Grupo Televisa S.A. (NYSE:TV) Stock Has Consensus Target Price of $6.55

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

A number of brokerages have commented on TV. New Street Research upgraded shares of Grupo Televisa from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Weiss Ratings reissued a “sell (d-)” rating on shares of Grupo Televisa in a report on Thursday, October 15th. Zacks Research downgraded Grupo Televisa from a “hold” rating to a “strong sell” rating in a research report on Monday, October 19th. UBS Group decreased their price target on Grupo Televisa from $3.20 to $3.10 and set a “neutral” rating on the stock in a research note on Monday, July 6th. Finally, Wall Street Zen cut Grupo Televisa from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st.

Hedge Funds Weigh In On Grupo Televisa

Large investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its position in shares of Grupo Televisa by 135.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 15,499 shares of the company’s stock valued at $45,000 after acquiring an additional 8,926 shares during the last quarter. SmartHarvest Portfolios LLC acquired a new position in shares of Grupo Televisa during the 1st quarter worth approximately $30,000. QRG Capital Management Inc. acquired a new position in shares of Grupo Televisa during the 1st quarter worth approximately $51,000. Lido Advisors LLC bought a new stake in shares of Grupo Televisa during the 1st quarter worth approximately $62,000. Finally, NewEdge Advisors LLC raised its stake 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 in the last quarter. Institutional investors own 55.77% of the company’s stock.

Grupo Televisa Stock Down 1.0%

TV stock opened at $2.37 on Friday. The company has a current ratio of 2.40, a quick ratio of 2.38 and a debt-to-equity ratio of 0.05. Grupo Televisa has a 1 year low of $2.18 and a 1 year high of $3.49. The company has a fifty day simple moving average of $2.47 and a 200 day simple moving average of $2.71. The firm has a market cap of $1.26 billion, a PE ratio of -2.60, a PEG ratio of 0.77 and a beta of 1.54.

Grupo Televisa (NYSE:TV) last issued its quarterly earnings results on Friday, July 24th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $816.64 million during the quarter, compared to analyst estimates of $818.16 million. Sell-side analysts anticipate that Grupo Televisa will post 0.09 EPS for the current fiscal year.

About Grupo Televisa

Grupo Televisa, SAB. is a Mexican media and telecommunications company headquartered in Mexico City. Its operations include pay television, broadband and fixed-line telecommunications services, primarily through its izzi brand, as well as satellite television services through Sky México. The company serves residential and commercial customers across Mexico.

Televisa also maintains interests in content and entertainment businesses. In 2022, it combined substantially all of its media and content assets with Univision to create TelevisaUnivision, a Spanish-language media company serving audiences in Mexico, the United States and other international markets.