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%.

Shares of Grupo Televisa S.A. (NYSE:TV - Get Free Report) gapped up prior to trading 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 changing hands.

TV has been the topic of a number of other reports. Wall Street Zen lowered shares of Grupo Televisa from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. 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 report on Wednesday, May 21st. Finally, Benchmark upped their price target on shares of Grupo Televisa from $7.00 to $9.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $4.57.

Hedge Funds Weigh In On Grupo Televisa

Large investors have recently bought and sold shares of the stock. Signaturefd LLC increased its position in shares of Grupo Televisa by 72.7% in 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 in the last quarter. R Squared Ltd lifted its position in shares of Grupo Televisa by 405.9% in the 1st quarter. R Squared Ltd now owns 21,400 shares of the company's stock worth $37,000 after buying an additional 17,170 shares during the last quarter. PEAK6 LLC bought a new position in shares of Grupo Televisa in the 4th quarter worth about $41,000. Russell Investments Group Ltd. bought a new stake in Grupo Televisa in the 4th quarter valued at about $47,000. Finally, Vident Advisory LLC increased its stake 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 buying an additional 15,374 shares during the period. Hedge funds and other institutional investors own 55.77% of the company's stock.

Grupo Televisa Stock Performance

The company's 50 day simple moving average is $2.20 and its 200 day simple moving average is $1.98. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of -3.74, a PEG ratio of 1.57 and a beta of 1.94. The company has a debt-to-equity ratio of 0.79, a quick ratio of 2.33 and a current ratio of 2.35.

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

Grupo Televisa Cuts Dividend

The firm also recently announced an annual dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 30th were paid a $0.0908 dividend. This represents a yield of 3.9%. The ex-dividend date was Friday, May 30th. Grupo Televisa's dividend payout ratio (DPR) is presently -10.67%.

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.