Grupo Televisa (NYSE:TV) Shares Down 3.3% - Should You Sell?

Key Points

• Grupo Televisa shares fell 3.3% to approximately $2.49 in mid-day trading, with volume down 97% from the average.
• Analyst sentiment is cautious: the stock has a consensus rating of “Reduce”, with one Buy, three Hold, and two Sell ratings. UBS also cut its price target to $3.10.
• The company reported a quarterly loss of $0.05 per share, missing estimates by $0.06, while revenue of $816.6 million came in slightly below expectations; Televisa also posted negative margins and return on equity.

Grupo Televisa S.A. (NYSE:TV - Get Free Report)'s stock price was down 3.3% during mid-day trading on Tuesday . The company traded as low as $2.51 and last traded at $2.4850. 31,683 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 1,202,108 shares. The stock had previously closed at $2.57.

Analyst Ratings Changes

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

Grupo Televisa Stock Performance

The company has a 50-day moving average of $2.69 and a 200-day moving average of $2.80. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of -2.72, a price-to-earnings-growth ratio of 0.73 and a beta of 1.55. The company has a current ratio of 2.40, a quick ratio of 2.38 and a debt-to-equity ratio of 0.05.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. UBS Group AG boosted its stake in Grupo Televisa by 216.4% in the fourth quarter. UBS Group AG now owns 1,161,678 shares of the company's stock valued at $3,380,000 after acquiring an additional 794,514 shares during the period. 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 purchasing an additional 443,400 shares during the last quarter. TD Private Client Wealth LLC raised its position in shares of Grupo Televisa by 32.1% during the 4th quarter. TD Private Client Wealth LLC now owns 14,111 shares of the company's stock worth $41,000 after purchasing an additional 3,426 shares during the period. NewEdge Advisors LLC raised 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 worth $392,000 after purchasing an additional 125,473 shares during the period. Finally, Segall Bryant & Hamill LLC bought a new stake in shares of Grupo Televisa in the 1st quarter worth approximately $413,000. 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 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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