Grupo Televisa (NYSE:TV) Sees Large Volume Increase - What's Next?

Key Points

• Trading volume surged 89% to 2.23 million shares, while Grupo Televisa stock rose 3.7% to $2.095, still below its 50-day and 200-day moving averages.
• Analyst sentiment remains mixed but leans negative: coverage includes one Buy, three Holds and two Sells, producing a consensus “Reduce” rating, despite a $6.55 average target price.
• The company beat quarterly expectations, reporting $0.09 EPS versus $0.03 expected and revenue of $778.6 million versus $763.7 million; however, it posted a negative net margin and return on equity.

Grupo Televisa S.A. (NYSE:TV - Get Free Report) shares saw unusually-strong trading volume on Tuesday. 2,229,633 shares changed hands during mid-day trading, an increase of 89% from the average daily volume of 1,181,572 shares. The stock last traded at $2.0950 and had previously closed at $2.02.

Analysts Set New Price Targets

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

Grupo Televisa Stock Up 3.7%

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 stock's 50-day moving average price is $2.40 and its 200-day moving average price is $2.79. The company has a market cap of $1.11 billion, a P/E ratio of -3.33, a PEG ratio of 0.71 and a beta of 1.62.

Grupo Televisa (NYSE:TV - Get Free Report) last issued its earnings results on Thursday, October 29th. The company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.06. The business had revenue of $778.61 million during the quarter, compared to analyst estimates of $763.71 million. Grupo Televisa had a negative return on equity of 8.33% and a negative net margin of 15.28%. As a group, research analysts forecast that Grupo Televisa S.A. will post 0.09 EPS for the current year.

Hedge Funds Weigh In On Grupo Televisa

A number of institutional investors have recently modified their holdings of TV. NewEdge Advisors LLC increased its stake in 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 purchasing an additional 125,473 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of Grupo Televisa in the first quarter valued at $413,000. Gabelli Funds LLC grew 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 valued at $22,755,000 after buying an additional 133,000 shares during the last quarter. Lido Advisors LLC acquired a new position in shares of Grupo Televisa during the first quarter valued at about $62,000. Finally, Barometer Capital Management Inc. grew its holdings 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 buying an additional 443,400 shares during the last quarter. 55.77% of the stock is owned by institutional investors and hedge funds.

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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