Grupo Televisa (NYSE:TV) Stock Rating Lowered by Zacks Research

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

Several other brokerages have also recently commented on TV. Wall Street Zen cut shares of Grupo Televisa from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings restated a “sell (d-)” rating on shares of Grupo Televisa in a research report on Thursday, October 15th. Finally, UBS Group lowered their price objective on shares of Grupo Televisa from $3.20 to $3.10 and set a “neutral” rating on the stock in a research note on Monday, July 6th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Grupo Televisa presently has a consensus rating of “Reduce” and an average target price of $6.55.

Grupo Televisa Stock Down 2.3%

TV opened at $2.38 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.38 and a current ratio of 2.40. The company has a market capitalization of $1.27 billion, a PE ratio of -2.62, a P/E/G ratio of 0.80 and a beta of 1.54. The stock’s fifty day moving average is $2.50 and its 200-day moving average is $2.72. Grupo Televisa has a one year low of $2.18 and a one year high of $3.49.

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

Institutional Investors Weigh In On Grupo Televisa

A number of institutional investors and hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC boosted its stake in shares of Grupo Televisa by 1,335.4% during the 1st quarter. NewEdge Advisors LLC now owns 134,869 shares of the company’s stock worth $392,000 after acquiring an additional 125,473 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of Grupo Televisa in the 1st quarter worth $413,000. Gabelli Funds LLC raised its position in shares of Grupo Televisa by 1.7% during the first quarter. Gabelli Funds LLC now owns 7,819,600 shares of the company’s stock worth $22,755,000 after purchasing an additional 133,000 shares during the period. Lido Advisors LLC acquired a new stake in shares of Grupo Televisa during the first quarter worth $62,000. Finally, Barometer Capital Management Inc. raised its position in shares of 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 purchasing an additional 443,400 shares during the period. Institutional investors and hedge funds own 55.77% of the company’s stock.

About Grupo Televisa

Grupo Televisa, SAB. is a Mexican media and telecommunications company headquartered in Mexico City. Its principal operating businesses include izzi, which provides broadband internet, pay television, fixed-line telephone and related telecommunications services, and SKY México, a subscription-based satellite television provider. The company serves residential and business customers primarily in Mexico.

Televisa was formed in 1973 through the merger of Telesistema Mexicano and Televisión Independiente de México.