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

Key Points

• Grupo Televisa's stock reached a new 52-week high at $2.95 during trading, with a closing price of $2.84 and a trading volume of over 1.19 million shares.
• Wall Street analysts show a mixed outlook, with ratings varying from "buy" to "hold," although there is a consensus target price of $4.70.
• The company reported positive earnings of $0.05 per share in its latest quarter, exceeding analysts' estimates, but has a negative net margin of 13.56% and is projected to have a negative EPS for the current fiscal year.

Shares of Grupo Televisa S.A. (NYSE:TV - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $2.95 and last traded at $2.84, with a volume of 1195924 shares. The stock had previously closed at $2.93.

Analyst Ratings Changes

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

Grupo Televisa Stock Performance

The business has a 50-day moving average of $2.48 and a 200 day moving average of $2.13. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.35 and a quick ratio of 2.33. The company has a market cap of $1.59 billion, a PE ratio of -3.83, a PEG ratio of 3.01 and a beta of 1.97.

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 (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.06. Grupo Televisa had a negative return on equity of 6.95% and a negative net margin of 13.56%.The business had revenue of $787.59 million during the quarter, compared to analyst estimates of $14.96 billion. Equities research analysts anticipate that Grupo Televisa S.A. will post -0.07 EPS for the current fiscal year.

Institutional Trading of Grupo Televisa

Several hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LLC grew its holdings in Grupo Televisa by 2.8% during the second quarter. Corient Private Wealth LLC now owns 237,177 shares of the company's stock valued at $519,000 after purchasing an additional 6,518 shares during the period. Signaturefd LLC grew its holdings in Grupo Televisa by 72.7% during the first quarter. Signaturefd LLC now owns 16,085 shares of the company's stock valued at $28,000 after purchasing an additional 6,770 shares during the period. EntryPoint Capital LLC grew its holdings in Grupo Televisa by 6.9% during the first quarter. EntryPoint Capital LLC now owns 137,851 shares of the company's stock valued at $241,000 after purchasing an additional 8,953 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. grew its holdings in Grupo Televisa by 2.5% during the second quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 405,950 shares of the company's stock valued at $889,000 after purchasing an additional 10,000 shares during the period. Finally, Evergreen Capital Management LLC bought a new stake in Grupo Televisa during the second quarter valued at about $29,000. 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.