Grupo Televisa (NYSE:TV) Lowered to Strong Sell Rating by New Street Research

Grupo Televisa (NYSE:TV) was downgraded by research analysts at New Street Research from a “hold” rating to a “strong sell” rating in a report issued on Wednesday,Zacks.com reports.

Several other research analysts also recently commented on TV. Weiss Ratings reissued a “sell (d-)” rating on shares of Grupo Televisa in a report on Monday, April 20th. UBS Group cut their price target on shares of Grupo Televisa from $3.70 to $3.20 and set a “neutral” rating for the company in a report on Monday, May 11th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Grupo Televisa in a report on Tuesday, March 3rd. Finally, Wall Street Zen downgraded shares of Grupo Televisa from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 31st. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $5.27.

Grupo Televisa Stock Up 2.5%

Shares of NYSE:TV opened at $3.03 on Wednesday. The firm has a fifty day moving average price of $2.88 and a two-hundred day moving average price of $2.97. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.39 and a quick ratio of 2.36. Grupo Televisa has a one year low of $2.03 and a one year high of $3.49. The company has a market cap of $1.61 billion, a price-to-earnings ratio of -3.73, a PEG ratio of 0.57 and a beta of 1.57.

Grupo Televisa (NYSE:TV) last announced its quarterly earnings results on Saturday, February 14th. The company reported ($0.80) EPS for the quarter. Grupo Televisa had a negative net margin of 13.93% and a negative return on equity of 7.65%. The firm had revenue of $807.20 million during the quarter. Analysts anticipate that Grupo Televisa will post 0.15 EPS for the current fiscal year.

Insider Activity at Grupo Televisa

In other news, CEO Angoitia Alfonso De sold 44,500 shares of Grupo Televisa stock in a transaction on Monday, May 4th. The shares were sold at an average price of $0.57, for a total transaction of $25,365.00. Following the completion of the sale, the chief executive officer directly owned 38,813,509 shares of the company’s stock, valued at approximately $22,123,700.13. The trade was a 0.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dahlhaus Jean Michel Enriquez sold 116,500 shares of Grupo Televisa stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $0.57, for a total transaction of $66,405.00. Following the sale, the director directly owned 116,500 shares of the company’s stock, valued at $66,405. This represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,762,584 shares of company stock worth $1,007,994 in the last three months.

Institutional Trading of Grupo Televisa

Several hedge funds have recently added to or reduced their stakes in TV. Invesco Ltd. bought a new stake in Grupo Televisa in the first quarter worth $96,000. Canada Pension Plan Investment Board bought a new stake in Grupo Televisa in the second quarter worth $1,232,000. Banco BTG Pactual S.A. bought a new stake in Grupo Televisa in the second quarter worth $208,000. Jane Street Group LLC bought a new stake in Grupo Televisa in the second quarter worth $1,211,000. Finally, Bank of America Corp DE lifted its stake in Grupo Televisa by 36.8% in the second quarter. Bank of America Corp DE now owns 305,072 shares of the company’s stock worth $668,000 after purchasing an additional 82,118 shares during the last quarter. 55.77% of the stock is owned by 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.