Grupo Televisa (NYSE:TV) Shares Down 8.5% – Here’s Why

Grupo Televisa S.A. (NYSE:TV) shares dropped 8.5% during trading on Monday . The company traded as low as $2.74 and last traded at $2.7350. Approximately 485,120 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 1,246,183 shares. The stock had previously closed at $2.99.

Analyst Ratings Changes

A number of research firms have recently weighed in on TV. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Grupo Televisa in a research report on Tuesday, March 3rd. Wall Street Zen cut shares of Grupo Televisa from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 31st. UBS Group lowered their price target on shares of Grupo Televisa from $3.70 to $3.20 and set a “neutral” rating on the stock in a report on Monday, May 11th. New Street Research lowered shares of Grupo Televisa from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 17th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Grupo Televisa in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $5.27.

Grupo Televisa Trading Down 9.5%

The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.36 and a current ratio of 2.39. The company has a market capitalization of $1.44 billion, a PE ratio of -3.34, a PEG ratio of 0.57 and a beta of 1.57. The stock has a fifty day moving average of $2.88 and a 200 day moving average of $2.98.

Grupo Televisa (NYSE:TV) last announced its quarterly earnings data on Saturday, February 14th. The company reported ($0.80) earnings per share (EPS) for the quarter. The company had revenue of $807.20 million for the quarter. Grupo Televisa had a negative net margin of 13.93% and a negative return on equity of 7.65%. As a group, sell-side analysts predict that Grupo Televisa S.A. will post 0.15 earnings per share for the current fiscal year.

Insider Activity at Grupo Televisa

In other Grupo Televisa news, Director Robelo Francisco Jose Chevez sold 44,500 shares of Grupo Televisa stock in a transaction on Monday, May 4th. The shares were sold at an average price of $0.57, for a total value of $25,365.00. Following the sale, the director directly owned 838,275 shares in the company, valued at approximately $477,816.75. The trade was a 5.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Viadero Salvi Rafael Folch sold 200,003 shares of the business’s stock in a transaction on Monday, May 25th. The stock was sold at an average price of $0.56, for a total transaction of $112,001.68. Following the completion of the sale, the director owned 32,997 shares in the company, valued at approximately $18,478.32. The trade was a 85.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,762,584 shares of company stock valued at $1,007,994 in the last ninety days.

Institutional Investors Weigh In On Grupo Televisa

A number of hedge funds have recently made changes to their positions in TV. Evergreen Capital Management LLC bought a new position in Grupo Televisa during the second quarter valued at approximately $29,000. SmartHarvest Portfolios LLC bought a new stake in Grupo Televisa in the 1st quarter worth approximately $30,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Grupo Televisa during the 4th quarter worth approximately $32,000. AXQ Capital LP purchased a new stake in shares of Grupo Televisa during the 4th quarter worth approximately $35,000. Finally, Diversified Trust Co. bought a new position in shares of Grupo Televisa during the 4th quarter valued at approximately $38,000. 55.77% of the stock is currently owned by hedge funds and other institutional investors.

About Grupo Televisa

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.