Grupo Televisa S.A. (NYSE:TV) Stock Now Rated “Reduce” by Sell-Side Analysts

Grupo Televisa S.A. (NYSE:TV) has received a consensus recommendation of “Reduce” from the six brokerages that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $6.55.

Several brokerages have commented on TV. UBS Group decreased their price objective on shares of Grupo Televisa from $3.20 to $3.10 and set a “neutral” rating for the company in a research note on Monday, July 6th. Wall Street Zen lowered shares of Grupo Televisa from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Grupo Televisa in a report on Friday, July 17th. Finally, New Street Research lowered shares of Grupo Televisa from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 17th.

Grupo Televisa Trading Up 0.6%

Shares of NYSE:TV opened at $2.35 on Wednesday. Grupo Televisa has a 52-week low of $2.18 and a 52-week high of $3.49. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of -2.59, a PEG ratio of 0.72 and a beta of 1.55. The company has a quick ratio of 2.38, a current ratio of 2.40 and a debt-to-equity ratio of 0.05. The business has a 50-day moving average price of $2.65 and a 200-day moving average price of $2.78.

Grupo Televisa (NYSE:TV) last issued its earnings results on Friday, July 24th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). Grupo Televisa had a negative net margin of 15.28% and a negative return on equity of 8.33%. The firm had revenue of $816.64 million during the quarter, compared to analysts’ expectations of $818.16 million. Equities analysts predict that Grupo Televisa will post 0.1 EPS for the current year.

Hedge Funds Weigh In On Grupo Televisa

Several institutional investors and hedge funds have recently modified their holdings of TV. Gabelli Funds LLC boosted its stake in shares of Grupo Televisa by 1.7% in the first quarter. Gabelli Funds LLC now owns 7,819,600 shares of the company’s stock worth $22,755,000 after buying an additional 133,000 shares during the last quarter. Barometer Capital Management Inc. raised its position in Grupo Televisa by 5,216.5% during the first quarter. Barometer Capital Management Inc. now owns 451,900 shares of the company’s stock valued at $1,315,000 after acquiring an additional 443,400 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in Grupo Televisa in the first quarter valued at approximately $413,000. 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. Finally, Lido Advisors LLC acquired a new position in Grupo Televisa in the first quarter valued at approximately $62,000. Institutional investors and hedge funds own 55.77% of the company’s stock.

About Grupo Televisa

Grupo Televisa, SAB. is a Mexican media and telecommunications company serving customers primarily in Mexico. Its principal activities include providing pay television, broadband internet, fixed-line voice and mobile services through its cable operations, as well as satellite television services through SKY.

The company also has interests in content production and distribution. In 2022, Grupo Televisa combined substantially all of its content and media assets with Univision Holdings to create TelevisaUnivision, a Spanish-language media and entertainment company.