Grupo Televisa (NYSE:TV) Stock Price Up 9.1% – Still a Buy?

Shares of Grupo Televisa S.A. (NYSE:TV) rose 9.1% during mid-day trading on Monday . The stock traded as high as $2.57 and last traded at $2.5650. Approximately 1,287,567 shares were traded during mid-day trading, an increase of 7% from the average session volume of 1,203,777 shares. The stock had previously closed at $2.35.

Analyst Upgrades and Downgrades

Several research firms recently commented on TV. New Street Research cut Grupo Televisa from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 17th. UBS Group decreased their price objective on shares of Grupo Televisa from $3.20 to $3.10 and set a “neutral” rating for the company in a report on Monday, July 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Grupo Televisa in a report on Friday, July 17th. Finally, Wall Street Zen lowered shares of Grupo Televisa from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $6.55.

Grupo Televisa Price Performance

The firm’s fifty day simple moving average is $2.69 and its two-hundred day simple moving average is $2.80. The firm has a market cap of $1.32 billion, a PE ratio of -2.72, a P/E/G ratio of 0.79 and a beta of 1.55. The company has a quick ratio of 2.38, a current ratio of 2.40 and a debt-to-equity ratio of 0.05.

Grupo Televisa (NYSE:TV) last announced its quarterly earnings data on Friday, July 24th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 15.28% and a negative return on equity of 8.33%. As a group, research analysts expect that Grupo Televisa S.A. will post 0.1 EPS for the current year.

Hedge Funds Weigh In On Grupo Televisa

Hedge funds and other institutional investors have recently made changes to their positions in the company. SmartHarvest Portfolios LLC bought a new stake in Grupo Televisa during the 1st quarter valued at $30,000. AXQ Capital LP purchased a new stake in Grupo Televisa in the 4th quarter worth approximately $35,000. Caitong International Asset Management Co. Ltd raised its holdings in 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 worth $45,000 after purchasing an additional 8,926 shares during the period. QRG Capital Management Inc. purchased a new position in Grupo Televisa during the first quarter valued at $51,000. Finally, Lido Advisors LLC acquired a new position in Grupo Televisa in the 1st quarter valued at $62,000. Institutional investors own 55.77% of the company’s stock.

About Grupo Televisa

Grupo Televisa, SAB. is a Mexican media and telecommunications company serving customers primarily in Mexico. Its principal activities include providing pay television, broadband internet, fixed-line voice and mobile services through its cable operations, as well as satellite television services through SKY.

The company also has interests in content production and distribution. In 2022, Grupo Televisa combined substantially all of its content and media assets with Univision Holdings to create TelevisaUnivision, a Spanish-language media and entertainment company.