Grupo Televisa (NYSE:TV) Price Target Lowered to $3.10 at UBS Group

Grupo Televisa (NYSE:TV) had its target price reduced by UBS Group from $3.20 to $3.10 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s target price would suggest a potential upside of 16.32% from the stock’s current price.

TV has been the topic of a number of other research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Grupo Televisa in a research report on Monday, April 20th. Wall Street Zen downgraded Grupo Televisa from a “buy” rating to a “hold” rating in a report on Saturday. Finally, New Street Research downgraded shares of Grupo Televisa from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 17th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Grupo Televisa presently has a consensus rating of “Reduce” and an average price target of $5.23.

Grupo Televisa Trading Up 0.9%

NYSE TV traded up $0.03 during trading on Monday, hitting $2.67. 350,685 shares of the company’s stock traded hands, compared to its average volume of 1,219,114. The stock has a fifty day moving average of $2.81 and a two-hundred day moving average of $2.97. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.39 and a quick ratio of 2.36. Grupo Televisa has a 12-month low of $2.03 and a 12-month high of $3.49. The firm has a market cap of $1.42 billion, a P/E ratio of -3.27, a PEG ratio of 0.51 and a beta of 1.55.

Insiders Place Their Bets

In related news, Director Robelo Francisco Jose Chevez sold 44,500 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $0.57, for a total transaction of $25,365.00. Following the transaction, the director owned 838,275 shares in the company, valued at $477,816.75. This represents a 5.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Francisco Valim sold 225,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $0.57, for a total transaction of $128,250.00. Following the completion of the sale, the insider owned 225,000 shares in the company, valued at $128,250. This represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,197,500 shares of company stock worth $680,245.

Institutional Trading of Grupo Televisa

Several large investors have recently modified their holdings of TV. NewEdge Advisors LLC lifted its holdings in Grupo Televisa by 1,335.4% in the first quarter. NewEdge Advisors LLC now owns 134,869 shares of the company’s stock valued at $392,000 after acquiring an additional 125,473 shares during the period. Segall Bryant & Hamill LLC bought a new stake in shares of Grupo Televisa during the 1st quarter valued at about $413,000. Gabelli Funds LLC increased its position in shares of Grupo Televisa by 1.7% during the 1st quarter. Gabelli Funds LLC now owns 7,819,600 shares of the company’s stock valued at $22,755,000 after purchasing an additional 133,000 shares during the last quarter. Lido Advisors LLC purchased a new stake in shares of Grupo Televisa during the 1st quarter valued at about $62,000. Finally, Barometer Capital Management Inc. lifted its stake in shares of Grupo Televisa by 5,216.5% in the 1st quarter. Barometer Capital Management Inc. now owns 451,900 shares of the company’s stock worth $1,315,000 after purchasing an additional 443,400 shares during the period. Institutional investors own 55.77% of the company’s stock.

Grupo Televisa Company Profile

Grupo Televisa, SAB. is a leading Mexican multimedia conglomerate headquartered in Mexico City, specializing in the creation, production and distribution of Spanish-language content. The company operates free-to-air television networks, subscription pay-TV services, broadband and telephony under its cable arm, and a range of digital streaming platforms. Grupo Televisa’s portfolio spans news, sports, telenovelas, reality programming and original series, positioning it as one of the largest content producers in the Spanish-speaking world.

Televisa’s broadcast division includes flagship channels such as Las Estrellas and Canal 5, while its pay-TV segment features operations under brands like Sky México and Izzi Telecom.