Grupo Televisa, S.A.B. (NYSE:TV) Reaches New 52-Week Low - Time to Sell?

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TV. Benchmark cut their price target 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 cut their target price on 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 cut Grupo Televisa, S.A.B. from a "buy" rating to a "hold" rating in a research note on Thursday, November 28th. Finally, 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. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $5.25.

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

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 firm's fifty day moving average is $2.09 and its 200-day moving average is $2.23. The firm has a market cap of $935.92 million, a price-to-earnings 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 - Get Free Report) last released its earnings results on Thursday, October 24th. The company reported $0.07 EPS for the quarter, topping the consensus estimate 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 business had revenue of $812.55 million during the quarter, compared to analysts' expectations of $828.35 million. Equities analysts anticipate that Grupo Televisa, S.A.B. will post 0.11 earnings per share for the current year.

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

A number of large investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC bought a new position in shares of Grupo Televisa, S.A.B. during the 2nd quarter worth about $29,000. Central Pacific Bank Trust Division raised its stake in 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 worth $38,000 after buying an additional 5,000 shares during the period. Ballentine Partners LLC raised its stake in Grupo Televisa, S.A.B. by 23.3% during the 2nd quarter. Ballentine Partners LLC now owns 31,381 shares of the company's stock worth $87,000 after buying an additional 5,939 shares during the period. Oppenheimer & Co. Inc. bought a new position in Grupo Televisa, S.A.B. in the third quarter worth approximately $90,000. Finally, PEAK6 Investments LLC acquired a new stake in Grupo Televisa, S.A.B. in the third quarter valued at approximately $119,000. 55.77% of the stock is currently owned by institutional investors and hedge funds.

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.