Wall Street Zen Downgrades Grupo Televisa (NYSE:TV) to Hold

Grupo Televisa (NYSE:TV) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Several other research firms have also issued reports on TV. UBS Group lowered their price target on shares of Grupo Televisa from $3.20 to $3.10 and set a “neutral” rating for the company in a report on Monday, July 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Grupo Televisa in a research note on Friday, July 17th. Finally, New Street Research cut shares of Grupo Televisa from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 17th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $5.23.

Grupo Televisa Trading Up 0.2%

NYSE TV opened at $2.81 on Friday. The business’s 50-day moving average price is $2.77 and its two-hundred day moving average price is $2.94. Grupo Televisa has a 12 month low of $2.27 and a 12 month high of $3.49. The firm has a market capitalization of $1.49 billion, a PE ratio of -3.08, a price-to-earnings-growth ratio of 0.62 and a beta of 1.55. The company has a current ratio of 2.40, a quick ratio of 2.38 and a debt-to-equity ratio of 0.05.

Grupo Televisa (NYSE:TV) last issued its quarterly earnings data on Friday, July 24th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). Grupo Televisa had a negative return on equity of 8.33% and a negative net margin of 15.28%.The company had revenue of $816.64 million for the quarter, compared to the consensus estimate of $818.16 million. On average, analysts expect that Grupo Televisa will post 0.13 EPS for the current year.

Insider Buying and Selling at Grupo Televisa

In other news, Director Viadero Salvi Rafael Folch sold 200,003 shares of Grupo Televisa stock in a transaction on Monday, May 25th. The shares were sold at an average price of $0.56, for a total value of $112,001.68. Following the completion of the sale, the director owned 32,997 shares in the company, valued at $18,478.32. The trade was a 85.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Francisco Valim sold 225,000 shares of Grupo Televisa stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $0.57, for a total transaction of $128,250.00. Following the completion of the sale, the insider owned 225,000 shares of the company’s stock, valued at $128,250. This represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 574,500 shares of company stock valued at $325,135.

Institutional Investors Weigh In On Grupo Televisa

Large investors have recently bought and sold shares of the stock. Evergreen Capital Management LLC bought a new position in shares of Grupo Televisa during the 2nd quarter worth about $29,000. SmartHarvest Portfolios LLC acquired a new position in Grupo Televisa during the 1st quarter worth approximately $30,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Grupo Televisa in the fourth quarter worth approximately $32,000. AXQ Capital LP bought a new position in Grupo Televisa in the fourth quarter worth approximately $35,000. Finally, Aigen Investment Management LP bought a new position in Grupo Televisa in the fourth quarter worth approximately $38,000. 55.77% of the stock is currently owned by institutional investors and hedge funds.

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.