Grupo Televisa (NYSE:TV) Trading Up 9.1% – Still a Buy?

Shares of Grupo Televisa S.A. (NYSE:TV) traded up 9.1% during trading on Monday . The stock traded as high as $2.57 and last traded at $2.5650. Approximately 1,287,567 shares were traded during mid-day trading, an increase of 7% from the average session volume of 1,203,777 shares. The stock had previously closed at $2.35.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TV shares. UBS Group lowered their price objective 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. New Street Research lowered shares of Grupo Televisa from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 17th. Wall Street Zen downgraded shares of Grupo Televisa from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Grupo Televisa in a report on Friday, July 17th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Grupo Televisa currently has an average rating of “Reduce” and an average target price of $6.55.

Grupo Televisa Stock Up 8.7%

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 has a market cap of $1.36 billion, a PE ratio of -2.81, a P/E/G ratio of 0.73 and a beta of 1.55. The business’s 50-day simple moving average is $2.69 and its 200 day simple moving average is $2.80.

Grupo Televisa (NYSE:TV) last announced its quarterly earnings results on Friday, July 24th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.06). Grupo Televisa had a negative return on equity of 8.33% and a negative net margin of 15.28%.The business had revenue of $816.64 million during the quarter, compared to analysts’ expectations of $818.16 million. As a group, equities research analysts expect that Grupo Televisa S.A. will post 0.1 earnings per share for the current year.

Institutional Trading of Grupo Televisa

A number of hedge funds have recently bought and sold shares of the stock. SmartHarvest Portfolios LLC bought a new position in shares of Grupo Televisa in the 1st quarter worth $30,000. AXQ Capital LP bought a new stake in Grupo Televisa during the fourth quarter valued at about $35,000. TD Private Client Wealth LLC boosted its position in Grupo Televisa by 32.1% during the fourth quarter. TD Private Client Wealth LLC now owns 14,111 shares of the company’s stock valued at $41,000 after purchasing an additional 3,426 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Grupo Televisa by 135.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 15,499 shares of the company’s stock valued at $45,000 after purchasing an additional 8,926 shares during the last quarter. Finally, QRG Capital Management Inc. purchased a new stake in shares of Grupo Televisa during the first quarter valued at about $51,000. 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 serving customers primarily in Mexico. Its principal activities include providing pay television, broadband internet, fixed-line voice and mobile services through its cable operations, as well as satellite television services through SKY.

The company also has interests in content production and distribution. In 2022, Grupo Televisa combined substantially all of its content and media assets with Univision Holdings to create TelevisaUnivision, a Spanish-language media and entertainment company.