Grupo Televisa (NYSE:TV) Shares Gap Down – Here’s What Happened

Grupo Televisa S.A. (NYSE:TV)’s share price 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

TV has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Grupo Televisa in a report on Thursday, October 15th. Wall Street Zen cut Grupo Televisa from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. UBS Group reduced their price objective on Grupo Televisa from $3.20 to $3.10 and set a “neutral” rating for the company in a report on Monday, July 6th. Finally, Zacks Research downgraded Grupo Televisa from a “hold” rating to a “strong sell” rating in a report on Monday. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Grupo Televisa currently has a consensus rating of “Reduce” and a consensus target price of $6.55.

Grupo Televisa Price Performance

The firm has a market capitalization of $1.25 billion, a PE ratio of -2.58, a PEG ratio of 0.80 and a beta of 1.54. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.40 and a quick ratio of 2.38. The firm has a 50-day simple moving average of $2.50 and a 200-day simple moving average of $2.72.

Grupo Televisa (NYSE:TV) last released its quarterly earnings results 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 net margin of 15.28% and a negative return on equity of 8.33%. The business had revenue of $816.64 million for the quarter, compared to analysts’ expectations of $818.16 million. As a group, equities analysts forecast that Grupo Televisa S.A. will post 0.09 earnings per share for the current year.

Institutional Trading of Grupo Televisa

Several large investors have recently added to or reduced their stakes in the business. Barometer Capital Management Inc. increased its holdings in Grupo Televisa by 5,216.5% during the first quarter. Barometer Capital Management Inc. now owns 451,900 shares of the company’s stock valued at $1,315,000 after buying an additional 443,400 shares during the last quarter. NewEdge Advisors LLC raised its position in Grupo Televisa by 1,335.4% in the first quarter. NewEdge Advisors LLC now owns 134,869 shares of the company’s stock worth $392,000 after acquiring an additional 125,473 shares during the period. Segall Bryant & Hamill LLC bought a new position in Grupo Televisa in the first quarter worth approximately $413,000. Gabelli Funds LLC raised its position in 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 during the period. Finally, Lido Advisors LLC purchased a new position in shares of Grupo Televisa during the 1st quarter worth $62,000. 55.77% of the stock is currently owned by institutional investors.

About Grupo Televisa

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.