Grupo Televisa (NYSE:TV) Upgraded at New Street Research

Key Points

• New Street Research upgraded Grupo Televisa from “strong sell” to “hold,” but overall analyst sentiment remains cautious, with a consensus “Reduce” rating and an average price target of $6.55.
• Grupo Televisa shares opened at $2.37, near their 52-week low of $2.18, while the company reported a quarterly loss of $0.05 per share, missing the $0.01 consensus estimate.
• Institutional investors own 55.77% of the company, with several hedge funds recently initiating or increasing positions in the Mexican media and telecommunications company.

Grupo Televisa (NYSE:TV - Get Free Report) was upgraded by research analysts at New Street Research from a "strong sell" rating to a "hold" rating in a research report issued to clients and investors on Wednesday, Zacks reports.

Other equities analysts also recently issued reports about the company. UBS Group lowered their price objective on Grupo Televisa from $3.20 to $3.10 and set a "neutral" rating for the company in a research report on Monday, July 6th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Grupo Televisa in a report on Thursday, October 15th. Zacks Research downgraded shares of Grupo Televisa from a "hold" rating to a "strong sell" rating in a research report on Monday. Finally, Wall Street Zen downgraded 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, three have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Reduce" and an average target price of $6.55.

Grupo Televisa Stock Performance

Grupo Televisa stock opened at $2.37 on Wednesday. The business has a 50 day moving average of $2.49 and a 200-day moving average of $2.71. The company has a market capitalization of $1.26 billion, a P/E ratio of -2.60, a P/E/G ratio of 0.78 and a beta of 1.54. Grupo Televisa has a 1 year low of $2.18 and a 1 year high of $3.49. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.40 and a quick ratio of 2.38.

Grupo Televisa (NYSE:TV - Get Free Report) last posted its earnings results on Friday, July 24th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.06). Grupo Televisa had a negative return on equity of 8.33% and a negative net margin of 15.28%. The business had revenue of $816.64 million for the quarter, compared to analyst estimates of $818.16 million. On average, equities research analysts predict that Grupo Televisa will post 0.09 earnings per share for the current year.

Institutional Trading of Grupo Televisa

Several hedge funds have recently modified their holdings of TV. SmartHarvest Portfolios LLC acquired a new position in shares of Grupo Televisa during the 1st quarter valued at $30,000. Caitong International Asset Management Co. Ltd grew its holdings in 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 worth $45,000 after purchasing an additional 8,926 shares during the period. QRG Capital Management Inc. bought a new stake in Grupo Televisa in the first quarter valued at $51,000. Lido Advisors LLC bought a new stake in Grupo Televisa in the first quarter valued at $62,000. Finally, NewEdge Advisors LLC increased its stake in 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 purchasing an additional 125,473 shares in the last quarter. 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 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.

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