Grupo Televisa, S.A.B. (NYSE:TV) Shares Gap Down – Time to Sell?

Grupo Televisa, S.A.B. (NYSE:TV) gapped down prior to trading 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 traded.

Analyst Upgrades and Downgrades

TV has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research note on Thursday. The Goldman Sachs Group dropped their price objective on Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a “buy” rating for the company in a research note on Monday, August 5th. Benchmark dropped their price objective on Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Finally, StockNews.com raised Grupo Televisa, S.A.B. from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Grupo Televisa, S.A.B. currently has an average rating of “Moderate Buy” and a consensus target price of $5.35.

Grupo Televisa, S.A.B. Price Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 2.41. The company has a market capitalization of $1.21 billion, a PE ratio of -3.06, a P/E/G ratio of 0.97 and a beta of 1.88. The business has a 50-day moving average of $2.29 and a 200 day moving average of $2.51.

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

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

A number of hedge funds have recently made changes to their positions in TV. Gamco Investors INC. ET AL lifted its position in shares of Grupo Televisa, S.A.B. by 25.7% in the first quarter. Gamco Investors INC. ET AL now owns 14,618,608 shares of the company’s stock worth $46,780,000 after buying an additional 2,984,705 shares in the last quarter. Discovery Capital Management LLC CT raised its position in Grupo Televisa, S.A.B. by 6.2% during the second quarter. Discovery Capital Management LLC CT now owns 16,944,935 shares of the company’s stock valued at $46,937,000 after purchasing an additional 993,295 shares during the period. Gabelli Funds LLC raised its position in Grupo Televisa, S.A.B. by 14.9% during the first quarter. Gabelli Funds LLC now owns 7,042,600 shares of the company’s stock valued at $22,536,000 after purchasing an additional 914,500 shares during the period. Robeco Institutional Asset Management B.V. purchased a new stake in Grupo Televisa, S.A.B. during the third quarter valued at approximately $1,463,000. Finally, BNP Paribas Financial Markets raised its position in Grupo Televisa, S.A.B. by 1,005,403.7% during the third quarter. BNP Paribas Financial Markets now owns 271,486 shares of the company’s stock valued at $695,000 after purchasing an additional 271,459 shares during the period. 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., 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.