Grupo Televisa (NYSE:TV) Stock Price Up 7.1% – Still a Buy?

Grupo Televisa S.A. (NYSE:TV) shares were up 7.1% during mid-day trading on Wednesday. The stock traded as high as $2.36 and last traded at $2.3660. 478,777 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 1,169,513 shares. The stock had previously closed at $2.21.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. UBS Group lowered their price objective on Grupo Televisa from $3.20 to $3.10 and set a “neutral” rating on the stock in a research report on Monday, July 6th. Wall Street Zen cut shares of Grupo Televisa from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Grupo Televisa in a research note on Friday, July 17th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $6.55.

Grupo Televisa Price Performance

The company’s fifty day moving average price is $2.52 and its 200 day moving average price is $2.73. The company has a market capitalization of $1.30 billion, a P/E ratio of -2.69, a PEG ratio of 0.73 and a beta of 1.54. The company has a quick ratio of 2.38, a current ratio of 2.40 and a debt-to-equity ratio of 0.05.

Grupo Televisa (NYSE:TV) last released its quarterly earnings results on Friday, July 24th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). The business had revenue of $816.64 million during the quarter, compared to analyst estimates of $818.16 million. Grupo Televisa had a negative net margin of 15.28% and a negative return on equity of 8.33%. As a group, sell-side analysts forecast that Grupo Televisa S.A. will post 0.10 EPS for the current year.

Hedge Funds Weigh In On Grupo Televisa

A number of hedge funds have recently added to or reduced their stakes in the stock. SmartHarvest Portfolios LLC bought a new stake in shares of Grupo Televisa during the 1st quarter valued at $30,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Grupo Televisa by 135.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 15,499 shares of the company’s stock worth $45,000 after purchasing an additional 8,926 shares in the last quarter. QRG Capital Management Inc. acquired a new stake in shares of Grupo Televisa during the 1st quarter worth $51,000. Lido Advisors LLC acquired a new stake in shares of Grupo Televisa during the 1st quarter worth $62,000. Finally, NewEdge Advisors LLC increased its position in shares of Grupo Televisa by 1,335.4% in the first quarter. NewEdge Advisors LLC now owns 134,869 shares of the company’s stock worth $392,000 after purchasing an additional 125,473 shares during the period. Institutional investors own 55.77% of the company’s stock.

Grupo Televisa Company Profile

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.