Grupo Televisa, S.A.B. (NYSE:TV) Posts Earnings Results, Misses Estimates By $0.91 EPS

Grupo Televisa, S.A.B. (NYSE:TV) released its earnings results on Thursday. The company reported ($0.90) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.91), Zacks reports. The firm had revenue of $758.58 million during the quarter, compared to analysts’ expectations of $15.49 billion. Grupo Televisa, S.A.B. had a negative net margin of 10.88% and a negative return on equity of 5.68%.

Grupo Televisa, S.A.B. Stock Down 5.1 %

Shares of Grupo Televisa, S.A.B. stock traded down $0.11 on Friday, reaching $1.97. The company’s stock had a trading volume of 713,444 shares, compared to its average volume of 2,267,500. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of -2.77 and a beta of 1.83. The firm’s fifty day simple moving average is $1.87 and its two-hundred day simple moving average is $2.06. Grupo Televisa, S.A.B. has a 52 week low of $1.66 and a 52 week high of $3.62. The company has a quick ratio of 2.41, a current ratio of 2.43 and a debt-to-equity ratio of 0.03.

Analyst Ratings Changes

A number of brokerages have issued reports on TV. JPMorgan Chase & Co. cut Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research note on Thursday, November 14th. The Goldman Sachs Group lowered their price objective 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 $8.00 price objective on shares of Grupo Televisa, S.A.B. in a research note on Tuesday, February 11th. Finally, StockNews.com cut Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target 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.