Grupo Televisa S.A. (NYSE:TV) Stock Has Average Price Target of $6.55

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

TV has been the subject of a number of recent analyst reports. Zacks Research cut shares of Grupo Televisa from a “hold” rating to a “strong sell” rating in a report on Monday. Weiss Ratings reissued a “sell (d-)” rating on shares of Grupo Televisa in a research report on Thursday, October 15th. UBS Group decreased their target price on Grupo Televisa from $3.20 to $3.10 and set a “neutral” rating for the company in a research note on Monday, July 6th. New Street Research raised Grupo Televisa from a “strong sell” rating to a “hold” rating in a report on Wednesday. Finally, Wall Street Zen downgraded Grupo Televisa from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st.

Institutional Investors Weigh In On Grupo Televisa

Several hedge funds and other institutional investors have recently modified their holdings of TV. Barometer Capital Management Inc. increased its position in Grupo Televisa by 5,216.5% during the first quarter. Barometer Capital Management Inc. now owns 451,900 shares of the company’s stock worth $1,315,000 after acquiring an additional 443,400 shares during the period. QRG Capital Management Inc. acquired a new position in Grupo Televisa during the 1st quarter valued at $51,000. Caitong International Asset Management Co. Ltd boosted 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 valued at $45,000 after purchasing an additional 8,926 shares during the period. SmartHarvest Portfolios LLC bought a new stake in Grupo Televisa in the 1st quarter valued at $30,000. Finally, NewEdge Advisors LLC grew its position in Grupo Televisa by 1,335.4% in the 1st quarter. NewEdge Advisors LLC now owns 134,869 shares of the company’s stock worth $392,000 after purchasing an additional 125,473 shares during the last quarter. Institutional investors and hedge funds own 55.77% of the company’s stock.

Grupo Televisa Stock Up 1.1%

Shares of Grupo Televisa stock opened at $2.38 on Friday. The stock has a market capitalization of $1.27 billion, a P/E ratio of -2.62, a PEG ratio of 0.77 and a beta of 1.54. The company has a quick ratio of 2.38, a current ratio of 2.40 and a debt-to-equity ratio of 0.05. The stock has a 50 day moving average price of $2.48 and a two-hundred day moving average price of $2.71. Grupo Televisa has a 12-month low of $2.18 and a 12-month high of $3.49.

Grupo Televisa (NYSE:TV) last announced its quarterly earnings results on Friday, July 24th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.06). Grupo Televisa had a negative net margin of 15.28% and a negative return on equity of 8.33%. The company had revenue of $816.64 million for the quarter, compared to analyst estimates of $818.16 million. Equities analysts expect that Grupo Televisa will post 0.09 earnings per share for the current year.

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.