Grupo Televisa (NYSE:TV) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• Trading volume surged 251% to about 4.18 million shares, while Grupo Televisa’s stock slipped 0.6% to approximately $2.33.
• Analyst sentiment is largely negative: the stock carries an average “Reduce” rating, with one Buy, three Hold, and two Sell ratings. The consensus price target is $6.55.
• The company missed quarterly earnings expectations, reporting a loss of $0.05 per share versus the projected $0.01 profit, alongside a negative net margin of 15.28%.

Shares of Grupo Televisa S.A. (NYSE:TV - Get Free Report) saw an uptick in trading volume on Friday . Approximately 4,183,613 shares traded hands during mid-day trading, an increase of 251% from the previous session's volume of 1,190,465 shares.The stock last traded at $2.3260 and had previously closed at $2.34.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TV shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of Grupo Televisa in a research note on Friday, July 17th. New Street Research downgraded Grupo Televisa from a "hold" rating to a "strong sell" rating in a research report on Wednesday, June 17th. UBS Group lowered their price objective on Grupo Televisa from $3.20 to $3.10 and set a "neutral" rating for the company in a research report on Monday, July 6th. Finally, Wall Street Zen lowered Grupo Televisa from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. 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. According to MarketBeat.com, Grupo Televisa has an average rating of "Reduce" and a consensus price target of $6.55.

Grupo Televisa Trading Down 0.6%

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 $2.70 and a 200-day simple moving average of $2.80. The company has a market capitalization of $1.24 billion, a PE ratio of -2.57, a PEG ratio of 0.68 and a beta of 1.55.

Grupo Televisa (NYSE:TV - Get Free Report) last posted its earnings results on Friday, July 24th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.06). The firm had revenue of $816.64 million for the quarter, compared to analyst estimates of $818.16 million. Grupo Televisa had a negative return on equity of 8.33% and a negative net margin of 15.28%. Analysts predict that Grupo Televisa S.A. will post 0.1 EPS for the current year.

Institutional Trading of Grupo Televisa

A number of institutional investors have recently added to or reduced their stakes in the stock. SmartHarvest Portfolios LLC purchased a new stake in Grupo Televisa in the first quarter valued at approximately $30,000. AXQ Capital LP acquired a new position in Grupo Televisa in the fourth quarter worth about $35,000. TD Private Client Wealth LLC lifted its position in shares of Grupo Televisa by 32.1% in the 4th quarter. TD Private Client Wealth LLC now owns 14,111 shares of the company's stock worth $41,000 after buying an additional 3,426 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its position in Grupo Televisa by 135.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 15,499 shares of the company's stock worth $45,000 after buying an additional 8,926 shares during the period. Finally, QRG Capital Management Inc. acquired a new position in shares of Grupo Televisa during the first quarter worth approximately $51,000. 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 serving customers primarily in Mexico. Its principal activities include providing pay television, broadband internet, fixed-line voice and mobile services through its cable operations, as well as satellite television services through SKY.

The company also has interests in content production and distribution. In 2022, Grupo Televisa combined substantially all of its content and media assets with Univision Holdings to create TelevisaUnivision, a Spanish-language media and entertainment company.

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