Grupo Televisa, S.A.B. (NYSE:TV) Stock Price Down 4.7%

Grupo Televisa, S.A.B. (NYSE:TV) was down 4.7% during trading on Tuesday . The stock traded as low as $3.00 and last traded at $3.01. Approximately 742,041 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 1,618,634 shares. The stock had previously closed at $3.16.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TV. Morgan Stanley reissued an “equal weight” rating and issued a $4.00 price target (down previously from $7.00) on shares of Grupo Televisa, S.A.B. in a report on Friday, January 5th. StockNews.com raised shares of Grupo Televisa, S.A.B. from a “sell” rating to a “hold” rating in a report on Monday, February 26th. Finally, Bank of America cut Grupo Televisa, S.A.B. from a “buy” rating to a “neutral” rating and set a $3.50 target price on the stock. in a report on Monday. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $5.28.

Grupo Televisa, S.A.B. Stock Performance

The firm has a market cap of $1.58 billion, a P/E ratio of -2.71 and a beta of 1.77. The stock’s 50-day moving average is $3.11 and its 200 day moving average is $2.96. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.73 and a current ratio of 1.76.

Grupo Televisa, S.A.B. (NYSE:TV) last issued its quarterly earnings results on Thursday, February 22nd. The company reported ($0.88) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.87). The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. Grupo Televisa, S.A.B. had a negative net margin of 13.99% and a negative return on equity of 7.36%. During the same period in the previous year, the company posted ($1.27) EPS. On average, research analysts predict that Grupo Televisa, S.A.B. will post 0.05 earnings per share for the current year.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Gamco Investors INC. ET AL increased its position in shares of Grupo Televisa, S.A.B. by 18.8% during the fourth quarter. Gamco Investors INC. ET AL now owns 11,633,903 shares of the company’s stock valued at $38,857,000 after acquiring an additional 1,838,425 shares during the last quarter. Alua Capital Management LP lifted its stake in Grupo Televisa, S.A.B. by 4.5% in the 3rd quarter. Alua Capital Management LP now owns 10,985,011 shares of the company’s stock worth $33,504,000 after purchasing an additional 476,543 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Grupo Televisa, S.A.B. by 273.0% in the 1st quarter. AQR Capital Management LLC now owns 9,265,838 shares of the company’s stock valued at $49,016,000 after purchasing an additional 6,781,893 shares during the period. Nuveen Asset Management LLC boosted its holdings in Grupo Televisa, S.A.B. by 15.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 8,810,312 shares of the company’s stock valued at $45,197,000 after purchasing an additional 1,152,924 shares during the period. Finally, Prudential PLC grew its position in shares of Grupo Televisa, S.A.B. by 0.4% during the 4th quarter. Prudential PLC now owns 8,519,013 shares of the company’s stock valued at $28,454,000 after purchasing an additional 33,005 shares in the last quarter. 55.77% of the stock is owned by hedge funds and other institutional investors.

Grupo Televisa, S.A.B. Company Profile

Grupo Televisa, SAB. operates as a media company in the Spanish-speaking Mexico and internationally. 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 services, as well as sales 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.