Grupo Televisa (NYSE:TV) Trading 9.1% Higher - Still a Buy?

Key Points

• Grupo Televisa shares jumped 9.1% to $2.565 during Monday trading, with volume slightly above the average session level.
• Analyst sentiment remains cautious: the stock has a consensus rating of “Reduce”, with one Buy, three Hold, and two Sell ratings; recent analysts have lowered targets or downgraded the shares.
• The company recently missed quarterly earnings expectations, reporting a $0.05 per-share loss versus an expected $0.01 profit, while revenue was slightly below estimates and profitability metrics remained negative.

Grupo Televisa S.A. (NYSE:TV - Get Free Report)'s share price was up 9.1% during trading on Monday . The company traded as high as $2.57 and last traded at $2.5650. 1,287,567 shares changed hands during mid-day trading, an increase of 7% from the average session volume of 1,203,777 shares. The stock had previously closed at $2.35.

Wall Street Analyst Weigh In

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

Grupo Televisa Stock Up 8.7%

The company has a market cap of $1.36 billion, a P/E ratio of -2.81, a price-to-earnings-growth ratio of 0.73 and a beta of 1.55. The company has a quick ratio of 2.38, a current ratio of 2.40 and a debt-to-equity ratio of 0.05. The company has a fifty day moving average of $2.69 and a 200 day moving average of $2.80.

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

Hedge Funds Weigh In On Grupo Televisa

Several large investors have recently added to or reduced their stakes in TV. TD Private Client Wealth LLC raised its holdings in shares of Grupo Televisa by 32.1% in the fourth 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 period. Caitong International Asset Management Co. Ltd boosted 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 valued at $45,000 after acquiring an additional 8,926 shares during the period. SmartHarvest Portfolios LLC bought a new position in Grupo Televisa in the 1st quarter valued at $30,000. AXQ Capital LP purchased a new stake in Grupo Televisa in the fourth quarter worth $35,000. Finally, QRG Capital Management Inc. bought a new stake in shares of Grupo Televisa during the first quarter worth $51,000. Hedge funds and other institutional investors own 55.77% of the company's stock.

About Grupo Televisa

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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