Grupo Televisa, S.A.B. (NYSE:TV) Shares Gap Down – Here’s What Happened

Grupo Televisa, S.A.B. (NYSE:TV)’s share price gapped down prior to trading on Friday . The stock had previously closed at $1.97, but opened at $1.92. Grupo Televisa, S.A.B. shares last traded at $1.95, with a volume of 44,413 shares traded.

Analyst Ratings Changes

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

Grupo Televisa, S.A.B. Stock 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’s 50-day moving average is $2.21 and its two-hundred day moving average is $2.32.

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

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

Several institutional investors have recently bought and sold shares of TV. Central Pacific Bank Trust Division increased its position in shares of Grupo Televisa, S.A.B. by 50.0% during the 3rd quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company’s stock valued at $38,000 after purchasing an additional 5,000 shares during the period. Ballentine Partners LLC grew its holdings in Grupo Televisa, S.A.B. by 18.0% during the third quarter. Ballentine Partners LLC now owns 37,039 shares of the company’s stock worth $95,000 after acquiring an additional 5,658 shares during the period. SG Americas Securities LLC raised its position in Grupo Televisa, S.A.B. by 35.7% in the second quarter. SG Americas Securities LLC now owns 28,154 shares of the company’s stock worth $78,000 after acquiring an additional 7,406 shares in the last quarter. XTX Topco Ltd raised its position in Grupo Televisa, S.A.B. by 19.1% in the second quarter. XTX Topco Ltd now owns 60,454 shares of the company’s stock worth $167,000 after acquiring an additional 9,684 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Grupo Televisa, S.A.B. in the 2nd quarter valued at about $29,000. Institutional investors and hedge funds 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.