Grupo Televisa (NYSE:TV) Reaches New 12-Month Low – What’s Next?

Grupo Televisa S.A. (NYSE:TV)’s stock price hit a new 52-week low during mid-day trading on Tuesday. The company traded as low as $2.18 and last traded at $2.1850, with a volume of 500,358 shares changing hands. The stock had previously closed at $2.30.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. UBS Group dropped their price target on shares of Grupo Televisa from $3.20 to $3.10 and set a “neutral” rating on the stock in a research note on Monday, July 6th. Weiss Ratings reissued 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 note on Wednesday, October 21st. Wall Street Zen lowered Grupo Televisa from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Zacks Research downgraded 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 issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $6.55.

Grupo Televisa Stock Performance

The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.38 and a current ratio of 2.40. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of -2.40, a price-to-earnings-growth ratio of 0.77 and a beta of 1.54. The firm’s 50 day moving average is $2.46 and its 200-day moving average is $2.81.

Hedge Funds Weigh In On Grupo Televisa

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC raised its position in shares of Grupo Televisa by 1,335.4% in the first quarter. NewEdge Advisors LLC now owns 134,869 shares of the company’s stock valued at $392,000 after purchasing an additional 125,473 shares during the period. Segall Bryant & Hamill LLC bought a new stake in shares of Grupo Televisa during the 1st quarter worth $413,000. Gabelli Funds LLC boosted its holdings in shares of Grupo Televisa by 1.7% during the 1st 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 during the period. Lido Advisors LLC bought a new stake in shares of Grupo Televisa during the 1st quarter worth $62,000. Finally, Barometer Capital Management Inc. grew its stake 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 buying an additional 443,400 shares during the last quarter. Institutional investors and hedge funds 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.