Grupo Televisa (NYSE:TV) Shares Gap Up After Analyst Upgrade

Key Points

• Grupo Televisa shares rose after UBS Group upgraded its price target from $2.40 to $2.50, opening at $2.52 after closing at $2.30.
• Institutional investors own 55.77% of Grupo Televisa shares, with significant increases in holdings from firms like Gamco Investors and Acadian Asset Management.
• The company reported $0.05 earnings per share for the last quarter, surpassing analysts' expectations, despite a negative net margin of 13.56%.

Grupo Televisa S.A. (NYSE:TV - Get Free Report) gapped up before the market opened on Tuesday after UBS Group raised their price target on the stock from $2.40 to $2.50. The stock had previously closed at $2.30, but opened at $2.52. UBS Group currently has a neutral rating on the stock. Grupo Televisa shares last traded at $2.55, with a volume of 1,769,361 shares traded.

Several other research firms have also commented on TV. Benchmark boosted their price objective 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. The Goldman Sachs Group boosted their price objective on shares of Grupo Televisa from $1.80 to $2.20 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Finally, Wall Street Zen lowered shares of Grupo Televisa from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $4.57.

Institutional Investors Weigh In On Grupo Televisa

A number of hedge funds have recently added to or reduced their stakes in the stock. 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 worth $28,000 after acquiring an additional 6,770 shares during the period. R Squared Ltd boosted 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 worth $37,000 after acquiring an additional 17,170 shares during the period. PEAK6 LLC acquired a new stake in Grupo Televisa during the 4th quarter worth about $41,000. Russell Investments Group Ltd. acquired a new stake in Grupo Televisa during the 4th quarter worth about $47,000. Finally, Vident Advisory LLC boosted 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 worth $50,000 after acquiring an additional 15,374 shares during the period. 55.77% of the stock is currently owned by institutional investors.

Grupo Televisa Price Performance

The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of -3.63, a price-to-earnings-growth ratio of 1.75 and a beta of 1.96. 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 has a 50-day simple moving average of $2.23 and a 200 day simple moving average of $1.99.

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 for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $14.96 billion. On average, equities research analysts forecast that Grupo Televisa S.A. will post -0.07 EPS for the current fiscal year.

Grupo Televisa Cuts Dividend

The business also recently disclosed an annual dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 30th were paid a $0.0908 dividend. This represents a dividend yield of 390.0%. The ex-dividend date of this dividend was Friday, May 30th. Grupo Televisa's dividend payout ratio (DPR) is presently -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.