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

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $2.18, but opened at $2.11. Grupo Televisa, S.A.B. shares last traded at $2.17, with a volume of 202,627 shares changing hands.

Analysts Set New Price Targets

TV has been the topic of several research reports. The Goldman Sachs Group dropped their target price on shares of Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a "buy" rating on the stock in a report on Monday, August 5th. StockNews.com upgraded shares of Grupo Televisa, S.A.B. from a "hold" rating to a "buy" rating in a report on Thursday, October 24th. JPMorgan Chase & Co. cut shares of Grupo Televisa, S.A.B. from an "overweight" rating to a "neutral" rating in a report on Thursday. Finally, Benchmark decreased 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 research report on Thursday, October 24th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $5.35.

Grupo Televisa, S.A.B. Stock Up 0.9 %

The stock has a market capitalization of $1.22 billion, a P/E ratio of -3.10, a P/E/G ratio of 0.97 and a beta of 1.88. The company's 50-day moving average price is $2.30 and its 200 day moving average price is $2.50. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.41 and a current ratio of 2.43.

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.03 by $0.04. The firm had revenue of $812.55 million for the quarter, compared to the consensus estimate of $828.35 million. Grupo Televisa, S.A.B. had a negative net margin of 10.88% and a negative return on equity of 5.68%. As a group, equities analysts expect that Grupo Televisa, S.A.B. will post 0.07 earnings per share for the current year.

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

A number of institutional investors and hedge funds have recently bought and sold shares of TV. Gamco Investors INC. ET AL grew its stake in shares of Grupo Televisa, S.A.B. by 25.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 14,618,608 shares of the company's stock worth $46,780,000 after buying an additional 2,984,705 shares in the last quarter. Discovery Capital Management LLC CT grew its stake in shares of Grupo Televisa, S.A.B. by 6.2% in the 2nd quarter. Discovery Capital Management LLC CT now owns 16,944,935 shares of the company's stock worth $46,937,000 after buying an additional 993,295 shares in the last quarter. Gabelli Funds LLC grew its stake in shares of Grupo Televisa, S.A.B. by 14.9% in the 1st quarter. Gabelli Funds LLC now owns 7,042,600 shares of the company's stock worth $22,536,000 after buying an additional 914,500 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in shares of Grupo Televisa, S.A.B. in the 3rd quarter worth $1,463,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Grupo Televisa, S.A.B. by 1,005,403.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 271,486 shares of the company's stock worth $695,000 after buying an additional 271,459 shares in the last quarter. 55.77% of the stock is currently owned by institutional investors.

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.