Grupo Televisa, S.A.B. Reports Earnings Results, Falling Short of Expectations

Grupo Televisa, S.A.B. (NYSE:TV) released its quarterly earnings results on Thursday, reporting an earnings per share (EPS) of ($0.90) for the quarter. This figure was significantly below the consensus estimate of $0.01, marking a miss of $0.91 per share, according to reports from Zacks. The company's performance was further characterized by a negative net margin of 10.88% and a negative return on equity of 5.68%.

Grupo Televisa, S.A.B. Stock Performance

During the trading hours on Thursday, shares of Grupo Televisa, S.A.B. fell 0.2%, decreasing by $0.01 to reach $2.07. The trading volume was notable at 2,899,475 shares, surpassing the average volume of 2,325,590. The company maintains a debt-to-equity ratio of 0.03, along with a current ratio of 2.43 and a quick ratio of 2.41. Grupo Televisa, S.A.B. has a market capitalization of $1.14 billion and a price-to-earnings ratio of -2.91, indicating the challenges it faces. Its stock has recorded a one-year low of $1.66 and a one-year high of $3.64, with a 50-day moving average of $1.87 and a 200-day moving average of $2.06.

Analyst Ratings and Price Targets

Several brokerages have published reports on the stock. The Goldman Sachs Group downgraded their price target for Grupo Televisa, S.A.B. from $2.50 to $2.20 but maintained a "buy" rating. Meanwhile, Benchmark reiterated a "buy" rating and set a target price of $8.00. On the other hand, JPMorgan Chase & Co. lowered its rating from "overweight" to "neutral," and StockNews.com downgraded the company's rating from "buy" to "hold." Presently, three research analysts have rated the stock with a hold rating, while two have given it a buy rating. The consensus rating among analysts stands at "Hold," with an average target price of $4.57.

About Grupo Televisa, S.A.B.

Grupo Televisa, S.A.B., along with its subsidiaries, operates various cable companies and provides direct-to-home satellite pay television services in Mexico and the United States. The company functions through three primary segments: Cable, Sky, and Other Businesses. The Cable segment supplies multiple system cable services offering basic and premium television subscriptions, pay-per-view options, installation services, Internet services, and mobile subscriptions. It also provides local and national advertising services and telecommunication facilities that offer data solutions to other telecommunications service providers via its fiber-optic network.

Earnings, Stocks, Grupo Televisa