Grupo Televisa, S.A.B. (NYSE:TV) Stock Price Down 7% - Should You Sell?

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) traded down 7% during trading on Monday . The company traded as low as $1.94 and last traded at $1.98. 560,161 shares changed hands during trading, a decline of 63% from the average session volume of 1,524,256 shares. The stock had previously closed at $2.13.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TV shares. StockNews.com upgraded shares of Grupo Televisa, S.A.B. from a "hold" rating to a "buy" rating in a research report on Thursday. Benchmark reduced their target price on shares of Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a "buy" rating for the company in a research report on Thursday. Finally, The Goldman Sachs Group lowered their price target 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. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $5.35.

Grupo Televisa, S.A.B. Price Performance

The firm's 50 day moving average price is $2.19 and its two-hundred day moving average price is $2.55. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.31 and a quick ratio of 2.28. The stock has a market cap of $1.20 billion, a PE ratio of -3.06, a P/E/G ratio of 0.95 and a beta of 1.89.

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.04. The business had revenue of $812.55 million during the quarter, compared to analyst estimates of $828.35 million. Grupo Televisa, S.A.B. had a negative net margin of 10.88% and a negative return on equity of 5.50%. On average, research analysts expect that Grupo Televisa, S.A.B. will post 0.07 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC bought a new position in shares of Grupo Televisa, S.A.B. in the second quarter worth $29,000. Central Pacific Bank Trust Division raised its holdings in shares of Grupo Televisa, S.A.B. by 50.0% in the 3rd quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company's stock valued at $38,000 after acquiring an additional 5,000 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Grupo Televisa, S.A.B. by 824.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 14,938 shares of the company's stock valued at $50,000 after acquiring an additional 13,322 shares during the last quarter. Welch Group LLC purchased a new position in shares of Grupo Televisa, S.A.B. during the second quarter worth about $55,000. Finally, SG Americas Securities LLC grew its holdings in shares of Grupo Televisa, S.A.B. by 35.7% during the second quarter. SG Americas Securities LLC now owns 28,154 shares of the company's stock worth $78,000 after purchasing an additional 7,406 shares in the last quarter. Hedge funds and other institutional investors own 55.77% of the company's stock.

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.