Grupo Televisa (NYSE:TV) Hits New 1-Year High - Here's Why

Key Points

• Grupo Televisa's shares reached a new 52-week high, trading as high as $2.90 before closing at $2.88, with notable trading volume of 74,330 shares.
• Equity analysts have mixed views on Grupo Televisa, with ratings ranging from "buy" to "neutral," and an average price target of $4.70.
• Institutional investors are increasing their stakes in Grupo Televisa, with JPMorgan Chase & Co. raising its position by 52% in the second quarter.

Shares of Grupo Televisa S.A. (NYSE:TV - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $2.90 and last traded at $2.88, with a volume of 74330 shares trading hands. The stock had previously closed at $2.82.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TV shares. The Goldman Sachs Group cut Grupo Televisa from a "buy" rating to a "neutral" rating and set a $2.60 price objective for the company. in a report on Friday, August 8th. JPMorgan Chase & Co. raised Grupo Televisa from a "neutral" rating to an "overweight" rating in a research report on Wednesday, August 27th. UBS Group raised their target price on shares of Grupo Televisa from $2.40 to $2.50 and gave the company a "neutral" rating in a research note on Tuesday, July 29th. Benchmark upped their price target on shares of Grupo Televisa from $7.00 to $9.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Finally, Wall Street Zen cut shares of Grupo Televisa from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $4.70.

Grupo Televisa Stock Performance

The stock has a 50 day simple moving average of $2.40 and a 200 day simple moving average of $2.09. The company has a current ratio of 2.35, a quick ratio of 2.33 and a debt-to-equity ratio of 0.03. The stock has a market cap of $1.58 billion, a P/E ratio of -3.83, a price-to-earnings-growth ratio of 2.91 and a beta of 1.97.

Grupo Televisa (NYSE:TV - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.06. The firm had revenue of $787.59 million for the quarter, compared to analysts' expectations of $14.96 billion. Grupo Televisa had a negative return on equity of 6.95% and a negative net margin of 13.56%. On average, equities analysts expect that Grupo Televisa S.A. will post -0.07 earnings per share for the current year.

Institutional Investors Weigh In On Grupo Televisa

Institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in shares of Grupo Televisa by 52.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 21,059,394 shares of the company's stock worth $46,120,000 after acquiring an additional 7,204,072 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in Grupo Televisa by 3.4% during the second quarter. Gamco Investors INC. ET AL now owns 18,551,819 shares of the company's stock worth $40,628,000 after purchasing an additional 605,393 shares during the period. Acadian Asset Management LLC increased its holdings in Grupo Televisa by 32.9% in the second quarter. Acadian Asset Management LLC now owns 10,222,182 shares of the company's stock worth $22,376,000 after purchasing an additional 2,533,311 shares in the last quarter. Gabelli Funds LLC increased its holdings in Grupo Televisa by 4.3% in the first quarter. Gabelli Funds LLC now owns 7,090,600 shares of the company's stock worth $12,409,000 after purchasing an additional 294,300 shares in the last quarter. Finally, GFS Advisors LLC acquired a new position in Grupo Televisa in the second quarter valued at approximately $4,692,000. Institutional investors and hedge funds own 55.77% of the company's stock.

About Grupo Televisa

Grupo Televisa, SAB., together with its subsidiaries, owns and operates cable companies and provides direct-to-home satellite pay television system in Mexico and the United States. It operates through three segments: Cable, Sky, and Other Businesses. The Cable segment operates cable multiple system that provides basic and premium television subscription, pay-per-view, installation, Internet subscription, and telephone and mobile services subscription, as well as local and national advertising services; and telecommunication facilities, which offers data and long-distance services solutions to carriers and other telecommunications service providers through its fiber-optic network.

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