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

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report)'s share price gapped down before the market opened on Friday . The stock had previously closed at $1.97, but opened at $1.92. Grupo Televisa, S.A.B. shares last traded at $1.95, with a volume of 44,413 shares.

Analysts Set New Price Targets

Several research firms recently issued reports on TV. JPMorgan Chase & Co. cut shares of Grupo Televisa, S.A.B. from an "overweight" rating to a "neutral" rating in a report on Thursday, November 14th. The Goldman Sachs Group decreased their price target on Grupo Televisa, S.A.B. from $2.90 to $2.50 and set a "buy" rating on the stock in a research note on Friday, November 15th. StockNews.com downgraded Grupo Televisa, S.A.B. from a "buy" rating to a "hold" rating in a report on Thursday, November 28th. Finally, Benchmark lowered 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 note on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $5.25.

Grupo Televisa, S.A.B. Price Performance

The company has a market cap of $1.09 billion, a price-to-earnings ratio of -2.77, a price-to-earnings-growth ratio of 0.55 and a beta of 1.81. The company has a fifty day simple moving average of $2.21 and a two-hundred day simple moving average of $2.33. The company has a quick ratio of 2.41, a current ratio of 2.43 and a debt-to-equity ratio of 0.03.

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) last posted its earnings results on Thursday, October 24th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.04. The firm had revenue of $812.55 million during 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%. On average, equities research analysts anticipate that Grupo Televisa, S.A.B. will post 0.11 earnings per share for the current fiscal year.

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

Several institutional investors and hedge funds have recently made changes to their positions in TV. Sanctuary Advisors LLC acquired a new position in shares of Grupo Televisa, S.A.B. in the second quarter valued at approximately $29,000. Central Pacific Bank Trust Division boosted its holdings in shares of Grupo Televisa, S.A.B. by 50.0% during the third quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company's stock worth $38,000 after purchasing an additional 5,000 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Grupo Televisa, S.A.B. by 35.7% in the second quarter. SG Americas Securities LLC now owns 28,154 shares of the company's stock valued at $78,000 after purchasing an additional 7,406 shares during the period. Ballentine Partners LLC increased its stake in Grupo Televisa, S.A.B. by 23.3% in the second quarter. Ballentine Partners LLC now owns 31,381 shares of the company's stock valued at $87,000 after purchasing an additional 5,939 shares during the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new position in Grupo Televisa, S.A.B. during the third quarter worth about $90,000. 55.77% of the stock is currently owned by hedge funds and other 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.