Grupo Televisa (NYSE:TV) Downgraded to Hold Rating 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 Saturday morning.

Several other analysts have also commented on the stock. New Street Research lowered shares of Grupo Televisa from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of Grupo Televisa in a research report on Friday, July 17th. Finally, UBS Group decreased their price target on shares of Grupo Televisa from $3.20 to $3.10 and set a “neutral” rating for the company in a research note on Monday, July 6th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $5.23.

Grupo Televisa Trading Down 2.6%

NYSE TV opened at $2.81 on Friday. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of -3.08, a PEG ratio of 0.62 and a beta of 1.55. Grupo Televisa has a one year low of $2.27 and a one year high of $3.49. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.40 and a quick ratio of 2.36. The business’s fifty day moving average is $2.77 and its 200-day moving average is $2.94.

Grupo Televisa (NYSE:TV) last issued its quarterly earnings results on Friday, July 24th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). The company had revenue of $816.64 million during the quarter, compared to analysts’ expectations of $818.16 million. Grupo Televisa had a negative return on equity of 8.33% and a negative net margin of 15.28%. Equities research analysts predict that Grupo Televisa will post 0.13 EPS for the current year.

Insider Buying and Selling

In related news, Director Robelo Francisco Jose Chevez sold 44,500 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $0.57, for a total value of $25,365.00. Following the sale, the director directly owned 838,275 shares in the company, valued at approximately $477,816.75. The trade was a 5.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Francisco Valim sold 225,000 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $0.57, for a total transaction of $128,250.00. Following the sale, the insider directly owned 225,000 shares in the company, valued at approximately $128,250. This trade represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,197,500 shares of company stock worth $680,245 in the last quarter.

Hedge Funds Weigh In On Grupo Televisa

Large investors have recently modified their holdings of the business. Evergreen Capital Management LLC bought a new stake in shares of Grupo Televisa in the second quarter valued at approximately $29,000. SmartHarvest Portfolios LLC bought a new position in Grupo Televisa in the 1st quarter worth approximately $30,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Grupo Televisa in the 4th quarter valued at approximately $32,000. AXQ Capital LP purchased a new position in Grupo Televisa in the 4th quarter valued at approximately $35,000. Finally, Aigen Investment Management LP bought a new stake in Grupo Televisa during the 4th quarter valued at $38,000. Hedge funds and other institutional investors own 55.77% of the company’s stock.

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.