Grupo Televisa S.A. (NYSE:TV) Stock Has Average Target Price of $6.55

Shares of Grupo Televisa S.A. (NYSE:TV) have earned an average rating of “Reduce” from the six research firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $6.55.

TV has been the topic of several recent analyst reports. New Street Research lowered shares of Grupo Televisa from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 17th. UBS Group dropped their target price 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 research report on Friday, July 17th. Finally, Wall Street Zen cut Grupo Televisa from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st.

Grupo Televisa Stock Up 0.2%

Shares of TV opened at $2.38 on Wednesday. The company’s 50-day moving average price is $2.67 and its 200 day moving average price is $2.79. Grupo Televisa has a 12-month low of $2.18 and a 12-month high of $3.49. The company has a current ratio of 2.40, a quick ratio of 2.38 and a debt-to-equity ratio of 0.05. The firm has a market cap of $1.26 billion, a P/E ratio of -2.61, a price-to-earnings-growth ratio of 0.73 and a beta of 1.55.

Grupo Televisa (NYSE:TV) last announced its earnings results on Friday, July 24th. The company reported ($0.05) earnings per share 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 for the quarter, compared to analysts’ expectations of $818.16 million. On average, sell-side analysts forecast that Grupo Televisa will post 0.1 earnings per share for the current year.

Institutional Investors Weigh In On Grupo Televisa

Several institutional investors and hedge funds have recently modified their holdings of TV. NewEdge Advisors LLC lifted its holdings in 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 buying an additional 125,473 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new position in Grupo Televisa in the 1st quarter valued at approximately $413,000. Gabelli Funds LLC grew its stake in shares of Grupo Televisa by 1.7% in the first quarter. Gabelli Funds LLC now owns 7,819,600 shares of the company’s stock worth $22,755,000 after acquiring an additional 133,000 shares in the last quarter. Lido Advisors LLC acquired a new position in shares of Grupo Televisa in the first quarter worth $62,000. Finally, Barometer Capital Management Inc. increased its position 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 worth $1,315,000 after acquiring an additional 443,400 shares during the period. 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.