Grupo Televisa (NYSE:TV) Shares Climb 7.1% - Time to Buy?

Key Points

• Grupo Televisa shares rose 7.1% to about $2.36 during Wednesday trading, although volume was 59% below the average daily level.
• Analyst sentiment remains weak: the stock has a consensus “Reduce” rating, with one Buy, three Holds, and two Sells; UBS also lowered its price target to $3.10.
• The company reported a quarterly loss of $0.05 per share, missing estimates by $0.06, while revenue was slightly below expectations and profitability metrics remained negative.

Grupo Televisa S.A. (NYSE:TV - Get Free Report)'s stock price shot up 7.1% during mid-day trading on Wednesday. The company traded as high as $2.36 and last traded at $2.3660. 478,777 shares traded hands during trading, a decline of 59% from the average daily volume of 1,169,513 shares. The stock had previously closed at $2.21.

Analyst Upgrades and Downgrades

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

Grupo Televisa Stock Up 6.1%

The company has a debt-to-equity ratio of 0.05, a current ratio of 2.40 and a quick ratio of 2.38. The stock has a market capitalization of $1.25 billion, a P/E ratio of -2.58, a P/E/G ratio of 0.69 and a beta of 1.54. The firm has a 50-day simple moving average of $2.54 and a 200 day simple moving average of $2.73.

Grupo Televisa (NYSE:TV - Get Free Report) last released its quarterly earnings results on Friday, July 24th. The company reported ($0.05) earnings per share 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 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, equities research analysts forecast that Grupo Televisa S.A. will post 0.10 EPS for the current year.

Institutional Investors Weigh In On Grupo Televisa

A number of institutional investors have recently modified their holdings of the company. Barometer Capital Management Inc. lifted its stake in shares of Grupo Televisa by 5,216.5% in the 1st quarter. Barometer Capital Management Inc. now owns 451,900 shares of the company's stock valued at $1,315,000 after purchasing an additional 443,400 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in Grupo Televisa in the first quarter valued at approximately $413,000. Gabelli Funds LLC increased its position 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 buying an additional 133,000 shares in the last quarter. NewEdge Advisors LLC lifted its position 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 in the last quarter. Finally, Lido Advisors LLC acquired a new position in Grupo Televisa during the first quarter worth $62,000. 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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