Grupo Televisa (NYSE:TV) Shares Gap Down - Here's What Happened

Key Points

• Grupo Televisa shares opened lower, falling from a prior close of $2.38 to $2.30 before trading near $2.374, with 24,256 shares changing hands.
• Analyst sentiment is largely negative: the stock has an average “Reduce” rating, with one Buy, two Hold, and three Sell ratings. UBS also lowered its price target to $3.10.
• The company missed quarterly expectations, reporting a loss of $0.05 per share versus an estimated $0.01 profit and revenue of $816.64 million versus $818.16 million expected; profitability metrics remained negative.

Grupo Televisa S.A. (NYSE:TV - Get Free Report) gapped down prior to trading on Wednesday. The stock had previously closed at $2.38, but opened at $2.30. Grupo Televisa shares last traded at $2.3740, with a volume of 24,256 shares.

Wall Street Analyst Weigh In

A number of research firms recently commented on TV. UBS Group lowered their price target on shares of Grupo Televisa from $3.20 to $3.10 and set a "neutral" rating for the company in a report on Monday, July 6th. Weiss Ratings reissued a "sell (d-)" rating on shares of Grupo Televisa in a report on Thursday, October 15th. Wall Street Zen lowered shares of Grupo Televisa from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Finally, Zacks Research cut shares of Grupo Televisa from a "hold" rating to a "strong sell" rating in a research report on Monday. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus price target of $6.55.

Grupo Televisa Stock Performance

The business has a fifty day moving average of $2.50 and a 200 day moving average of $2.72. The company has a market cap of $1.25 billion, a P/E ratio of -2.58, a P/E/G ratio of 0.80 and a beta of 1.54. The company has a quick ratio of 2.38, a current ratio of 2.40 and a debt-to-equity ratio of 0.05.

Grupo Televisa (NYSE:TV - Get Free Report) last issued its quarterly earnings data on Friday, July 24th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate 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 company had revenue of $816.64 million during the quarter, compared to the consensus estimate of $818.16 million. On average, equities analysts predict that Grupo Televisa S.A. will post 0.09 EPS for the current year.

Institutional Trading of Grupo Televisa

A number of institutional investors and hedge funds have recently bought and sold shares of the company. SmartHarvest Portfolios LLC purchased a new stake in shares of Grupo Televisa during the first quarter valued at approximately $30,000. Caitong International Asset Management Co. Ltd raised its holdings in Grupo Televisa by 135.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 15,499 shares of the company's stock worth $45,000 after acquiring an additional 8,926 shares during the last quarter. QRG Capital Management Inc. purchased a new position in Grupo Televisa in the 1st quarter worth approximately $51,000. Lido Advisors LLC purchased a new position in Grupo Televisa in the 1st quarter worth approximately $62,000. Finally, NewEdge Advisors LLC lifted its position in Grupo Televisa by 1,335.4% in the 1st quarter. NewEdge Advisors LLC now owns 134,869 shares of the company's stock valued at $392,000 after acquiring an additional 125,473 shares in the last quarter. 55.77% of the stock is currently owned by institutional investors.

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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