Grupo Televisa, S.A.B. (NYSE:TV) Hits New 1-Year Low – Should You Sell?

Grupo Televisa, S.A.B. (NYSE:TV) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $1.63 and last traded at $1.64, with a volume of 543096 shares changing hands. The stock had previously closed at $1.75.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TV shares. The Goldman Sachs Group reduced their target price on 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 reiterated a “buy” rating and set a $7.00 price objective (down from $8.00) on shares of Grupo Televisa, S.A.B. in a research note on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Grupo Televisa, S.A.B. presently has a consensus rating of “Hold” and a consensus price target of $4.23.

Grupo Televisa, S.A.B. Price Performance

The stock has a market cap of $924.85 million, a price-to-earnings ratio of -2.29 and a beta of 1.84. The company has a 50 day simple moving average of $1.90 and a 200-day simple moving average of $2.03. 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) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.90) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.91). The firm had revenue of $758.58 million for the quarter, compared to analyst estimates of $15.49 billion. Grupo Televisa, S.A.B. had a negative net margin of 11.69% and a negative return on equity of 5.73%. As a group, research analysts anticipate that Grupo Televisa, S.A.B. will post -0.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TV. Discovery Capital Management LLC CT lifted its holdings in Grupo Televisa, S.A.B. by 0.6% in the fourth quarter. Discovery Capital Management LLC CT now owns 17,536,831 shares of the company’s stock worth $29,462,000 after acquiring an additional 100,100 shares during the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of Grupo Televisa, S.A.B. by 3.0% in the 4th quarter. Gamco Investors INC. ET AL now owns 17,119,063 shares of the company’s stock worth $28,760,000 after purchasing an additional 500,271 shares during the last quarter. GFS Advisors LLC bought a new stake in shares of Grupo Televisa, S.A.B. in the 4th quarter worth approximately $3,600,000. Robeco Institutional Asset Management B.V. boosted its position in Grupo Televisa, S.A.B. by 245.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,976,394 shares of the company’s stock valued at $3,320,000 after purchasing an additional 1,404,933 shares during the period. Finally, Itau Unibanco Holding S.A. grew its stake in Grupo Televisa, S.A.B. by 13,477.4% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,749,042 shares of the company’s stock worth $2,938,000 after buying an additional 1,736,160 shares during the last quarter. 55.77% of the stock is owned by institutional investors and hedge funds.

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.