Brokerages Set Grupo Televisa S.A. (NYSE:TV) PT at $6.55

Shares of Grupo Televisa S.A. (NYSE:TV) have received an average recommendation of “Reduce” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $6.55.

TV has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Grupo Televisa in a research report on Friday, July 17th. Wall Street Zen lowered Grupo Televisa from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. New Street Research lowered Grupo Televisa from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 17th. Finally, UBS Group lowered 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.

Grupo Televisa Stock Performance

Shares of Grupo Televisa stock opened at $2.67 on Friday. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of -2.93, a price-to-earnings-growth ratio of 0.82 and a beta of 1.55. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.40 and a quick ratio of 2.38. The business has a 50-day moving average of $2.76 and a 200 day moving average of $2.87. Grupo Televisa has a 12 month low of $2.34 and a 12 month high of $3.49.

Grupo Televisa (NYSE:TV) last issued its quarterly earnings results 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). The business had revenue of $816.64 million for the quarter, compared to analysts’ expectations of $818.16 million. Grupo Televisa had a negative return on equity of 8.33% and a negative net margin of 15.28%. As a group, sell-side analysts forecast that Grupo Televisa will post 0.1 earnings per share for the current year.

Institutional Investors Weigh In On Grupo Televisa

Several institutional investors have recently added to or reduced their stakes in the business. Evergreen Capital Management LLC purchased a new stake in shares of Grupo Televisa in the 2nd quarter valued at about $29,000. SmartHarvest Portfolios LLC acquired a new position in Grupo Televisa during the first quarter worth approximately $30,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Grupo Televisa in the fourth quarter valued at approximately $32,000. AXQ Capital LP purchased a new stake in Grupo Televisa in the fourth quarter valued at approximately $35,000. Finally, Aigen Investment Management LP acquired a new stake in shares of Grupo Televisa in the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 55.77% of the company’s stock.

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.