Grupo Televisa, S.A.B. (NYSE:TV) Hits New 52-Week Low – Here’s Why

Grupo Televisa, S.A.B. (NYSE:TV) hit a new 52-week low during trading on Monday . The stock traded as low as $1.69 and last traded at $1.69, with a volume of 2103939 shares traded. The stock had previously closed at $1.77.

Wall Street Analysts Forecast Growth

TV has been the subject of a number of recent research reports. JPMorgan Chase & Co. downgraded Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 14th. The Goldman Sachs Group reduced their target price on shares of Grupo Televisa, S.A.B. from $2.90 to $2.50 and set a “buy” rating on the stock in a report on Friday, November 15th. StockNews.com downgraded shares of Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Finally, Benchmark reduced their price objective on Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Grupo Televisa, S.A.B. currently has an average rating of “Hold” and a consensus target price of $5.25.

Grupo Televisa, S.A.B. Stock Down 4.5 %

The company’s fifty day simple moving average is $2.09 and its 200 day simple moving average is $2.23. The company has a quick ratio of 2.41, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $935.92 million, a PE ratio of -2.38, a price-to-earnings-growth ratio of 0.56 and a beta of 1.81.

Grupo Televisa, S.A.B. (NYSE:TV) last announced its earnings results on Thursday, October 24th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. Grupo Televisa, S.A.B. had a negative net margin of 10.88% and a negative return on equity of 5.68%. The firm had revenue of $812.55 million for the quarter, compared to analysts’ expectations of $828.35 million. Analysts anticipate that Grupo Televisa, S.A.B. will post 0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TV. Discovery Capital Management LLC CT boosted its position in shares of 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 buying an additional 993,295 shares during the last quarter. Gabelli Funds LLC lifted its stake in Grupo Televisa, S.A.B. by 0.3% during the 2nd quarter. Gabelli Funds LLC now owns 7,061,624 shares of the company’s stock valued at $19,561,000 after acquiring an additional 19,024 shares during the period. American Century Companies Inc. boosted its holdings in shares of Grupo Televisa, S.A.B. by 12.2% during the 2nd quarter. American Century Companies Inc. now owns 841,994 shares of the company’s stock valued at $2,332,000 after acquiring an additional 91,237 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in shares of Grupo Televisa, S.A.B. in the third quarter worth approximately $1,463,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of 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 last quarter. Institutional investors own 55.77% of the company’s stock.

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.