Grupo Televisa S.A. (NYSE:TV) Given Consensus Recommendation of “Reduce” by Analysts

Grupo Televisa S.A. (NYSE:TV) has received a consensus rating of “Reduce” from the six analysts that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $6.55.

Several research firms have recently weighed in on TV. Weiss Ratings restated a “sell (d-)” rating on shares of Grupo Televisa in a research note on Friday, July 17th. New Street Research cut shares of Grupo Televisa from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 17th. UBS Group dropped their price target on shares of Grupo Televisa from $3.20 to $3.10 and set a “neutral” rating on the stock in a report on Monday, July 6th. Finally, Wall Street Zen cut shares of Grupo Televisa from a “buy” rating to a “hold” rating in a report on Saturday, August 1st.

Hedge Funds Weigh In On Grupo Televisa

Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in Grupo Televisa by 21.8% during the fourth quarter. JPMorgan Chase & Co. now owns 27,315,447 shares of the company’s stock valued at $79,488,000 after acquiring an additional 4,888,475 shares during the last quarter. Gamco Investors INC. ET AL increased its position in shares of Grupo Televisa by 10.4% during the 4th quarter. Gamco Investors INC. ET AL now owns 20,897,253 shares of the company’s stock valued at $60,811,000 after purchasing an additional 1,975,268 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Grupo Televisa by 732.1% in the 4th quarter. Marshall Wace LLP now owns 1,447,810 shares of the company’s stock worth $4,213,000 after purchasing an additional 1,273,818 shares during the period. Man Group plc bought a new position in shares of Grupo Televisa in the 2nd quarter worth approximately $2,291,000. Finally, Citadel Advisors LLC boosted its holdings in shares of Grupo Televisa by 921.3% in the third quarter. Citadel Advisors LLC now owns 1,083,641 shares of the company’s stock worth $2,915,000 after buying an additional 977,541 shares during the last quarter. 55.77% of the stock is owned by institutional investors.

Grupo Televisa Price Performance

Shares of TV opened at $2.63 on Friday. The firm’s 50-day simple moving average is $2.76 and its two-hundred day simple moving average is $2.86. Grupo Televisa has a fifty-two week low of $2.34 and a fifty-two week high of $3.49. The stock has a market cap of $1.40 billion, a PE ratio of -2.89, a price-to-earnings-growth ratio of 0.82 and a beta of 1.55. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.38 and a current ratio of 2.40.

Grupo Televisa (NYSE:TV) last posted its quarterly earnings results on Friday, July 24th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Analysts anticipate that Grupo Televisa will post 0.1 earnings per share for the current fiscal year.

About Grupo Televisa

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.