Grupo Televisa (NYSE:TV) Stock Dropped to Hold by Wall Street Zen

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

TV has been the topic of several other research reports. New Street Research raised Grupo Televisa from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 21st. Weiss Ratings reissued a “sell (d-)” rating on shares of Grupo Televisa in a report on Thursday, October 15th. UBS Group dropped their price target on Grupo Televisa from $3.20 to $2.30 and set a “neutral” rating for the company in a report on Wednesday, November 4th. Finally, Zacks Research downgraded Grupo Televisa from a “hold” rating to a “strong sell” rating in a research note on Monday, October 19th. One 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. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $6.15.

Grupo Televisa Stock Down 0.2%

Shares of TV opened at $2.35 on Friday. Grupo Televisa has a 52 week low of $2.01 and a 52 week high of $3.49. The firm has a market cap of $1.25 billion, a P/E ratio of -3.72, a price-to-earnings-growth ratio of 0.77 and a beta of 1.62. The firm’s 50-day simple moving average is $2.36 and its 200 day simple moving average is $2.78. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.06 and a current ratio of 2.08.

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

Hedge Funds Weigh In On Grupo Televisa

A number of hedge funds have recently bought and sold shares of the business. R Squared Ltd raised its position in shares of Grupo Televisa by 57.6% in the third quarter. R Squared Ltd now owns 33,103 shares of the company’s stock valued at $75,000 after buying an additional 12,099 shares in the last quarter. First Command Advisory Services Inc. boosted its stake in shares of Grupo Televisa by 142.7% in the third quarter. First Command Advisory Services Inc. now owns 34,237 shares of the company’s stock valued at $78,000 after buying an additional 20,129 shares during the period. Simplex Trading LLC grew its position in Grupo Televisa by 374.0% during the third quarter. Simplex Trading LLC now owns 20,139 shares of the company’s stock worth $46,000 after buying an additional 15,890 shares in the last quarter. NewEdge Advisors LLC grew its position in Grupo Televisa by 1,335.4% during the first quarter. NewEdge Advisors LLC now owns 134,869 shares of the company’s stock worth $392,000 after buying an additional 125,473 shares in the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new stake in Grupo Televisa during the first quarter worth approximately $413,000. 55.77% of the stock is owned by institutional investors.

About Grupo Televisa

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.