Grupo Televisa S.A. (NYSE:TV) Stock Has Average Price Target of $6.55

Key Points

• Analysts remain cautious: Grupo Televisa has an average “Reduce” rating, with two sells, three holds and one buy. The average 12-month price target is $6.55, compared with the stock’s recent price of $2.48.
• Institutional ownership is substantial: Institutional investors own 55.77% of the company, with several firms recently increasing their positions or initiating new stakes.
• Recent results fell short of expectations: Grupo Televisa reported a quarterly loss of $0.05 per share versus the expected $0.01 profit, while revenue of $816.64 million was slightly below forecasts. The company also posted negative net margin and return on equity.

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

Several brokerages recently issued reports on TV. UBS Group decreased their price target on Grupo Televisa from $3.20 to $3.10 and set a "neutral" rating for the company in a report on Monday, July 6th. Weiss Ratings reissued a "sell (d-)" rating on shares of Grupo Televisa in a research report on Thursday. Finally, Wall Street Zen cut Grupo Televisa from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. NewEdge Advisors LLC grew its position in Grupo Televisa by 1,335.4% in the 1st quarter. NewEdge Advisors LLC now owns 134,869 shares of the company's stock worth $392,000 after purchasing an additional 125,473 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new stake in Grupo Televisa in the 1st quarter valued at about $413,000. Gabelli Funds LLC increased its stake in Grupo Televisa by 1.7% in the 1st quarter. Gabelli Funds LLC now owns 7,819,600 shares of the company's stock valued at $22,755,000 after buying an additional 133,000 shares during the last quarter. Lido Advisors LLC purchased a new stake in Grupo Televisa in the 1st quarter valued at about $62,000. Finally, Barometer Capital Management Inc. lifted its position in shares of Grupo Televisa by 5,216.5% during 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 in the last quarter. 55.77% of the stock is owned by institutional investors.

Grupo Televisa Price Performance

TV stock opened at $2.48 on Friday. 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 business has a 50-day simple moving average of $2.52 and a two-hundred day simple moving average of $2.73. The company has a market capitalization of $1.32 billion, a P/E ratio of -2.72, a price-to-earnings-growth ratio of 0.81 and a beta of 1.54. Grupo Televisa has a 52-week low of $2.18 and a 52-week high of $3.49.

Grupo Televisa (NYSE:TV - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $816.64 million during the quarter, compared to analysts' expectations of $818.16 million. Research analysts expect that Grupo Televisa will post 0.09 EPS for the current fiscal year.

About Grupo Televisa

Grupo Televisa, SAB. is a Mexican media and telecommunications company headquartered in Mexico City. Its principal operating businesses include izzi, which provides broadband internet, pay television, fixed-line telephone and related telecommunications services, and SKY México, a subscription-based satellite television provider. The company serves residential and business customers primarily in Mexico.

Televisa was formed in 1973 through the merger of Telesistema Mexicano and Televisión Independiente de México.

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