Grupo Televisa’s (TV) Neutral Rating Reaffirmed at JPMorgan Chase & Co.

Grupo Televisa (NYSE:TV)‘s stock had its “neutral” rating reiterated by analysts at JPMorgan Chase & Co. in a report released on Tuesday,Benzinga reports.

TV has been the subject of several other research reports. Zacks Research upgraded Grupo Televisa from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Benchmark reissued a “buy” rating on shares of Grupo Televisa in a research note on Friday, January 2nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Grupo Televisa in a report on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Grupo Televisa has a consensus rating of “Hold” and an average price target of $5.07.

Grupo Televisa Stock Down 5.6%

Shares of TV opened at $2.79 on Tuesday. The company has a quick ratio of 2.29, a current ratio of 2.31 and a debt-to-equity ratio of 0.03. Grupo Televisa has a twelve month low of $1.55 and a twelve month high of $3.49. The company has a 50 day moving average of $3.13 and a 200-day moving average of $2.86.

Grupo Televisa (NYSE:TV) last announced its earnings results on Thursday, February 26th. The company reported ($0.78) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.77). The business had revenue of $794.82 million for the quarter, compared to analyst estimates of $799.01 million. Grupo Televisa had a negative return on equity of 8.42% and a negative net margin of 15.75%. On average, sell-side analysts predict that Grupo Televisa will post -0.07 EPS for the current year.

Hedge Funds Weigh In On Grupo Televisa

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. TD Private Client Wealth LLC increased its holdings in shares of Grupo Televisa by 32.1% in the fourth quarter. TD Private Client Wealth LLC now owns 14,111 shares of the company’s stock valued at $41,000 after purchasing an additional 3,426 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in shares of Grupo Televisa by 2.8% during the 2nd quarter. Corient Private Wealth LLC now owns 237,177 shares of the company’s stock worth $519,000 after buying an additional 6,518 shares during the period. Squarepoint Ops LLC grew its stake in Grupo Televisa by 22.8% in the 4th quarter. Squarepoint Ops LLC now owns 38,683 shares of the company’s stock valued at $113,000 after buying an additional 7,176 shares during the last quarter. R Squared Ltd grew its stake in Grupo Televisa by 16.8% in the 4th quarter. R Squared Ltd now owns 54,574 shares of the company’s stock valued at $159,000 after buying an additional 7,862 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised 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 acquiring an additional 8,926 shares during the period. 55.77% of the stock is owned by institutional investors.

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.