Grupo Televisa SAB (NYSE:TV) dropped 5.4% during trading on Tuesday . The stock traded as low as $8.95 and last traded at $8.99. Approximately 2,403,348 shares changed hands during mid-day trading, a decline of 10% from the average daily volume of 2,675,042 shares. The stock had previously closed at $9.50.
TV has been the subject of several recent analyst reports. Zacks Investment Research raised Grupo Televisa SAB from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. JPMorgan Chase & Co. cut their price objective on Grupo Televisa SAB from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Monday, March 18th. Scotiabank raised Grupo Televisa SAB from an “underperform” rating to a “sector perform” rating and cut their price objective for the company from $14.00 to $13.00 in a report on Wednesday, January 23rd. Finally, Citigroup raised Grupo Televisa SAB from a “neutral” rating to a “buy” rating in a report on Thursday, January 31st. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Grupo Televisa SAB has an average rating of “Buy” and an average target price of $20.00.
The firm has a market cap of $5.45 billion, a P/E ratio of 16.65, a P/E/G ratio of 0.97 and a beta of 1.06. The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 1.24.
Grupo Televisa SAB (NYSE:TV) last announced its quarterly earnings results on Thursday, February 21st. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.13). Grupo Televisa SAB had a net margin of 5.79% and a return on equity of 5.60%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. On average, equities research analysts anticipate that Grupo Televisa SAB will post 0.55 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in the business. Harris Associates L P lifted its holdings in Grupo Televisa SAB by 0.4% during the 4th quarter. Harris Associates L P now owns 60,148,738 shares of the company’s stock valued at $756,671,000 after purchasing an additional 238,390 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Grupo Televisa SAB by 89.4% during the 1st quarter. Renaissance Technologies LLC now owns 8,232,525 shares of the company’s stock valued at $91,052,000 after purchasing an additional 3,885,101 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in Grupo Televisa SAB by 3.7% during the 1st quarter. Macquarie Group Ltd. now owns 6,676,901 shares of the company’s stock valued at $73,846,000 after purchasing an additional 235,575 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Grupo Televisa SAB by 82.8% during the 1st quarter. JPMorgan Chase & Co. now owns 5,331,603 shares of the company’s stock valued at $58,968,000 after purchasing an additional 2,414,384 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its holdings in Grupo Televisa SAB by 88.2% during the 1st quarter. Gamco Investors INC. ET AL now owns 3,931,797 shares of the company’s stock valued at $43,486,000 after purchasing an additional 1,842,163 shares during the last quarter. 50.74% of the stock is owned by institutional investors and hedge funds.
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Grupo Televisa SAB Company Profile (NYSE:TV)
Grupo Televisa, SAB. operates as a media company in the Spanish-speaking world. The company operates through four segments: Content, Sky, Cable, and Other Businesses. The Content segment produces television programming and broadcasts Channels 2, 4, 5, and 9; sells advertising time on programs; provides Internet services; and produces television programming and broadcasting for local television stations in Mexico and the United States.
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