Grupo Televisa (NYSE:TV) Hits New 12-Month 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.

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

Wall Street Analysts Forecast Growth

TV has been the subject of several recent research reports. Zacks Research downgraded shares of Grupo Televisa from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. raised shares of Grupo Televisa from a "neutral" rating to an "overweight" rating in a research report on Wednesday, August 27th. Benchmark boosted their target price 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. Wall Street Zen downgraded shares of Grupo Televisa from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Finally, The Goldman Sachs Group downgraded shares of 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. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $4.70.

Grupo Televisa Stock Down 3.2%

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's 50-day simple moving average is $2.44 and its 200-day simple moving average is $2.11. The firm has a market capitalization of $1.57 billion, a P/E ratio of -3.78, a P/E/G ratio of 3.06 and a beta of 1.97.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in shares of Grupo Televisa by 52.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 21,059,394 shares of the company's stock valued at $46,120,000 after buying an additional 7,204,072 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of Grupo Televisa by 99.9% during the 1st quarter. Acadian Asset Management LLC now owns 7,688,871 shares of the company's stock valued at $13,440,000 after buying an additional 3,842,375 shares in the last quarter. GFS Advisors LLC purchased a new stake in shares of Grupo Televisa during the 2nd quarter valued at approximately $4,692,000. ABC Arbitrage SA purchased a new stake in shares of Grupo Televisa during the 2nd quarter valued at approximately $2,321,000. Finally, Man Group plc purchased a new stake in shares of Grupo Televisa during the 2nd quarter valued at approximately $2,291,000. 55.77% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Televisa Company Profile

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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