Grupo Televisa (NYSE:TV) Upgraded to Hold at New Street Research

New Street Research upgraded shares of Grupo Televisa (NYSE:TV) from a strong sell rating to a hold rating in a report released on Wednesday,Zacks reports.

A number of other analysts also recently commented on TV. Wall Street Zen downgraded shares of Grupo Televisa from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings restated a “sell (d-)” rating on shares of Grupo Televisa in a research report on Thursday, October 15th. 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. Finally, Zacks Research cut shares of Grupo Televisa from a “hold” rating to a “strong sell” rating in a report on Monday. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $6.55.

Grupo Televisa Price Performance

Grupo Televisa stock opened at $2.37 on Wednesday. The company has a market cap of $1.26 billion, a P/E ratio of -2.60, a price-to-earnings-growth ratio of 0.78 and a beta of 1.54. Grupo Televisa has a one year low of $2.18 and a one year high of $3.49. The business has a fifty day moving average of $2.49 and a two-hundred day moving average of $2.71. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.38 and a current ratio of 2.40.

Grupo Televisa (NYSE:TV) last posted its quarterly 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). The company had revenue of $816.64 million for the quarter, compared to analyst estimates of $818.16 million. Grupo Televisa had a negative return on equity of 8.33% and a negative net margin of 15.28%. As a group, analysts predict that Grupo Televisa will post 0.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Gabelli Funds LLC boosted its position 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 buying an additional 133,000 shares in the last quarter. Barometer Capital Management Inc. grew its stake in Grupo Televisa by 5,216.5% in the 1st quarter. Barometer Capital Management Inc. now owns 451,900 shares of the company’s stock valued at $1,315,000 after acquiring an additional 443,400 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new position in Grupo Televisa during the 1st quarter valued at about $413,000. NewEdge Advisors LLC increased 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 valued at $392,000 after acquiring an additional 125,473 shares in the last quarter. Finally, Lido Advisors LLC purchased a new position in Grupo Televisa during the 1st quarter valued at about $62,000. Hedge funds and other institutional investors own 55.77% of the company’s stock.

Grupo Televisa Company Profile

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.