TVA Group (TSE:TVA.B) Issues Quarterly Earnings Results

TVA Group (TSE:TVA.B) issued its quarterly earnings results on Thursday. The company reported C$0.74 EPS for the quarter, FiscalAI reports. TVA Group had a negative net margin of 6.87% and a negative return on equity of 10.65%. The firm had revenue of C$185.54 million for the quarter.

TVA Group Trading Up 3.1%

Shares of TSE:TVA.B opened at C$0.66 on Friday. TVA Group has a 52-week low of C$0.45 and a 52-week high of C$1.10. The company has a debt-to-equity ratio of 25.36, a quick ratio of 0.74 and a current ratio of 1.08. The company has a market capitalization of C$28.52 million, a P/E ratio of -1.53, a price-to-earnings-growth ratio of 1.90 and a beta of -0.15. The company has a 50-day simple moving average of C$0.58 and a 200 day simple moving average of C$0.60.

Analysts Set New Price Targets

Separately, National Bank Financial upgraded TVA Group from an “underperform” rating to a “sector perform” rating and raised their price target for the company from C$0.25 to C$0.75 in a research note on Tuesday, November 4th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, TVA Group has a consensus rating of “Hold” and an average target price of C$0.75.

TVA Group Company Profile

TVA Group Inc is a Canada based communications company. Along with its subsidiaries, the firm operates in three segments including the Broadcasting & Production segment which includes the operations of TVA Network, marketing of digital products, commercial production services and distribution of audiovisual products. The Magazines segment publishes French and English language magazines in various fields such as the arts, entertainment, fashion, and sports and markets digital products and provides custom publishing, commercial print production, and pre-media services.