Grupo Televisa SAB (TV) Stock Price Down 5.4%

Share on StockTwits

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.

ILLEGAL ACTIVITY NOTICE: “Grupo Televisa SAB (TV) Stock Price Down 5.4%” was reported by Highlight Press and is owned by of Highlight Press. If you are accessing this story on another site, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this story can be viewed at https://highlightpress.com/2019/05/21/grupo-televisa-sab-tv-stock-price-down-5-4.html.

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.

Read More: Understanding Options Trading

Receive News & Ratings for Grupo Televisa SAB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Televisa SAB and related companies with MarketBeat.com's FREE daily email newsletter.