Weiss Ratings Reiterates Sell (D-) Rating for Grupo Televisa (NYSE:TV)

Key Points

• Weiss Ratings has reiterated a "sell (D-)" rating for Grupo Televisa, indicating ongoing concerns about the company's stock performance.
• Multiple analysts have downgraded their ratings, with Zacks lowering it from "strong-buy" to "hold" and Goldman Sachs from "buy" to "neutral," while Benchmark raised their price target from $7.00 to $9.00.
• Grupo Televisa's stock currently has an average rating of "hold" and a consensus target price of $4.70, despite trading at $2.40 recently.

Grupo Televisa (NYSE:TV - Get Free Report)'s stock had its "sell (d-)" rating reissued by Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

Other equities analysts have also issued research reports about the stock. Zacks Research lowered shares of Grupo Televisa from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. The Goldman Sachs Group lowered shares of Grupo Televisa from a "buy" rating to a "neutral" rating and set a $2.60 price objective for the company. in a research report on Friday, August 8th. Benchmark raised their price objective on shares of Grupo Televisa from $7.00 to $9.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. upgraded shares of Grupo Televisa from a "neutral" rating to an "overweight" rating in a research report on Wednesday, August 27th. Finally, UBS Group upped their price objective on shares of Grupo Televisa from $2.40 to $2.50 and gave the company a "neutral" rating in a research note on Tuesday, July 29th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $4.70.

Grupo Televisa Price Performance

TV traded down $0.02 on Friday, reaching $2.40. The company had a trading volume of 20,807,836 shares, compared to its average volume of 794,913. The company has a fifty day moving average of $2.62 and a 200-day moving average of $2.29. The company has a market capitalization of $1.33 billion, a P/E ratio of -3.19, a PEG ratio of 0.79 and a beta of 1.99. The company has a current ratio of 2.35, a quick ratio of 2.33 and a debt-to-equity ratio of 0.03. Grupo Televisa has a one year low of $1.55 and a one year high of $2.97.

Grupo Televisa (NYSE:TV - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.06. Grupo Televisa had a negative net margin of 13.56% and a negative return on equity of 6.95%. The company had revenue of $787.59 million during the quarter, compared to analyst estimates of $14.96 billion. As a group, equities research analysts anticipate that Grupo Televisa will post -0.07 earnings per share for the current year.

Hedge Funds Weigh In On Grupo Televisa

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Corient Private Wealth LLC raised its position in Grupo Televisa by 2.8% during the second quarter. Corient Private Wealth LLC now owns 237,177 shares of the company's stock valued at $519,000 after acquiring an additional 6,518 shares in the last quarter. Signaturefd LLC raised its position in Grupo Televisa by 72.7% during the first quarter. Signaturefd LLC now owns 16,085 shares of the company's stock valued at $28,000 after acquiring an additional 6,770 shares in the last quarter. EntryPoint Capital LLC raised its position in Grupo Televisa by 6.9% during the first quarter. EntryPoint Capital LLC now owns 137,851 shares of the company's stock valued at $241,000 after acquiring an additional 8,953 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. raised its position in Grupo Televisa by 2.5% during the second quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 405,950 shares of the company's stock valued at $889,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Strid Group LLC bought a new position in Grupo Televisa during the third quarter valued at approximately $27,000. Institutional investors own 55.77% of the company's stock.

About Grupo Televisa

Grupo Televisa, SAB., together with its subsidiaries, owns and operates cable companies and provides direct-to-home satellite pay television system in Mexico and the United States. It operates through three segments: Cable, Sky, and Other Businesses. The Cable segment operates cable multiple system that provides basic and premium television subscription, pay-per-view, installation, Internet subscription, and telephone and mobile services subscription, as well as local and national advertising services; and telecommunication facilities, which offers data and long-distance services solutions to carriers and other telecommunications service providers through its fiber-optic network.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.