Wall Street Zen Upgrades Grupo Televisa (NYSE:TV) to Buy

Grupo Televisa (NYSE:TV) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday, Wall Street Zen reports.

Several other brokerages have also weighed in on TV. Zacks Research lowered Grupo Televisa from a “hold” rating to a “strong sell” rating in a research report on Monday, October 19th. New Street Research raised shares of Grupo Televisa from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 21st. Weiss Ratings restated a “sell (d-)” rating on shares of Grupo Televisa in a research report on Thursday, October 15th. Finally, UBS Group lowered their price target on shares of Grupo Televisa from $3.20 to $3.10 and set a “neutral” rating for the company in a research report on Monday, July 6th. 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 data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $6.55.

Grupo Televisa Stock Down 2.3%

NYSE:TV opened at $2.09 on Friday. 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 stock has a 50 day moving average of $2.42 and a 200-day moving average of $2.80. The firm has a market capitalization of $1.11 billion, a PE ratio of -3.32, a price-to-earnings-growth ratio of 0.70 and a beta of 1.54. Grupo Televisa has a 52 week low of $2.07 and a 52 week high of $3.49.

Grupo Televisa (NYSE:TV) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.06. Grupo Televisa had a negative return on equity of 5.73% and a negative net margin of 10.39%. The business had revenue of $778.61 million for the quarter, compared to the consensus estimate of $767.70 million. Analysts predict that Grupo Televisa will post 0.09 EPS for the current year.

Institutional Trading of Grupo Televisa

Hedge funds have recently added to or reduced their stakes in the business. Barometer Capital Management Inc. boosted its position in Grupo Televisa by 5,216.5% during the 1st 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. QRG Capital Management Inc. bought a new position in shares of Grupo Televisa in the first quarter worth $51,000. NewEdge Advisors LLC increased its holdings in shares of Grupo Televisa by 1,335.4% during the first quarter. NewEdge Advisors LLC now owns 134,869 shares of the company’s stock valued at $392,000 after purchasing an additional 125,473 shares during the period. Segall Bryant & Hamill LLC acquired a new position in shares of Grupo Televisa during the first quarter valued at $413,000. Finally, Gabelli Funds LLC increased its holdings in shares of Grupo Televisa by 1.7% during the first quarter. Gabelli Funds LLC now owns 7,819,600 shares of the company’s stock valued at $22,755,000 after purchasing an additional 133,000 shares during the period. 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 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.