Grupo Televisa S.A. (NYSE:TV) Given Average Recommendation of "Reduce" by Brokerages

Key Points

• Grupo Televisa received a consensus “Reduce” rating from six brokerages: two sells, three holds and one buy. Analysts’ average 12-month price target is $6.55.
• The stock opened at $2.48, near its 52-week low of $2.18, with a market capitalization of $1.32 billion and negative earnings and profitability metrics.
• Televisa reported a quarterly loss of $0.05 per share, missing expectations of $0.01, while revenue of $816.64 million was slightly below forecasts; institutional investors own 55.77% of the stock.

Shares of Grupo Televisa S.A. (NYSE:TV - Get Free Report) have been assigned a consensus rating of "Reduce" from the six brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $6.55.

Several research firms have commented on TV. Wall Street Zen lowered shares of Grupo Televisa from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Weiss Ratings restated a "sell (d-)" rating on shares of Grupo Televisa in a research report on Friday, July 17th. New Street Research lowered shares of Grupo Televisa from a "hold" rating to a "strong sell" rating in a research note on Wednesday, June 17th. Finally, UBS Group cut their price objective on shares of Grupo Televisa from $3.20 to $3.10 and set a "neutral" rating on the stock in a research report on Monday, July 6th.

Hedge Funds Weigh In On Grupo Televisa

Hedge funds have recently added to or reduced their stakes in the company. Gabelli Funds LLC lifted its stake in Grupo Televisa by 1.7% in the first quarter. Gabelli Funds LLC now owns 7,819,600 shares of the company's stock worth $22,755,000 after purchasing an additional 133,000 shares during the last quarter. Barometer Capital Management Inc. grew its stake in shares of Grupo Televisa by 5,216.5% during the first quarter. Barometer Capital Management Inc. now owns 451,900 shares of the company's stock valued at $1,315,000 after buying an additional 443,400 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of Grupo Televisa in the first quarter worth approximately $413,000. NewEdge Advisors LLC raised 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 worth $392,000 after buying an additional 125,473 shares during the period. Finally, Lido Advisors LLC bought a new stake in shares of Grupo Televisa during the 1st quarter worth approximately $62,000. 55.77% of the stock is currently owned by institutional investors.

Grupo Televisa Stock Performance

TV opened at $2.48 on Wednesday. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of -2.72, a PEG ratio of 0.79 and a beta of 1.55. Grupo Televisa has a fifty-two week low of $2.18 and a fifty-two week high of $3.49. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.38 and a current ratio of 2.40. The company has a fifty day moving average of $2.69 and a 200 day moving average of $2.80.

Grupo Televisa (NYSE:TV - Get Free Report) last issued its quarterly earnings data on Friday, July 24th. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.06). The firm had revenue of $816.64 million for the quarter, compared to analysts' expectations of $818.16 million. Grupo Televisa had a negative net margin of 15.28% and a negative return on equity of 8.33%. As a group, sell-side analysts forecast that Grupo Televisa will post 0.1 earnings per share for the current fiscal year.

About Grupo Televisa

Grupo Televisa, SAB. is a Mexican media and telecommunications company serving customers primarily in Mexico. Its principal activities include providing pay television, broadband internet, fixed-line voice and mobile services through its cable operations, as well as satellite television services through SKY.

The company also has interests in content production and distribution. In 2022, Grupo Televisa combined substantially all of its content and media assets with Univision Holdings to create TelevisaUnivision, a Spanish-language media and entertainment company.

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