Grupo Televisa (NYSE:TV) Stock Price Down 8.5% – Here’s Why

Grupo Televisa S.A. (NYSE:TV)’s stock price traded down 8.5% during trading on Monday . The stock traded as low as $2.74 and last traded at $2.7350. 485,120 shares changed hands during trading, a decline of 61% from the average daily volume of 1,246,183 shares. The stock had previously closed at $2.99.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on TV shares. JPMorgan Chase & Co. restated a “neutral” rating on shares of Grupo Televisa in a research note on Tuesday, March 3rd. Wall Street Zen cut Grupo Televisa from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 31st. UBS Group reduced their target price on Grupo Televisa from $3.70 to $3.20 and set a “neutral” rating for the company in a report on Monday, May 11th. New Street Research cut Grupo Televisa from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 17th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Grupo Televisa in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $5.27.

Grupo Televisa Stock Up 1.3%

The company has a debt-to-equity ratio of 0.04, a current ratio of 2.39 and a quick ratio of 2.36. The firm’s 50-day simple moving average is $2.88 and its two-hundred day simple moving average is $2.98. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of -3.39, a price-to-earnings-growth ratio of 0.52 and a beta of 1.57.

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

Insider Transactions at Grupo Televisa

In related news, Director Salmon Denise Maerker sold 565,084 shares of Grupo Televisa stock in a transaction on Friday, March 27th. The stock was sold at an average price of $0.58, for a total transaction of $327,748.72. Following the completion of the transaction, the director directly owned 565,084 shares of the company’s stock, valued at approximately $327,748.72. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Dahlhaus Jean Michel Enriquez sold 116,500 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $0.57, for a total value of $66,405.00. Following the sale, the director owned 116,500 shares in the company, valued at approximately $66,405. The trade was a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,762,584 shares of company stock worth $1,007,994 over the last ninety days.

Institutional Investors Weigh In On Grupo Televisa

Several institutional investors and hedge funds have recently made changes to their positions in TV. Invesco Ltd. purchased a new position in Grupo Televisa during the 1st quarter valued at about $96,000. Canada Pension Plan Investment Board purchased a new stake in shares of Grupo Televisa in the second quarter valued at about $1,232,000. Banco BTG Pactual S.A. acquired a new stake in shares of Grupo Televisa in the second quarter valued at approximately $208,000. Jane Street Group LLC purchased a new position in shares of Grupo Televisa during the 2nd quarter worth approximately $1,211,000. Finally, Bank of America Corp DE raised its position in shares of Grupo Televisa by 36.8% during the 2nd quarter. Bank of America Corp DE now owns 305,072 shares of the company’s stock worth $668,000 after purchasing an additional 82,118 shares during the last quarter. 55.77% of the stock is currently owned by hedge funds and other institutional investors.

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.