Is Grupo Televisa, S.A.B. (TV)’s Fuel Running Low? The Stock Reaches 52-Week Low Today

March 18, 2018 - By Marie Mckinney

The stock of Grupo Televisa, S.A.B. (NYSE:TV) hit a new 52-week low and has $14.59 target or 7.00 % below today’s $15.69 share price. The 6 months bearish chart indicates high risk for the $9.26 billion company. The 1-year low was reported on Mar, 18 by If the $14.59 price target is reached, the company will be worth $647.99M 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 1.51% or $0.24 during the last trading session, reaching $15.69. About 3.61 million shares traded or 20.12% up from the average. Grupo Televisa, S.A.B. (NYSE:TV) has declined 5.54% since March 18, 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 65.38 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. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Thursday, August 10 report. The firm has “Buy” rating by Bank of America given on Tuesday, January 24. Credit Suisse downgraded the stock to “Neutral” rating in Wednesday, March 8 report. Credit Suisse upgraded Grupo Televisa, S.A.B. (NYSE:TV) on Monday, May 1 to “Hold” rating. The firm has “Hold” rating given on Thursday, September 22 by HSBC. Citigroup downgraded the shares of TV in report on Monday, May 9 to “Sell” rating. As per Monday, December 4, the company rating was upgraded by Citigroup. The firm has “Hold” rating given on Wednesday, September 30 by HSBC. On Thursday, May 12 the stock rating was downgraded by HSBC to “Reduce”. The rating was downgraded by HSBC on Tuesday, February 28 to “Reduce”.

Grupo Televisa, S.A.B. operates as a media firm in the Spanish-speaking world. The company has market cap of $9.26 billion. The firm operates through four divisions: Content, Sky, Cable, and Other Businesses. It has a 39.72 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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