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

Grupo Televisa, S.A.B. (NYSE:TV) announced its quarterly earnings data on Thursday. The company reported ($0.90) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.91), Zacks reports. Grupo Televisa, S.A.B. had a negative return on equity of 5.68% and a negative net margin of 10.88%.

Grupo Televisa, S.A.B. Price Performance

Shares of NYSE:TV traded down $0.01 on Thursday, hitting $2.07. The stock had a trading volume of 2,899,475 shares, compared to its average volume of 2,325,590. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of -2.91 and a beta of 1.83. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.41 and a current ratio of 2.43. The firm’s 50 day moving average price is $1.87 and its 200-day moving average price is $2.06. Grupo Televisa, S.A.B. has a twelve month low of $1.66 and a twelve month high of $3.64.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TV. The Goldman Sachs Group decreased their price target on shares of Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. Benchmark reiterated a “buy” rating and set a $8.00 target price on shares of Grupo Televisa, S.A.B. in a research report on Tuesday, February 11th. JPMorgan Chase & Co. lowered shares of Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 14th. Finally, StockNews.com cut shares of Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Grupo Televisa, S.A.B. presently has an average rating of “Hold” and a consensus price target of $4.57.

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.