Grupo Televisa (NYSE:TV) Sees Large Volume Increase – Should You Buy?

Shares of Grupo Televisa S.A. (NYSE:TV) saw strong trading volume on Tuesday. Approximately 2,229,633 shares changed hands during mid-day trading, an increase of 89% from the average daily volume of 1,181,572 shares. The stock last traded at $2.0950 and had previously closed at $2.02.

Analyst Ratings Changes

A number of analysts have commented on the company. Wall Street Zen raised Grupo Televisa from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings restated a “sell (d-)” rating on shares of Grupo Televisa in a report on Thursday, October 15th. Zacks Research lowered Grupo Televisa from a “hold” rating to a “strong sell” rating in a report on Monday, October 19th. UBS Group cut their target price on Grupo Televisa from $3.20 to $3.10 and set a “neutral” rating on the stock in a research report on Monday, July 6th. Finally, New Street Research upgraded Grupo Televisa from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 21st. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $6.55.

Grupo Televisa Price Performance

The company has a market capitalization of $1.11 billion, a P/E ratio of -3.33, a price-to-earnings-growth ratio of 0.71 and a beta of 1.62. The business’s 50-day moving average is $2.40 and its two-hundred day moving average is $2.79. 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 issued its quarterly earnings data on Thursday, October 29th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. Grupo Televisa had a negative net margin of 15.28% and a negative return on equity of 8.33%. The business had revenue of $778.61 million during the quarter, compared to the consensus estimate of $763.71 million. As a group, analysts predict that Grupo Televisa S.A. will post 0.09 earnings per share for the current year.

Hedge Funds Weigh In On Grupo Televisa

A number of hedge funds and other institutional investors have recently modified their holdings of TV. Gabelli Funds LLC grew its holdings in shares of Grupo Televisa by 1.7% in the first quarter. Gabelli Funds LLC now owns 7,819,600 shares of the company’s stock valued at $22,755,000 after acquiring an additional 133,000 shares in the last quarter. Barometer Capital Management Inc. increased its position in shares of Grupo Televisa by 5,216.5% during the first quarter. Barometer Capital Management Inc. now owns 451,900 shares of the company’s stock valued at $1,315,000 after acquiring an additional 443,400 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of Grupo Televisa during the first quarter valued at approximately $413,000. NewEdge Advisors LLC lifted its holdings 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 acquiring an additional 125,473 shares during the period. Finally, Lido Advisors LLC bought a new stake in Grupo Televisa during the first quarter worth $62,000. Hedge funds and other institutional investors own 55.77% of the company’s stock.

Grupo Televisa Company Profile

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.