Grupo Televisa (NYSE:TV) Stock Crosses Below 50-Day Moving Average – What’s Next?

Grupo Televisa S.A. (NYSE:TV)’s stock price crossed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $2.34 and traded as low as $2.24. Grupo Televisa shares last traded at $2.2450, with a volume of 1,073,384 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Zacks Research downgraded Grupo Televisa from a “hold” rating to a “strong sell” rating in a research note on Monday, October 19th. UBS Group decreased their target price on shares of Grupo Televisa from $3.20 to $2.30 and set a “neutral” rating on the stock in a research report on Wednesday, November 4th. Wall Street Zen cut shares of Grupo Televisa from a “buy” rating to a “hold” rating in a research note on Sunday. New Street Research upgraded shares of Grupo Televisa from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 21st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Grupo Televisa in a research note on Thursday, October 15th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Grupo Televisa presently has an average rating of “Reduce” and an average price target of $6.15.

Grupo Televisa Stock Down 4.5%

The firm has a market cap of $1.19 billion, a price-to-earnings ratio of -3.56, a P/E/G ratio of 0.77 and a beta of 1.62. The company has a current ratio of 2.08, a quick ratio of 2.06 and a debt-to-equity ratio of 0.05. The firm has a 50 day moving average price of $2.34 and a 200-day moving average price of $2.76.

Grupo Televisa (NYSE:TV) last issued its quarterly earnings data on Thursday, October 29th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. The firm had revenue of $778.61 million for the quarter, compared to analysts’ expectations of $763.71 million. Grupo Televisa had a negative net margin of 10.39% and a negative return on equity of 5.60%. On average, equities analysts forecast that Grupo Televisa S.A. will post 0.09 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gabelli Funds LLC raised its holdings in Grupo Televisa by 1.7% in the 1st quarter. Gabelli Funds LLC now owns 7,819,600 shares of the company’s stock valued at $22,755,000 after acquiring an additional 133,000 shares during the last quarter. Barometer Capital Management Inc. boosted its stake in shares of Grupo Televisa by 5,216.5% in the first 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. Segall Bryant & Hamill LLC acquired a new stake in Grupo Televisa during the 1st quarter valued at approximately $413,000. NewEdge Advisors LLC increased its stake 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 buying an additional 125,473 shares during the last quarter. Finally, First Command Advisory Services Inc. increased its stake in shares of Grupo Televisa by 142.7% in the third quarter. First Command Advisory Services Inc. now owns 34,237 shares of the company’s stock worth $78,000 after buying an additional 20,129 shares during the last quarter. 55.77% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Televisa Company Profile

Grupo Televisa is a Mexican media and telecommunications company with operations focused on cable and pay-TV services. It provides customers with television programming, broadband internet and telephone services, including satellite television through Sky. The company traces its roots to Telesistema Mexicano, formed in 1955, and became Grupo Televisa in 1973. It built a long-standing presence in Mexican broadcasting and Spanish-language entertainment. Following the 2022 combination of Televisa’s content and media assets with Univision, the resulting TelevisaUnivision became a separate company.