Grupo Televisa (NYSE:TV) Hits New 1-Year Low - Here's What Happened

Key Points

• Grupo Televisa shares hit a new 52-week low, falling to $2.05 before last trading around $2.07, down 2.2%.
• Analyst sentiment remains cautious: the stock has a consensus rating of “Reduce,” with one Buy, three Hold, and two Sell ratings, despite an average price target of $6.55.
• The company exceeded quarterly expectations, reporting $0.09 EPS versus $0.03 expected and revenue of $778.61 million versus $763.65 million expected; institutional investors own 55.77% of the stock.

Grupo Televisa S.A. (NYSE:TV - Get Free Report)'s stock price hit a new 52-week low on Monday. The stock traded as low as $2.05 and last traded at $2.0740, with a volume of 128,438 shares traded. The stock had previously closed at $2.09.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TV. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Grupo Televisa in a report on Thursday, October 15th. UBS Group cut their price target on Grupo Televisa from $3.20 to $3.10 and set a "neutral" rating on the stock in a research report on Monday, July 6th. Wall Street Zen raised Grupo Televisa from a "hold" rating to a "buy" rating in a report on Saturday. Zacks Research downgraded Grupo Televisa from a "hold" rating to a "strong sell" rating in a research note on Monday, October 19th. Finally, New Street Research raised Grupo Televisa from a "strong sell" rating to a "hold" rating in a report on Wednesday, October 21st. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Grupo Televisa has a consensus rating of "Reduce" and an average price target of $6.55.

Grupo Televisa Trading Down 2.2%

The company has a current ratio of 2.40, a quick ratio of 2.38 and a debt-to-equity ratio of 0.05. The company has a fifty day simple moving average of $2.42 and a 200-day simple moving average of $2.80. The company has a market capitalization of $1.09 billion, a PE ratio of -3.23, a PEG ratio of 0.68 and a beta of 1.62.

Grupo Televisa (NYSE:TV - Get Free Report) last posted its earnings results on Thursday, October 29th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.06. The company had revenue of $778.61 million during the quarter, compared to analysts' expectations of $763.65 million. Grupo Televisa had a negative return on equity of 5.73% and a negative net margin of 10.39%. Analysts predict that Grupo Televisa S.A. will post 0.09 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TV. NewEdge Advisors LLC boosted its stake in shares of Grupo Televisa by 1,335.4% during the 1st quarter. NewEdge Advisors LLC now owns 134,869 shares of the company's stock valued at $392,000 after buying an additional 125,473 shares during the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of Grupo Televisa in the first quarter valued at approximately $413,000. Gabelli Funds LLC boosted its holdings in shares of Grupo Televisa by 1.7% in the first quarter. Gabelli Funds LLC now owns 7,819,600 shares of the company's stock valued at $22,755,000 after acquiring an additional 133,000 shares in the last quarter. Lido Advisors LLC acquired a new position in shares of Grupo Televisa during the first quarter valued at approximately $62,000. Finally, Barometer Capital Management Inc. increased its stake in shares of Grupo Televisa by 5,216.5% during the first quarter. Barometer Capital Management Inc. now owns 451,900 shares of the company's stock valued at $1,315,000 after acquiring an additional 443,400 shares during the period. Institutional investors and hedge funds own 55.77% of the company's stock.

About Grupo Televisa

Grupo Televisa, SAB. is a Mexican media and telecommunications company headquartered in Mexico City. Its operations include pay television, broadband and fixed-line telecommunications services, primarily through its izzi brand, as well as satellite television services through Sky México. The company serves residential and commercial customers across Mexico.

Televisa also maintains interests in content and entertainment businesses. In 2022, it combined substantially all of its media and content assets with Univision to create TelevisaUnivision, a Spanish-language media company serving audiences in Mexico, the United States and other international markets.

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