77% of the stock is currently owned by hedge funds and other institutional investors.
About Grupo Televisa, S.A.B.
(
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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.
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