Grupo Televisa (NYSE:TV) Reaches New 12-Month Low - What's Next?

Key Points

• Grupo Televisa shares hit a new 52-week low, falling to $2.18 compared with the prior close of $2.30. The stock trades below its 50-day and 200-day moving averages.
• Analyst sentiment remains cautious: the consensus rating is “Reduce”, with one Buy, three Holds, and two Sells, despite a consensus price target of $6.55.
• Institutional investors own approximately 55.77% of the company, while several hedge funds recently initiated or increased positions in the stock.

Shares of Grupo Televisa S.A. (NYSE:TV - Get Free Report) reached a new 52-week low during trading on Tuesday. The stock traded as low as $2.18 and last traded at $2.1850, with a volume of 500,358 shares changing hands. The stock had previously closed at $2.30.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. New Street Research raised Grupo Televisa from a "strong sell" rating to a "hold" rating in a research report on Wednesday, October 21st. UBS Group decreased their price objective on Grupo Televisa from $3.20 to $3.10 and set a "neutral" rating on the stock in a research note on Monday, July 6th. Wall Street Zen cut Grupo Televisa from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Zacks Research cut Grupo Televisa from a "hold" rating to a "strong sell" rating in a research report on Monday, October 19th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Grupo Televisa in a research note on Thursday, October 15th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus target price of $6.55.

Grupo Televisa Price Performance

The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of -2.40, a P/E/G ratio of 0.77 and a beta of 1.54. The company has a fifty day simple moving average of $2.46 and a two-hundred day simple moving average of $2.81. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.38 and a current ratio of 2.40.

Hedge Funds Weigh In On Grupo Televisa

A number of large investors have recently bought and sold shares of TV. QRG Capital Management Inc. purchased a new position in Grupo Televisa during the 1st quarter valued at about $51,000. Lido Advisors LLC acquired a new position in shares of Grupo Televisa in the 1st quarter valued at about $62,000. NewEdge Advisors LLC lifted its position in shares of Grupo Televisa by 1,335.4% in the first quarter. NewEdge Advisors LLC now owns 134,869 shares of the company's stock worth $392,000 after purchasing an additional 125,473 shares in the last quarter. Gabelli Funds LLC boosted its holdings in shares of Grupo Televisa by 1.7% during the first quarter. Gabelli Funds LLC now owns 7,819,600 shares of the company's stock worth $22,755,000 after purchasing an additional 133,000 shares during the period. Finally, Segall Bryant & Hamill LLC acquired a new stake in shares of Grupo Televisa during the first quarter worth approximately $413,000. Hedge funds and other institutional investors own 55.77% of the company's stock.

Grupo Televisa Company Profile

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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