Grupo Televisa (NYSE:TV) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Grupo Televisa from “buy” to “hold.” Other firms have issued mixed-to-negative views, and MarketBeat reports a consensus “Reduce” rating with a $6.15 price target.
• Shares opened at $2.35, near the 52-week low of $2.01; UBS also cut its price target to $2.30 and maintained a “neutral” rating.
• Grupo Televisa beat quarterly estimates, reporting EPS of $0.09 versus $0.03 expected and revenue of $778.61 million versus $763.71 million expected, despite negative net margin and return on equity.

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

Several other research firms have also issued reports on TV. UBS Group reduced their target price on Grupo Televisa from $3.20 to $2.30 and set a "neutral" rating on the stock in a report on Wednesday. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Grupo Televisa in a research note on Thursday, October 15th. Zacks Research cut shares of Grupo Televisa from a "hold" rating to a "strong sell" rating in a research report on Monday, October 19th. Finally, New Street Research raised shares of Grupo Televisa from a "strong sell" rating to a "hold" rating in a research report on Wednesday, October 21st. One analyst has rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus price target of $6.15.

Grupo Televisa Price Performance

NYSE TV opened at $2.35 on Friday. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of -3.72, a PEG ratio of 0.77 and a beta of 1.62. The business has a 50 day simple moving average of $2.36 and a 200 day simple moving average of $2.78. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.38 and a current ratio of 2.08. Grupo Televisa has a 52-week low of $2.01 and a 52-week high of $3.49.

Grupo Televisa (NYSE:TV - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.09 EPS for the quarter, beating 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 business had revenue of $778.61 million for the quarter, compared to the consensus estimate of $763.71 million. Analysts anticipate that Grupo Televisa will post 0.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Grupo Televisa

A number of institutional investors have recently modified their holdings of TV. R Squared Ltd grew its position in Grupo Televisa by 57.6% in the third quarter. R Squared Ltd now owns 33,103 shares of the company's stock valued at $75,000 after acquiring an additional 12,099 shares during the last quarter. First Command Advisory Services Inc. raised its stake in Grupo Televisa by 142.7% during the third quarter. First Command Advisory Services Inc. now owns 34,237 shares of the company's stock worth $78,000 after acquiring an additional 20,129 shares in the last quarter. Simplex Trading LLC raised its stake in Grupo Televisa by 374.0% during the third quarter. Simplex Trading LLC now owns 20,139 shares of the company's stock worth $46,000 after acquiring an additional 15,890 shares in the last quarter. NewEdge Advisors LLC raised 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 worth $392,000 after acquiring an additional 125,473 shares in the last quarter. Finally, Segall Bryant & Hamill LLC bought a new position in shares of Grupo Televisa in the first quarter worth about $413,000. Institutional investors and hedge funds 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.

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.