Grupo Televisa (NYSE:TV) Stock Moved Up to "Buy" by Wall Street Zen

Key Points

• Wall Street Zen upgraded Grupo Televisa to “Buy” from “Hold,” but broader analyst sentiment remains cautious, with a consensus “Reduce” rating and an average price target of $6.55.
• Grupo Televisa shares opened at $2.09 and were down 2.3%, near their 12-month low of $2.07. The company reported quarterly EPS of $0.09, beating estimates of $0.03, while revenue of $778.61 million also exceeded expectations.
• Institutional investors and hedge funds own 55.77% of the company’s stock, with several funds increasing their positions during the first quarter.

Grupo Televisa (NYSE:TV - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Several other equities research analysts also recently issued reports on TV. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Grupo Televisa in a research note on Thursday, October 15th. UBS Group decreased their price objective on shares of Grupo Televisa from $3.20 to $3.10 and set a "neutral" rating for the company in a research report on Monday, July 6th. Zacks Research lowered Grupo Televisa from a "hold" rating to a "strong sell" rating in a research report on Monday, October 19th. Finally, New Street Research upgraded Grupo Televisa from a "strong sell" rating to a "hold" rating in a research note on Wednesday, October 21st. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Reduce" and an average price target of $6.55.

Grupo Televisa Trading Down 2.3%

Shares of TV opened at $2.09 on Friday. Grupo Televisa has a 12 month low of $2.07 and a 12 month high of $3.49. The stock's 50-day moving average is $2.42 and its two-hundred day moving average is $2.80. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.40 and a quick ratio of 2.38. The stock has a market cap of $1.11 billion, a PE ratio of -3.32, a P/E/G ratio of 0.70 and a beta of 1.54.

Grupo Televisa (NYSE:TV - Get Free Report) last posted its earnings results on Thursday, October 29th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.06. The business had revenue of $778.61 million during the quarter, compared to analyst estimates of $767.70 million. Grupo Televisa had a negative return on equity of 5.73% and a negative net margin of 10.39%. Equities analysts forecast that Grupo Televisa will post 0.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Grupo Televisa

Hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC increased its stake in Grupo Televisa by 1,335.4% during the first quarter. NewEdge Advisors LLC now owns 134,869 shares of the company's stock valued at $392,000 after purchasing an additional 125,473 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of Grupo Televisa during the first quarter worth $413,000. Gabelli Funds LLC lifted its position in shares of Grupo Televisa by 1.7% in the 1st quarter. Gabelli Funds LLC now owns 7,819,600 shares of the company's stock worth $22,755,000 after buying an additional 133,000 shares during the last quarter. Lido Advisors LLC bought a new position in shares of Grupo Televisa in the 1st quarter worth about $62,000. Finally, Barometer Capital Management Inc. lifted its position 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 buying an additional 443,400 shares during the last quarter. 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 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.