UBS Group Has Lowered Expectations for Grupo Televisa (NYSE:TV) Stock Price

Key Points

• UBS cut its price target on Grupo Televisa from $3.20 to $2.30 and kept a neutral rating; the new target implies only 0.22% upside from the $2.29 share price.
• Analyst views are mixed: one rates the stock Buy, three Hold and two Sell, while MarketBeat’s consensus rating is Reduce.
• Grupo Televisa beat quarterly estimates, reporting earnings per share of $0.09 versus $0.03 expected and revenue of $778.61 million versus $763.71 million forecast.

Grupo Televisa (NYSE:TV - Get Free Report) had its price objective decreased by investment analysts at UBS Group from $3.20 to $2.30 in a report released on Wednesday, Benzinga reports. The firm presently has a "neutral" rating on the stock. UBS Group's price target indicates a potential upside of 0.22% from the stock's current price.

Several other research firms have also issued reports on TV. Weiss Ratings restated a "sell (d-)" rating on shares of Grupo Televisa in a research report on Thursday, October 15th. Wall Street Zen upgraded shares of Grupo Televisa from a "hold" rating to a "buy" rating in a report on Saturday. 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. Finally, Zacks Research lowered shares of Grupo Televisa from a "hold" rating to a "strong sell" rating in a report on Monday, October 19th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Reduce" and an average target price of $6.15.

Grupo Televisa Price Performance

Shares of TV stock traded up $0.12 during mid-day trading on Wednesday, hitting $2.29. 1,246,081 shares of the stock traded hands, compared to its average volume of 1,195,549. Grupo Televisa has a twelve month low of $2.01 and a twelve month high of $3.49. The firm has a market cap 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 company's 50-day simple moving average is $2.39 and its 200-day simple moving average is $2.79. 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 (NYSE:TV - Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.06. The business had revenue of $778.61 million during the quarter, compared to analyst estimates of $763.71 million. Grupo Televisa had a negative return on equity of 5.60% and a negative net margin of 10.39%. As a group, equities research analysts expect that Grupo Televisa will post 0.09 earnings per share for the current year.

Institutional Trading of Grupo Televisa

A number of large investors have recently bought and sold shares of the stock. Simplex Trading LLC grew its position in Grupo Televisa by 374.0% during the 3rd quarter. Simplex Trading LLC now owns 20,139 shares of the company's stock worth $46,000 after acquiring an additional 15,890 shares during the last quarter. QRG Capital Management Inc. acquired a new position in Grupo Televisa in the first quarter worth $51,000. Lido Advisors LLC acquired a new position in Grupo Televisa in the first quarter worth $62,000. NewEdge Advisors LLC grew its holdings in shares of 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 purchasing an additional 125,473 shares during the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in shares of Grupo Televisa during the first quarter worth $413,000. 55.77% of the stock is currently owned by institutional investors.

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.

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