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

Key Points

• Zacks Research downgraded Grupo Televisa to “strong sell” from “hold,” while the broader analyst consensus is “Reduce,” with an average price target of $6.55.
• Grupo Televisa shares opened at $2.38, near their 52-week low of $2.18, after the company reported a quarterly EPS loss of $0.05 that missed estimates by $0.06 and slightly missed revenue expectations.
• Institutional investors own 55.77% of the company, with several funds increasing their positions; however, Televisa reported negative net margin and return on equity, underscoring ongoing profitability challenges.

Grupo Televisa (NYSE:TV - Get Free Report) was downgraded by equities research analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a note issued to investors on Monday, Zacks reports.

TV has been the topic of a number of other research reports. UBS Group dropped their price objective on shares of Grupo Televisa from $3.20 to $3.10 and set a "neutral" rating on the stock in a report on Monday, July 6th. Weiss Ratings reissued a "sell (d-)" rating on shares of Grupo Televisa in a research note on Thursday, October 15th. Finally, Wall Street Zen cut shares of Grupo Televisa from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. 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. According to MarketBeat, Grupo Televisa currently has a consensus rating of "Reduce" and an average target price of $6.55.

Grupo Televisa Stock Down 2.3%

Shares of Grupo Televisa stock opened at $2.38 on Monday. 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 firm 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 has a fifty-two week low of $2.18 and a fifty-two week high of $3.49. The business has a 50-day moving average price of $2.50 and a 200 day moving average price of $2.72.

Grupo Televisa (NYSE:TV - Get Free Report) 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). The business had revenue of $816.64 million during the quarter, compared to the consensus estimate of $818.16 million. Grupo Televisa had a negative return on equity of 8.33% and a negative net margin of 15.28%. On average, sell-side analysts forecast that Grupo Televisa will post 0.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

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