Grupo Televisa S.A. (NYSE:TV - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.90 and traded as high as $2.49. Grupo Televisa shares last traded at $2.48, with a volume of 2,709,668 shares traded.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the company. UBS Group reduced their target price on Grupo Televisa from $2.50 to $2.40 and set a "neutral" rating on the stock in a research note on Monday, June 16th. Benchmark restated a "buy" rating and issued a $7.00 price objective (down from $8.00) on shares of Grupo Televisa in a report on Wednesday, March 5th. The Goldman Sachs Group lifted their target price on shares of Grupo Televisa from $1.80 to $2.20 and gave the company a "buy" rating in a report on Wednesday, May 21st. Finally, Wall Street Zen lowered shares of Grupo Televisa from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $3.87.
Check Out Our Latest Stock Analysis on Grupo Televisa
Grupo Televisa Price Performance
The company has a market capitalization of $1.37 billion, a P/E ratio of -3.09, a P/E/G ratio of 1.52 and a beta of 1.91. The firm's fifty day moving average is $1.99 and its 200 day moving average is $1.90. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.31 and a current ratio of 2.32.
Grupo Televisa (NYSE:TV - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of ($0.06) by $0.09. Grupo Televisa had a negative net margin of 13.70% and a negative return on equity of 6.99%. The business had revenue of $763.42 million for the quarter, compared to the consensus estimate of $15.33 billion. As a group, analysts predict that Grupo Televisa S.A. will post -0.07 earnings per share for the current fiscal year.
Grupo Televisa Cuts Dividend
The business also recently declared an annual dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 30th were issued a $0.0908 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a dividend yield of 3.9%. Grupo Televisa's dividend payout ratio is currently -10.00%.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in TV. Acadian Asset Management LLC grew its position in shares of Grupo Televisa by 99.9% in the first quarter. Acadian Asset Management LLC now owns 7,688,871 shares of the company's stock valued at $13,440,000 after purchasing an additional 3,842,375 shares during the period. Vident Advisory LLC grew its holdings in Grupo Televisa by 114.8% during the 1st quarter. Vident Advisory LLC now owns 28,762 shares of the company's stock worth $50,000 after acquiring an additional 15,374 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. raised its stake in Grupo Televisa by 2.8% during the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 395,950 shares of the company's stock worth $693,000 after acquiring an additional 10,875 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in Grupo Televisa by 4.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 17,946,426 shares of the company's stock worth $31,406,000 after acquiring an additional 827,363 shares in the last quarter. Finally, Gabelli Funds LLC grew its position in Grupo Televisa by 4.3% during the 1st 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 during the last quarter. Hedge funds and other institutional investors own 55.77% of the company's stock.
Grupo Televisa Company Profile
(
Get Free Report)
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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