Grupo Televisa (NYSE:TV) Stock Rating Lowered by Zacks Research

Grupo Televisa (NYSE:TV) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday, Zacks reports.

TV has been the topic of a number of other reports. UBS Group dropped 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 reiterated a “sell (d-)” rating on shares of Grupo Televisa in a research note on Thursday, October 15th. Finally, Wall Street Zen cut Grupo Televisa from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company’s 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 Down 2.3%

Grupo Televisa stock opened at $2.38 on Monday. Grupo Televisa has a 1-year low of $2.18 and a 1-year high of $3.49. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of -2.62, a price-to-earnings-growth ratio of 0.80 and a beta of 1.54. 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’s fifty day moving average price is $2.50 and its two-hundred day moving average price is $2.72.

Grupo Televisa (NYSE:TV) 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). Grupo Televisa had a negative net margin of 15.28% and a negative return on equity of 8.33%. The company had revenue of $816.64 million during the quarter, compared to the consensus estimate of $818.16 million. On average, equities research analysts predict that Grupo Televisa will post 0.09 earnings per share for the current fiscal year.

Institutional Trading of Grupo Televisa

Several institutional investors and hedge funds have recently made changes to their positions in TV. Gabelli Funds LLC boosted its holdings in shares of Grupo Televisa by 1.7% in the 1st quarter. Gabelli Funds LLC now owns 7,819,600 shares of the company’s stock worth $22,755,000 after purchasing an additional 133,000 shares in the last quarter. Barometer Capital Management Inc. boosted its position 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 period. Segall Bryant & Hamill LLC purchased a new stake in Grupo Televisa during the 1st quarter valued at about $413,000. NewEdge Advisors LLC grew its position 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 acquiring an additional 125,473 shares during the last quarter. Finally, Lido Advisors LLC bought a new stake in Grupo Televisa in the first quarter valued at approximately $62,000. 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 headquartered in Mexico City. Its principal operating businesses include izzi, which provides broadband internet, pay television, fixed-line telephone and related telecommunications services, and SKY México, a subscription-based satellite television provider. The company serves residential and business customers primarily in Mexico.

Televisa was formed in 1973 through the merger of Telesistema Mexicano and Televisión Independiente de México.