Grupo Televisa (NYSE:TV) Reaches New 1-Year Low – What’s Next?

Grupo Televisa S.A. (NYSE:TV) reached a new 52-week low during trading on Tuesday. The company traded as low as $2.18 and last traded at $2.1850, with a volume of 500,358 shares trading hands. The stock had previously closed at $2.30.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TV shares. Zacks Research lowered shares of Grupo Televisa from a “hold” rating to a “strong sell” rating in a report on Monday, October 19th. New Street Research upgraded shares of Grupo Televisa from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 21st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Grupo Televisa in a research report on Thursday, October 15th. Wall Street Zen lowered Grupo Televisa from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, UBS Group cut their price objective on 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 equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Grupo Televisa has a consensus rating of “Reduce” and an average price target of $6.55.

Grupo Televisa Stock Performance

The stock’s 50-day moving average price is $2.44 and its 200-day moving average price is $2.81. The company has a current ratio of 2.40, a quick ratio of 2.38 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $1.13 billion, a P/E ratio of -2.34, a P/E/G ratio of 0.77 and a beta of 1.54.

Hedge Funds Weigh In On Grupo Televisa

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Barometer Capital Management Inc. boosted its position in Grupo Televisa by 5,216.5% during the 1st quarter. Barometer Capital Management Inc. now owns 451,900 shares of the company’s stock valued at $1,315,000 after purchasing an additional 443,400 shares during the period. QRG Capital Management Inc. bought a new position in Grupo Televisa during the 1st quarter worth $51,000. NewEdge Advisors LLC grew its stake in 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 buying an additional 125,473 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new stake in Grupo Televisa in the first quarter worth $413,000. Finally, Gabelli Funds LLC increased its position in Grupo Televisa by 1.7% in the first quarter. Gabelli Funds LLC now owns 7,819,600 shares of the company’s stock worth $22,755,000 after buying an additional 133,000 shares during the period. 55.77% of the stock is currently owned by institutional investors and hedge funds.

About Grupo Televisa

Grupo Televisa, SAB. is a Mexican media and telecommunications company headquartered in Mexico City. Its operations include pay television, broadband and fixed-line telecommunications services, primarily through its izzi brand, as well as satellite television services through Sky México. The company serves residential and commercial customers across Mexico.

Televisa also maintains interests in content and entertainment businesses. In 2022, it combined substantially all of its media and content assets with Univision to create TelevisaUnivision, a Spanish-language media company serving audiences in Mexico, the United States and other international markets.