Grupo Televisa (NYSE:TV) Sets New 52-Week High - Should You Buy?

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.

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 traded. The stock had previously closed at $2.82.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TV. Zacks Research lowered Grupo Televisa from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Benchmark increased their price target on Grupo Televisa from $7.00 to $9.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Wall Street Zen cut Grupo Televisa from a "buy" rating to a "hold" rating in a report on Friday, May 30th. The Goldman Sachs Group downgraded Grupo Televisa from a "buy" rating to a "neutral" rating and set a $2.60 price objective on the stock. in a research report on Friday, August 8th. Finally, UBS Group lifted their target price on Grupo Televisa from $2.40 to $2.50 and gave the stock a "neutral" rating in a research report on Tuesday, July 29th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Grupo Televisa has a consensus rating of "Hold" and a consensus target price of $4.70.

Grupo Televisa Price Performance

The company has a market cap of $1.58 billion, a PE ratio of -3.81, a price-to-earnings-growth ratio of 3.06 and a beta of 1.97. The company has a quick ratio of 2.33, a current ratio of 2.35 and a debt-to-equity ratio of 0.03. The firm has a 50 day simple moving average of $2.43 and a 200-day simple moving average of $2.10.

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

Institutional Trading of Grupo Televisa

Several hedge funds and other institutional investors have recently made changes to their positions in TV. Barclays PLC purchased a new position in Grupo Televisa during the 4th quarter worth $168,000. Tower Research Capital LLC TRC boosted its holdings in Grupo Televisa by 3,312.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 31,053 shares of the company's stock worth $52,000 after acquiring an additional 30,143 shares in the last quarter. Northern Trust Corp grew its stake in shares of Grupo Televisa by 57.9% during the fourth quarter. Northern Trust Corp now owns 64,512 shares of the company's stock worth $108,000 after acquiring an additional 23,648 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Grupo Televisa by 41.4% during the fourth quarter. Bank of America Corp DE now owns 222,202 shares of the company's stock valued at $373,000 after acquiring an additional 65,048 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of Grupo Televisa by 109.2% in the 4th quarter. Millennium Management LLC now owns 356,624 shares of the company's stock valued at $599,000 after purchasing an additional 186,165 shares during the last quarter. Hedge funds and other institutional investors 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.