Grupo Televisa, S.A.B. (NYSE:TV) Announces Quarterly Earnings Results

Grupo Televisa, S.A.B. (NYSE:TV) issued its earnings results on Thursday. The company reported ($0.90) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.91), Zacks reports. Grupo Televisa, S.A.B. had a negative net margin of 11.69% and a negative return on equity of 5.73%. The firm had revenue of $758.58 million during the quarter, compared to the consensus estimate of $15.49 billion.

Grupo Televisa, S.A.B. Trading Down 6.2 %

Shares of TV stock opened at $1.94 on Friday. The firm has a fifty day moving average of $1.87 and a 200-day moving average of $2.06. 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. has a 12-month low of $1.66 and a 12-month high of $3.62.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TV shares. The Goldman Sachs Group lowered their target price on shares of Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a “buy” rating for the company in a research note on Tuesday, January 28th. Benchmark reaffirmed a “buy” rating and issued a $8.00 target price on shares of Grupo Televisa, S.A.B. in a research note on Tuesday, February 11th. StockNews.com downgraded shares of Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research report 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 report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $4.57.

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.