Grupo Televisa, S.A.B. (TV)’s Trend Down, Especially After Forming a Bearish Wedge Down Chart Pattern

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

The stock of Grupo Televisa, S.A.B. (TV) formed a down wedge with $9.26 target or 3.00 % below today’s $9.55 share price. The 6 months wedge indicates high risk for the $5.37B company. If the $9.26 price target is reached, the company will be worth $161.13M less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock decreased 0.57% or $0.06 during the last trading session, reaching $9.55. About 1.21 million shares traded. Grupo Televisa, S.A.B. (NYSE:TV) has declined 33.18% since May 8, 2018 and is downtrending. It has underperformed by 37.55% the S&P500.

Analysts await Grupo Televisa, S.A.B. (NYSE:TV) to report earnings on May, 9. They expect $0.09 earnings per share, up 50.00 % or $0.03 from last year’s $0.06 per share. TV’s profit will be $50.62 million for 26.53 P/E if the $0.09 EPS becomes a reality. After $0.01 actual earnings per share reported by Grupo Televisa, S.A.B. for the previous quarter, Wall Street now forecasts 800.00 % EPS growth.

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

Among 4 analysts covering Grupo Televisa (NYSE:TV), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Grupo Televisa had 8 analyst reports since January 23, 2019 according to SRatingsIntel. The stock of Grupo Televisa, S.A.B. (NYSE:TV) has “Hold” rating given on Tuesday, February 26 by Barclays Capital. JP Morgan maintained the stock with “Overweight” rating in Monday, March 18 report. On Friday, February 1 the stock rating was upgraded by Citigroup to “Buy”. Scotia Capital upgraded the shares of TV in report on Wednesday, January 23 to “Sector Perform” rating.

More notable recent Grupo Televisa, S.A.B. (NYSE:TV) news were published by: Seekingalpha.com which released: “Corning: Displays Helped By Tailwinds In 2019 – Seeking Alpha” on April 25, 2019, also Finance.Yahoo.com with their article: “Calculating The Fair Value Of New Oriental Education & Technology Group Inc. (NYSE:EDU) – Yahoo Finance” published on May 08, 2019, Seekingalpha.com published: “CBS Needs To Merge With Viacom In 2019 – Seeking Alpha” on April 23, 2019. More interesting news about Grupo Televisa, S.A.B. (NYSE:TV) were released by: Cnbc.com and their article: “‘Fearless Girl’ unveiled in front of NYSE, moved away from ‘Charging Bull’ – CNBC” published on December 10, 2018 as well as Benzinga.com‘s news article titled: “Analyst: ‘Significant Opportunities’ For WWE Beyond TV Deals (NYSE:WWE) – Benzinga” with publication date: March 28, 2019.

Grupo Televisa, S.A.B. operates as a media firm in the Spanish-speaking world. The company has market cap of $5.37 billion. The firm operates through four divisions: Content, Sky, Cable, and Other Businesses. It has a 17.2 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.

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

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