Grupo Televisa (NYSE:TV) Hits New 52-Week High Following Analyst Upgrade

Key Points

• Grupo Televisa reached a new 52-week high of $2.74 following an upgrade from UBS Group, which raised its price target from $2.40 to $2.50.
• Analysts' ratings on Grupo Televisa vary, with a consensus rating of "Hold" and a consensus price target of $4.57, while some firms like Benchmark set a higher price target of $9.00.
• The company recently announced a dividend yield of 3.9% and reported earnings per share of $0.05, beating estimates and showing signs of financial recovery.

Grupo Televisa S.A. (NYSE:TV - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday after UBS Group raised their price target on the stock from $2.40 to $2.50. UBS Group currently has a neutral rating on the stock. Grupo Televisa traded as high as $2.74 and last traded at $2.74, with a volume of 2582037 shares. The stock had previously closed at $2.50.

Other equities analysts have also recently issued reports about the company. Wall Street Zen cut Grupo Televisa from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Benchmark increased their target price on Grupo Televisa from $7.00 to $9.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Finally, The Goldman Sachs Group increased their target price on Grupo Televisa from $1.80 to $2.20 and gave the company a "buy" rating in a report on Wednesday, May 21st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Grupo Televisa has a consensus rating of "Hold" and an average price target of $4.57.

Institutional Investors Weigh In On Grupo Televisa

Several institutional investors have recently bought and sold shares of the stock. Signaturefd LLC raised its position in Grupo Televisa by 72.7% during the 1st 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 last quarter. R Squared Ltd raised its position in Grupo Televisa by 405.9% during the 1st quarter. R Squared Ltd now owns 21,400 shares of the company's stock valued at $37,000 after purchasing an additional 17,170 shares during the last quarter. PEAK6 LLC bought a new position in Grupo Televisa during the 4th quarter valued at approximately $41,000. Russell Investments Group Ltd. bought a new position in Grupo Televisa during the 4th quarter valued at approximately $47,000. Finally, Vident Advisory LLC raised its position in Grupo Televisa by 114.8% during the 1st quarter. Vident Advisory LLC now owns 28,762 shares of the company's stock valued at $50,000 after purchasing an additional 15,374 shares during the last quarter. 55.77% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Televisa Price Performance

The stock has a market cap of $1.51 billion, a P/E ratio of -3.63, a price-to-earnings-growth ratio of 1.70 and a beta of 1.96. The firm has a 50-day moving average price of $2.23 and a 200-day moving average price of $1.99. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.33 and a current ratio of 2.35.

Grupo Televisa (NYSE:TV - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The company reported $0.05 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $787.59 million during the quarter, compared to analyst estimates of $14.96 billion. On average, analysts forecast that Grupo Televisa S.A. will post -0.07 earnings per share for the current fiscal year.

Grupo Televisa Cuts Dividend

The company also recently announced an annual dividend, which was paid on Thursday, June 12th. Stockholders of record on Friday, May 30th were given a $0.0908 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a dividend yield of 390.0%. Grupo Televisa's dividend payout ratio is currently -10.67%.

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.