Grupo Televisa, S.A.B. (NYSE:TV) Hits New 52-Week Low - Should You Sell?

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $1.55 and last traded at $1.72, with a volume of 2739945 shares trading hands. The stock had previously closed at $1.60.

Analyst Ratings Changes

Several brokerages have weighed in on TV. Benchmark restated a "buy" rating and set a $7.00 target price (down from $8.00) on shares of Grupo Televisa, S.A.B. in a research report on Wednesday, March 5th. The Goldman Sachs Group cut their price objective on Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a "buy" rating for the company in a research report on Tuesday, January 28th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $4.23.

Grupo Televisa, S.A.B. Trading Up 0.3 %

The company has a market cap of $955.31 million, a PE ratio of -2.36 and a beta of 1.70. The business has a 50 day simple moving average of $1.87 and a two-hundred day simple moving average of $2.00. The company has a current ratio of 2.43, a quick ratio of 2.41 and a debt-to-equity ratio of 0.03.

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.90) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.91). Grupo Televisa, S.A.B. had a negative net margin of 11.69% and a negative return on equity of 5.73%. The company had revenue of $758.58 million for the quarter, compared to analyst estimates of $15.49 billion. On average, analysts forecast that Grupo Televisa, S.A.B. will post -0.07 EPS for the current fiscal year.

Institutional Trading of Grupo Televisa, S.A.B.

A number of institutional investors and hedge funds have recently made changes to their positions in TV. B. Riley Wealth Advisors Inc. purchased a new position in shares of Grupo Televisa, S.A.B. in the 3rd quarter worth about $123,000. Central Pacific Bank Trust Division raised its holdings in Grupo Televisa, S.A.B. by 66.7% in the fourth quarter. Central Pacific Bank Trust Division now owns 25,000 shares of the company's stock valued at $42,000 after buying an additional 10,000 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in Grupo Televisa, S.A.B. by 245.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,976,394 shares of the company's stock valued at $3,320,000 after buying an additional 1,404,933 shares in the last quarter. GFS Advisors LLC purchased a new stake in Grupo Televisa, S.A.B. during the fourth quarter worth approximately $3,600,000. Finally, Banco Santander S.A. increased its position in shares of Grupo Televisa, S.A.B. by 73.6% in the fourth quarter. Banco Santander S.A. now owns 317,620 shares of the company's stock worth $534,000 after acquiring an additional 134,621 shares in the last quarter. 55.77% of the stock is currently owned by institutional investors and hedge funds.

Grupo Televisa, S.A.B. Company Profile

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.