What’s in Grupo Televisa, S.A.B. (TV) After Reaching 52 Week Low?

March 14, 2018 - By Marguerite Chambers

The stock of Grupo Televisa, S.A.B. (NYSE:TV) hit a new 52-week low and has $15.68 target or 5.00 % below today’s $16.51 share price. The 8 months bearish chart indicates high risk for the $9.74B company. The 1-year low was reported on Mar, 14 by Barchart.com. If the $15.68 price target is reached, the company will be worth $486.90 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 0.69% or $0.115 during the last trading session, reaching $16.505. About 789,625 shares traded. Grupo Televisa, S.A.B. (NYSE:TV) has declined 5.54% since March 14, 2017 and is downtrending. It has underperformed by 22.24% the S&P500.

Analysts await Grupo Televisa, S.A.B. (NYSE:TV) to report earnings on April, 25. They expect $0.06 earnings per share, down 50.00 % or $0.06 from last year’s $0.12 per share. TV’s profit will be $35.40M for 68.77 P/E if the $0.06 EPS becomes a reality. After $0.05 actual earnings per share reported by Grupo Televisa, S.A.B. for the previous quarter, Wall Street now forecasts 20.00 % EPS growth.

Grupo Televisa, S.A.B. (NYSE:TV) Ratings Coverage

Among 10 analysts covering Grupo Televisa SAB (NYSE:TV), 4 have Buy rating, 0 Sell and 6 Hold. Therefore 40% are positive. Grupo Televisa SAB had 23 analyst reports since September 4, 2015 according to SRatingsIntel. Credit Suisse initiated Grupo Televisa, S.A.B. (NYSE:TV) on Friday, February 19 with “Neutral” rating. The stock of Grupo Televisa, S.A.B. (NYSE:TV) earned “Hold” rating by TheStreet on Friday, September 4. HSBC upgraded Grupo Televisa, S.A.B. (NYSE:TV) on Monday, December 4 to “Buy” rating. The firm earned “Neutral” rating on Wednesday, March 30 by JP Morgan. HSBC downgraded the stock to “Reduce” rating in Thursday, May 12 report. On Thursday, September 22 the stock rating was upgraded by HSBC to “Hold”. The stock has “Overweight” rating by JP Morgan on Tuesday, January 12. Bank of America upgraded Grupo Televisa, S.A.B. (NYSE:TV) on Tuesday, January 24 to “Buy” rating. The company was upgraded on Friday, December 15 by J.P. Morgan. On Friday, December 15 the stock rating was upgraded by JP Morgan to “Overweight”.

More recent Grupo Televisa, S.A.B. (NYSE:TV) news were published by: Globenewswire.com which released: “Pomerantz Law Firm Announces the Filing of a Class Action against Grupo …” on March 06, 2018. Also Quotes.Wsj.com published the news titled: “Grupo Televisa SAB ADR TV (US: NYSE)” on February 12, 2011. Marketwatch.com‘s news article titled: “Grupo Televisa SAB ADR” with publication date: January 15, 2016 was also an interesting one.

Grupo Televisa, S.A.B. operates as a media firm in the Spanish-speaking world. The company has market cap of $9.74 billion. The firm operates through four divisions: Content, Sky, Cable, and Other Businesses. It has a 42.32 P/E ratio. The Content segment is involved in the production of television programming and broadcasting of Channels 2, 4, 5, and 9; the sale of advertising time on programs; and the production of television programming and broadcasting for local television stations in Mexico and the United States, as well as Internet business.

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