Grupo Televisa (NYSE:TV) Lowered to Strong Sell Rating by New Street Research

Grupo Televisa (NYSE:TV) was downgraded by New Street Research from a “hold” rating to a “strong sell” rating in a report issued on Wednesday,Zacks.com reports.

TV has been the topic of a number of other research reports. Wall Street Zen cut shares of Grupo Televisa from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 31st. JPMorgan Chase & Co. restated a “neutral” rating on shares of Grupo Televisa in a research report on Tuesday, March 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of Grupo Televisa in a research report on Monday, April 20th. Finally, UBS Group decreased their price objective on shares of Grupo Televisa from $3.70 to $3.20 and set a “neutral” rating on the stock in a research report on Monday, May 11th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Grupo Televisa currently has an average rating of “Reduce” and a consensus target price of $5.27.

Grupo Televisa Stock Performance

Grupo Televisa stock opened at $3.03 on Wednesday. The company has a quick ratio of 2.36, a current ratio of 2.39 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.61 billion, a PE ratio of -3.73, a P/E/G ratio of 0.57 and a beta of 1.57. The firm has a fifty day simple moving average of $2.88 and a two-hundred day simple moving average of $2.97. Grupo Televisa has a twelve month low of $2.03 and a twelve month high of $3.49.

Grupo Televisa (NYSE:TV) last posted its quarterly earnings results on Saturday, February 14th. The company reported ($0.80) earnings per share for the quarter. The business had revenue of $807.20 million during the quarter. Grupo Televisa had a negative return on equity of 7.65% and a negative net margin of 13.93%. Research analysts expect that Grupo Televisa will post 0.15 EPS for the current year.

Insider Transactions at Grupo Televisa

In other Grupo Televisa news, Director Viadero Salvi Rafael Folch sold 200,003 shares of the business’s stock in a transaction dated Monday, May 25th. The shares were sold at an average price of $0.56, for a total value of $112,001.68. Following the transaction, the director owned 32,997 shares in the company, valued at approximately $18,478.32. The trade was a 85.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robelo Francisco Jose Chevez sold 44,500 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $0.57, for a total transaction of $25,365.00. Following the transaction, the director owned 838,275 shares in the company, valued at $477,816.75. This represents a 5.04% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 1,762,584 shares of company stock valued at $1,007,994.

Hedge Funds Weigh In On Grupo Televisa

Hedge funds and other institutional investors have recently modified their holdings of the stock. SmartHarvest Portfolios LLC purchased a new position in shares of Grupo Televisa during the first quarter valued at about $30,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Grupo Televisa during the fourth quarter valued at about $32,000. AXQ Capital LP purchased a new position in shares of Grupo Televisa during the fourth quarter valued at about $35,000. Diversified Trust Co. purchased a new position in shares of Grupo Televisa during the fourth quarter valued at about $38,000. Finally, Evergreen Capital Management LLC purchased a new position in shares of Grupo Televisa during the second quarter valued at about $29,000. Hedge funds and other institutional investors own 55.77% of the company’s stock.

About Grupo Televisa

Grupo Televisa, SAB. is a leading Mexican multimedia conglomerate headquartered in Mexico City, specializing in the creation, production and distribution of Spanish-language content. The company operates free-to-air television networks, subscription pay-TV services, broadband and telephony under its cable arm, and a range of digital streaming platforms. Grupo Televisa’s portfolio spans news, sports, telenovelas, reality programming and original series, positioning it as one of the largest content producers in the Spanish-speaking world.

Televisa’s broadcast division includes flagship channels such as Las Estrellas and Canal 5, while its pay-TV segment features operations under brands like Sky México and Izzi Telecom.