Grupo Televisa (NYSE:TV) Stock Crosses Below 50-Day Moving Average – What’s Next?

Grupo Televisa S.A. (NYSE:TV)’s share price passed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $2.34 and traded as low as $2.24. Grupo Televisa shares last traded at $2.2450, with a volume of 1,073,384 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Grupo Televisa in a report on Thursday, October 15th. Wall Street Zen cut shares of Grupo Televisa from a “buy” rating to a “hold” rating in a report on Sunday. UBS Group lowered their target price on shares of Grupo Televisa from $3.20 to $2.30 and set a “neutral” rating for the company in a report on Wednesday, November 4th. New Street Research raised shares of Grupo Televisa from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 21st. Finally, Zacks Research lowered shares of 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 given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $6.15.

Grupo Televisa Price Performance

The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.06 and a current ratio of 2.08. The company has a market capitalization of $1.19 billion, a PE ratio of -3.56, a P/E/G ratio of 0.77 and a beta of 1.62. The company’s 50-day simple moving average is $2.34 and its 200-day simple moving average is $2.76.

Grupo Televisa (NYSE:TV) last announced its earnings results on Thursday, October 29th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $778.61 million during the quarter, compared to analysts’ expectations of $763.71 million. As a group, sell-side analysts anticipate that Grupo Televisa S.A. will post 0.09 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of TV. Barometer Capital Management Inc. increased 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 period. NewEdge Advisors LLC raised its position in Grupo Televisa by 1,335.4% during the 1st quarter. NewEdge Advisors LLC now owns 134,869 shares of the company’s stock worth $392,000 after buying an additional 125,473 shares during the last quarter. Simplex Trading LLC raised its position in Grupo Televisa by 374.0% during the 3rd quarter. Simplex Trading LLC now owns 20,139 shares of the company’s stock worth $46,000 after buying an additional 15,890 shares during the last quarter. R Squared Ltd raised its position in Grupo Televisa by 57.6% during the 3rd quarter. R Squared Ltd now owns 33,103 shares of the company’s stock worth $75,000 after buying an additional 12,099 shares during the last quarter. Finally, First Command Advisory Services Inc. lifted its stake in shares of Grupo Televisa by 142.7% in the 3rd quarter. First Command Advisory Services Inc. now owns 34,237 shares of the company’s stock worth $78,000 after acquiring an additional 20,129 shares during the period. 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.