Grupo Televisa (NYSE:TV) Stock Rating Upgraded by New Street Research

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

TV has been the topic of a number of other reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Grupo Televisa in a research report on Thursday, October 15th. Wall Street Zen cut Grupo Televisa from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Zacks Research downgraded shares of Grupo Televisa from a “hold” rating to a “strong sell” rating in a research report on Monday. Finally, UBS Group reduced 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 equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $6.55.

Grupo Televisa Stock Down 0.6%

Shares of NYSE:TV opened at $2.37 on Wednesday. The business’s 50 day simple moving average is $2.49 and its two-hundred day simple moving average is $2.71. The firm has a market cap of $1.26 billion, a P/E ratio of -2.60, a PEG ratio of 0.78 and a beta of 1.54. 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 has a 52-week low of $2.18 and a 52-week high of $3.49.

Grupo Televisa (NYSE:TV) last announced its quarterly earnings data on Friday, July 24th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). The firm had revenue of $816.64 million during the quarter, compared to analyst estimates of $818.16 million. Grupo Televisa had a negative net margin of 15.28% and a negative return on equity of 8.33%. As a group, research analysts forecast that Grupo Televisa will post 0.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TV. Caitong International Asset Management Co. Ltd grew its holdings in Grupo Televisa by 135.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 15,499 shares of the company’s stock worth $45,000 after buying an additional 8,926 shares in the last quarter. SmartHarvest Portfolios LLC purchased a new stake in Grupo Televisa in the 1st quarter valued at $30,000. QRG Capital Management Inc. purchased a new stake in Grupo Televisa in the 1st quarter valued at $51,000. Lido Advisors LLC purchased a new stake in Grupo Televisa in the 1st quarter valued at $62,000. Finally, NewEdge Advisors LLC lifted its stake 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. 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.