Grupo Televisa, S.A.B. (NYSE:TV) Shares Gap Down Following Weak Earnings

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) gapped down prior to trading on Friday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $2.07, but opened at $2.01. Grupo Televisa, S.A.B. shares last traded at $1.96, with a volume of 502,373 shares traded.

The company reported ($0.90) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.91). The business had revenue of $758.58 million during the quarter, compared to analyst estimates of $15.49 billion. Grupo Televisa, S.A.B. had a negative net margin of 11.69% and a negative return on equity of 5.73%.

Analyst Upgrades and Downgrades

TV has been the topic of a number of recent research reports. The Goldman Sachs Group reduced their target price on Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a "buy" rating on the stock in a research note on Tuesday, January 28th. Benchmark reissued a "buy" rating and issued a $8.00 price target on shares of Grupo Televisa, S.A.B. in a report on Tuesday, February 11th. StockNews.com lowered 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 shares of Grupo Televisa, S.A.B. from an "overweight" rating to a "neutral" rating in a research note on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $4.57.

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Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TV. Ballentine Partners LLC grew its position in shares of Grupo Televisa, S.A.B. by 18.0% in the third quarter. Ballentine Partners LLC now owns 37,039 shares of the company's stock valued at $95,000 after purchasing an additional 5,658 shares during the period. Robeco Institutional Asset Management B.V. acquired a new stake in Grupo Televisa, S.A.B. in the 3rd quarter worth about $1,463,000. Oppenheimer & Co. Inc. purchased a new stake in Grupo Televisa, S.A.B. in the 3rd quarter valued at about $90,000. Thrivent Financial for Lutherans acquired a new position in shares of Grupo Televisa, S.A.B. during the 3rd quarter valued at about $284,000. Finally, Banco Santander S.A. increased its stake in shares of Grupo Televisa, S.A.B. by 13.0% during the 3rd quarter. Banco Santander S.A. now owns 182,999 shares of the company's stock valued at $468,000 after acquiring an additional 20,999 shares during the last quarter. 55.77% of the stock is currently owned by institutional investors and hedge funds.

Grupo Televisa, S.A.B. Stock Performance

The company's fifty day moving average price is $1.87 and its two-hundred day moving average price is $2.06. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.41 and a current ratio of 2.43. The firm has a market capitalization of $1.09 billion, a PE ratio of -2.69 and a beta of 1.83.

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.