Grupo Televisa (NYSE:TV) Sets New 1-Year Low - Should You Sell?

Key Points

• Grupo Televisa shares fell to a new 52-week low of $2.18, trading below both their 50-day and 200-day moving averages.
• Analyst sentiment is broadly negative: the stock carries a consensus “Reduce” rating, including two Sell ratings, while UBS cut its price target to $3.10. The consensus target remains $6.55.
• The company reported a quarterly loss of $0.05 per share, missing the $0.01 estimate, and posted a negative net margin of 15.28%, despite maintaining strong liquidity and low leverage.

Grupo Televisa S.A. (NYSE:TV - Get Free Report) shares hit a new 52-week low during mid-day trading on Friday. The company traded as low as $2.18 and last traded at $2.2150, with a volume of 262095 shares changing hands. The stock had previously closed at $2.24.

Wall Street Analysts Forecast Growth

TV has been the topic of several research analyst reports. UBS Group lowered their target price on shares of Grupo Televisa from $3.20 to $3.10 and set a "neutral" rating on the stock in a research note on Monday, July 6th. New Street Research cut shares of Grupo Televisa from a "hold" rating to a "strong sell" rating in a report on Wednesday, June 17th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Grupo Televisa in a research note on Friday, July 17th. Finally, Wall Street Zen downgraded Grupo Televisa from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Grupo Televisa currently has an average rating of "Reduce" and a consensus price target of $6.55.

Grupo Televisa Stock Down 1.6%

The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.38 and a current ratio of 2.40. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of -2.42, a P/E/G ratio of 0.69 and a beta of 1.54. The stock's fifty day simple moving average is $2.57 and its two-hundred day simple moving average is $2.75.

Grupo Televisa (NYSE:TV - Get Free Report) last released its earnings results on Friday, July 24th. The company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.06). The business had revenue of $816.64 million during the quarter, compared to the consensus estimate of $818.16 million. Grupo Televisa had a negative return on equity of 8.33% and a negative net margin of 15.28%. On average, sell-side analysts anticipate that Grupo Televisa S.A. will post 0.1 EPS for the current year.

Institutional Investors Weigh In On Grupo Televisa

Several large investors have recently modified their holdings of TV. SmartHarvest Portfolios LLC acquired a new stake in shares of Grupo Televisa during the first quarter worth $30,000. Caitong International Asset Management Co. Ltd raised its holdings in Grupo Televisa by 135.8% during the 4th 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. QRG Capital Management Inc. purchased a new stake in Grupo Televisa during the first quarter valued at about $51,000. Lido Advisors LLC acquired a new position in shares of Grupo Televisa in the first quarter worth about $62,000. Finally, NewEdge Advisors LLC increased 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 acquiring an additional 125,473 shares in the last quarter. 55.77% of the stock is owned by institutional investors.

About Grupo Televisa

Grupo Televisa, SAB. is a Mexican media and telecommunications company headquartered in Mexico City. Its principal operating businesses include izzi, which provides broadband internet, pay television, fixed-line telephone and related telecommunications services, and SKY México, a subscription-based satellite television provider. The company serves residential and business customers primarily in Mexico.

Televisa was formed in 1973 through the merger of Telesistema Mexicano and Televisión Independiente de México.

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