Grupo Televisa (NYSE:TV) Sets New 52-Week Low – Time to Sell?

Shares of Grupo Televisa S.A. (NYSE:TV) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $2.31 and last traded at $2.4020, with a volume of 435275 shares. The stock had previously closed at $2.63.

Wall Street Analyst Weigh In

A number of research firms have commented on TV. New Street Research downgraded Grupo Televisa from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Grupo Televisa in a research note on Friday, July 17th. Wall Street Zen lowered shares of Grupo Televisa from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, UBS Group lowered their price objective 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. 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $6.55.

Grupo Televisa Trading Down 4.6%

The business has a fifty day simple moving average of $2.75 and a 200 day simple moving average of $2.84. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of -2.63, a PEG ratio of 0.78 and a beta of 1.55. 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 (NYSE:TV) last released its quarterly earnings results on Friday, July 24th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.06). The company had revenue of $816.64 million for the quarter, compared to analysts’ expectations of $818.16 million. Grupo Televisa had a negative return on equity of 8.33% and a negative net margin of 15.28%. As a group, equities analysts anticipate that Grupo Televisa S.A. will post 0.1 EPS for the current year.

Institutional Investors Weigh In On Grupo Televisa

A number of hedge funds and other institutional investors have recently modified their holdings of TV. SmartHarvest Portfolios LLC acquired a new position in shares of Grupo Televisa in the first quarter valued at approximately $30,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Grupo Televisa during the fourth quarter worth approximately $32,000. AXQ Capital LP purchased a new stake in Grupo Televisa in the 4th quarter worth approximately $35,000. Evergreen Capital Management LLC acquired a new position in Grupo Televisa in the 2nd quarter valued at $29,000. Finally, Aigen Investment Management LP acquired a new position in Grupo Televisa in the 4th quarter valued at $38,000. 55.77% of the stock is currently owned by hedge funds and other institutional investors.

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.