Grupo Televisa (NYSE:TV) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Grupo Televisa (NYSE:TV) from a buy rating to a hold rating in a research report released on Sunday,Wall Street Zen reports.

Other analysts have also issued reports about the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Grupo Televisa in a research report on Thursday, October 15th. New Street Research upgraded Grupo Televisa from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 21st. UBS Group cut their price objective on Grupo Televisa from $3.20 to $2.30 and set a “neutral” rating for the company in a research report on Wednesday, November 4th. Finally, Zacks Research lowered Grupo Televisa from a “hold” rating to a “strong sell” rating in a research note on Monday, October 19th. One investment 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $6.15.

Grupo Televisa Stock Performance

Shares of TV stock opened at $2.35 on Friday. The company has a market cap of $1.25 billion, a price-to-earnings ratio of -3.74, a price-to-earnings-growth ratio of 0.77 and a beta of 1.62. The stock has a 50 day simple moving average of $2.34 and a 200-day simple moving average of $2.77. Grupo Televisa has a 12-month low of $2.01 and a 12-month high of $3.49. The company has a current ratio of 2.08, a quick ratio of 2.06 and a debt-to-equity ratio of 0.05.

Grupo Televisa (NYSE:TV) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.03 by $0.06. Grupo Televisa had a negative return on equity of 5.60% and a negative net margin of 10.39%. The business had revenue of $778.61 million during the quarter, compared to analysts’ expectations of $763.71 million. On average, equities analysts forecast that Grupo Televisa will post 0.09 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Barometer Capital Management Inc. lifted its holdings in Grupo Televisa by 5,216.5% in the 1st quarter. Barometer Capital Management Inc. now owns 451,900 shares of the company’s stock valued at $1,315,000 after purchasing an additional 443,400 shares in the last quarter. First Command Advisory Services Inc. boosted its stake in shares of Grupo Televisa by 142.7% during the 3rd quarter. First Command Advisory Services Inc. now owns 34,237 shares of the company’s stock worth $78,000 after purchasing an additional 20,129 shares during the last quarter. QRG Capital Management Inc. acquired a new stake in shares of Grupo Televisa during the 1st quarter worth about $51,000. Gabelli Funds LLC grew 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 worth $22,755,000 after buying an additional 133,000 shares in the last quarter. Finally, Lido Advisors LLC purchased a new stake in shares of Grupo Televisa during the first quarter worth about $62,000. Institutional investors and hedge funds own 55.77% of the company’s stock.

Grupo Televisa Company Profile

Grupo Televisa is a Mexican media and telecommunications company with operations focused on cable and pay-TV services. It provides customers with television programming, broadband internet and telephone services, including satellite television through Sky. The company traces its roots to Telesistema Mexicano, formed in 1955, and became Grupo Televisa in 1973. It built a long-standing presence in Mexican broadcasting and Spanish-language entertainment. Following the 2022 combination of Televisa’s content and media assets with Univision, the resulting TelevisaUnivision became a separate company.