Grupo Televisa (NYSE:TV) Stock Rating Cut to Strong Sell at Zacks Research

Zacks Research lowered shares of Grupo Televisa (NYSE:TV) from a hold rating to a strong sell rating in a report released on Monday morning,Zacks reports.

Other equities research analysts have also recently issued research reports about the company. Wall Street Zen cut Grupo Televisa from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. UBS Group reduced their price objective on Grupo Televisa from $3.20 to $3.10 and set a “neutral” rating for the company in a report on Monday, July 6th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Grupo Televisa in a research report on Thursday, October 15th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $6.55.

Grupo Televisa Stock Down 2.3%

TV stock opened at $2.38 on Monday. The company has a current ratio of 2.40, a quick ratio of 2.38 and a debt-to-equity ratio of 0.05. The company’s 50-day moving average price is $2.50 and its 200 day moving average price is $2.72. Grupo Televisa has a 52 week low of $2.18 and a 52 week high of $3.49. The company has a market cap of $1.27 billion, a P/E ratio of -2.62, a P/E/G ratio of 0.80 and a beta of 1.54.

Grupo Televisa (NYSE:TV) last issued its earnings results on Friday, July 24th. The company reported ($0.05) earnings per share (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 company had revenue of $816.64 million during the quarter, compared to analysts’ expectations of $818.16 million. On average, research analysts expect that Grupo Televisa will post 0.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Grupo Televisa

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TV. Gabelli Funds LLC grew its position 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 valued at $22,755,000 after purchasing an additional 133,000 shares during the last quarter. Barometer Capital Management Inc. increased its stake in shares of Grupo Televisa by 5,216.5% during 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 in the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of Grupo Televisa during the 1st quarter worth approximately $413,000. NewEdge Advisors LLC raised its position in shares of Grupo Televisa by 1,335.4% during the 1st quarter. NewEdge Advisors LLC now owns 134,869 shares of the company’s stock worth $392,000 after purchasing an additional 125,473 shares during the last quarter. Finally, Lido Advisors LLC acquired a new position in shares of Grupo Televisa during the 1st quarter worth approximately $62,000. Institutional investors and hedge funds own 55.77% of the company’s stock.

Grupo Televisa Company Profile

Grupo Televisa, SAB. is a Mexican media and telecommunications company headquartered in Mexico City. Its principal operating businesses include izzi, which provides broadband internet, pay television, fixed-line telephone and related telecommunications services, and SKY México, a subscription-based satellite television provider. The company serves residential and business customers primarily in Mexico.

Televisa was formed in 1973 through the merger of Telesistema Mexicano and Televisión Independiente de México.