Revenue Update on Grupo Televisa SAB (ADR)(NYSE:TV)

Grupo Televisa SAB (ADR)(NYSE:TV) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $1.365B. Analysts estimated a revenue of $1.320B. The revenues were 3.41% above the estimates. Earnings per share were $0.01. The reported EPS was below estimates by -94.44%. Analysts had estimated an EPS of $0.18.

In a different note, On Jan 24, 2017, Bank of America said it Upgrades its rating on Grupo Televisa SAB (ADR). The shares have been rated ‘Buy’ by the firm.

Grupo Televisa SAB (ADR) (TV) shares turned negative on Wednesdays trading session with the shares closing down -0.08 points or -0.34% at a volume of 15,50,802. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $23.83. The peak price level was also seen at $23.83 while the days lowest was $23.12. Finally the shares closed at $23.32. The 52-week high of the shares is $29.34 while the 52-week low is $19.69. According to the latest information available, the market cap of the company is $13,612 M.

Grupo Televisa S.A.B. is a media company in the international entertainment business. The Company operates in four business segments: Content Sky Telecommunications and Other Businesses. It operates four broadcast channels in Mexico City and has affiliated stations throughout the country. It produces pay-television channels with national and international feeds throughout Latin America the United States Canada Europe and Asia Pacific. It exports its programs and formats to television networks around the world. It is also a Spanish-language magazine publisher. Its pay-television channels include three music six movie seven variety and entertainment channels and two sports channels. Its programs include telenovelas newscasts situation comedies game shows reality shows children’s programs comedy and variety programs musical and cultural events movies and educational programming. Its programming also includes broadcasts of special events and sports events in Mexico.

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