Grupo Televisa (NYSE:TV) Sees Strong Trading Volume – Here’s What Happened

Grupo Televisa S.A. (NYSE:TV) saw strong trading volume on Tuesday . 3,553,227 shares were traded during mid-day trading, an increase of 182% from the previous session’s volume of 1,259,572 shares.The stock last traded at $2.8150 and had previously closed at $2.92.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on TV shares. UBS Group raised their price objective on shares of Grupo Televisa from $2.60 to $3.70 and gave the stock a “neutral” rating in a research report on Wednesday, April 22nd. Zacks Research raised shares of Grupo Televisa from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Grupo Televisa in a research note on Monday, April 20th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Grupo Televisa in a research report on Tuesday, March 3rd. Finally, Benchmark reaffirmed a “buy” rating on shares of Grupo Televisa in a research note on Friday, January 2nd. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Grupo Televisa presently has a consensus rating of “Hold” and an average price target of $5.43.

Grupo Televisa Trading Down 2.6%

The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of -3.20, a price-to-earnings-growth ratio of 0.98 and a beta of 1.87. The business’s 50 day moving average price is $3.01 and its 200-day moving average price is $2.94. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.12 and a quick ratio of 2.11.

Grupo Televisa (NYSE:TV) last announced its quarterly earnings data on Saturday, February 14th. The company reported ($0.80) EPS for the quarter. Grupo Televisa had a negative net margin of 15.75% and a negative return on equity of 8.56%. The firm had revenue of $807.20 million during the quarter. Equities analysts forecast that Grupo Televisa S.A. will post 0.09 EPS for the current fiscal year.

Insider Activity at Grupo Televisa

In other news, Director Salmon Denise Maerker sold 565,084 shares of the firm’s stock in a transaction that occurred on Friday, March 27th. The stock was sold at an average price of $0.58, for a total value of $327,748.72. Following the completion of the sale, the director directly owned 565,084 shares of the company’s stock, valued at $327,748.72. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. QRG Capital Management Inc. purchased a new stake in shares of Grupo Televisa during the 1st quarter worth $51,000. SmartHarvest Portfolios LLC purchased a new position in shares of Grupo Televisa in the 1st quarter valued at about $30,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Grupo Televisa by 135.8% in the 4th 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 in the last quarter. Virtu Financial LLC lifted its stake in shares of Grupo Televisa by 96.1% in the fourth quarter. Virtu Financial LLC now owns 56,003 shares of the company’s stock valued at $163,000 after purchasing an additional 27,445 shares during the period. Finally, Invesco Ltd. boosted its holdings in Grupo Televisa by 12.1% during the fourth quarter. Invesco Ltd. now owns 165,287 shares of the company’s stock worth $481,000 after buying an additional 17,847 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 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.