Grupo Televisa (NYSE:TV) Given New $2.30 Price Target at UBS Group

Grupo Televisa (NYSE:TV) had its price target lowered by stock analysts at UBS Group from $3.20 to $2.30 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group‘s target price points to a potential upside of 0.22% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Zacks Research cut Grupo Televisa from a “hold” rating to a “strong sell” rating in a research note on Monday, October 19th. New Street Research upgraded Grupo Televisa from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 21st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Grupo Televisa in a research report on Thursday, October 15th. Finally, Wall Street Zen raised Grupo Televisa from a “hold” rating to a “buy” rating in a report on Saturday. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $6.15.

Grupo Televisa Price Performance

Shares of Grupo Televisa stock traded up $0.12 during midday trading on Wednesday, reaching $2.29. The company had a trading volume of 1,246,081 shares, compared to its average volume of 1,195,549. The company has a current ratio of 2.08, a quick ratio of 2.38 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of -3.64, a price-to-earnings-growth ratio of 0.66 and a beta of 1.62. The stock has a fifty day simple moving average of $2.39 and a 200 day simple moving average of $2.79. Grupo Televisa has a 1-year low of $2.01 and a 1-year high of $3.49.

Grupo Televisa (NYSE:TV) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.06. Grupo Televisa had a negative net margin of 10.39% and a negative return on equity of 5.60%. The firm had revenue of $778.61 million during the quarter, compared to analysts’ expectations of $763.71 million. As a group, equities research analysts forecast that Grupo Televisa will post 0.09 earnings per share for the current year.

Institutional Trading of Grupo Televisa

Institutional investors and hedge funds have recently made changes to their positions in the business. Barometer Capital Management Inc. grew its stake in shares of Grupo Televisa by 5,216.5% during the first 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. Segall Bryant & Hamill LLC acquired a new position in Grupo Televisa in the first quarter valued at about $413,000. Gabelli Funds LLC lifted its stake in 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 buying an additional 133,000 shares during the period. NewEdge Advisors LLC boosted its holdings in Grupo Televisa by 1,335.4% during the first quarter. NewEdge Advisors LLC now owns 134,869 shares of the company’s stock worth $392,000 after buying an additional 125,473 shares during the last quarter. Finally, Lido Advisors LLC bought a new position in Grupo Televisa during the first quarter worth about $62,000. Institutional investors own 55.77% of the company’s stock.

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.