Grupo Televisa (NYSE:TV) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Grupo Televisa S.A. (NYSE:TV)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.89 and traded as high as $2.92. Grupo Televisa shares last traded at $2.8550, with a volume of 1,265,627 shares.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Zacks Research upgraded Grupo Televisa from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. Benchmark reissued a “buy” rating on shares of Grupo Televisa in a research report on Friday, January 2nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Grupo Televisa in a research report on Tuesday, March 3rd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Grupo Televisa in a research report on Wednesday, January 21st. Two 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. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $5.07.

Grupo Televisa Stock Down 0.5%

The stock has a market cap of $1.52 billion, a price-to-earnings ratio of -3.21, a P/E/G ratio of 0.91 and a beta of 1.96. The business has a fifty day moving average of $3.10 and a 200 day moving average of $2.89. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.12 and a quick ratio of 2.11.

Grupo Televisa (NYSE:TV) last posted its earnings results on Saturday, February 14th. The company reported ($0.80) EPS for the quarter. The business had revenue of $807.20 million during the quarter. Grupo Televisa had a negative return on equity of 8.56% and a negative net margin of 15.75%. On average, equities analysts predict that Grupo Televisa S.A. will post -0.07 earnings per share for the current year.

Hedge Funds Weigh In On Grupo Televisa

Several institutional investors have recently bought and sold shares of the stock. Invesco Ltd. bought a new stake in shares of Grupo Televisa during the 1st quarter worth about $96,000. JPMorgan Chase & Co. raised its stake in shares of Grupo Televisa by 52.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 21,059,394 shares of the company’s stock valued at $46,120,000 after acquiring an additional 7,204,072 shares in the last quarter. American Century Companies Inc. lifted its holdings in Grupo Televisa by 42.7% in the 2nd quarter. American Century Companies Inc. now owns 2,056,691 shares of the company’s stock worth $4,504,000 after purchasing an additional 615,200 shares during the last quarter. Gamco Investors INC. ET AL lifted its holdings in Grupo Televisa by 3.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 18,551,819 shares of the company’s stock worth $40,628,000 after purchasing an additional 605,393 shares during the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. boosted 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 worth $889,000 after purchasing an additional 10,000 shares during the period. 55.77% of the stock is currently owned by institutional investors.

Grupo Televisa Company Profile

Grupo Televisa, SAB. is a leading Mexican multimedia conglomerate headquartered in Mexico City, specializing in the creation, production and distribution of Spanish-language content. The company operates free-to-air television networks, subscription pay-TV services, broadband and telephony under its cable arm, and a range of digital streaming platforms. Grupo Televisa’s portfolio spans news, sports, telenovelas, reality programming and original series, positioning it as one of the largest content producers in the Spanish-speaking world.

Televisa’s broadcast division includes flagship channels such as Las Estrellas and Canal 5, while its pay-TV segment features operations under brands like Sky México and Izzi Telecom.