Grupo Televisa, S.A.B. (NYSE:TV) Shares Gap Down – Time to Sell?

Grupo Televisa, S.A.B. (NYSE:TV) shares gapped down prior to trading 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 traded.

Analysts Set New Price Targets

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

Grupo Televisa, S.A.B. Price Performance

The business’s 50-day simple moving average is $2.22 and its 200-day simple moving average is $2.34. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 2.41.

Grupo Televisa, S.A.B. (NYSE:TV) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.04. Grupo Televisa, S.A.B. had a negative return on equity of 5.68% and a negative net margin of 10.88%. The business had revenue of $812.55 million during the quarter, compared to analyst estimates of $828.35 million. On average, research analysts expect that Grupo Televisa, S.A.B. will post 0.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Grupo Televisa, S.A.B.

Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC lifted its stake in shares of Grupo Televisa, S.A.B. by 35.7% in the 2nd 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 last quarter. Banco Santander S.A. bought a new stake in shares of Grupo Televisa, S.A.B. during the 2nd quarter worth about $449,000. Acadian Asset Management LLC bought a new stake in shares of Grupo Televisa, S.A.B. during the 2nd quarter worth about $532,000. Ballentine Partners LLC increased its holdings in shares of Grupo Televisa, S.A.B. by 23.3% during the 2nd quarter. Ballentine Partners LLC now owns 31,381 shares of the company’s stock valued at $87,000 after acquiring an additional 5,939 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Grupo Televisa, S.A.B. by 12.2% in the 2nd quarter. American Century Companies Inc. now owns 841,994 shares of the company’s stock valued at $2,332,000 after acquiring an additional 91,237 shares in the last quarter. 55.77% of the stock is currently owned by institutional investors and hedge funds.

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.