Grupo Televisa (NYSE:TV) Releases Earnings Results

Grupo Televisa (NYSE:TV) posted its quarterly earnings data on Thursday. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06, Zacks reports. The company had revenue of $778.61 million for the quarter, compared to analyst estimates of $766.74 million. Grupo Televisa had a negative net margin of 15.28% and a negative return on equity of 8.33%.

Grupo Televisa Price Performance

Shares of TV opened at $2.15 on Friday. Grupo Televisa has a 1 year low of $2.12 and a 1 year high of $3.49. The stock has a market cap of $1.14 billion, a P/E ratio of -2.36, a price-to-earnings-growth ratio of 0.71 and a beta of 1.54. 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 stock’s 50-day moving average price is $2.43 and its two-hundred day moving average price is $2.80.

Analysts Set New Price Targets

Several research firms have commented on TV. UBS Group decreased their target price on shares of Grupo Televisa from $3.20 to $3.10 and set a “neutral” rating for the company in a research report on Monday, July 6th. Zacks Research downgraded shares of Grupo Televisa from a “hold” rating to a “strong sell” rating in a research note on Monday, October 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Grupo Televisa in a research note on Thursday, October 15th. 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. Finally, Wall Street Zen lowered shares of Grupo Televisa from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $6.55.

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.