Grupo Televisa (NYSE:TV) Reaches New 1-Year High – Here’s What Happened

Shares of Grupo Televisa S.A. (NYSE:TV) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $2.98 and last traded at $2.9350, with a volume of 111890 shares traded. The stock had previously closed at $2.93.

Wall Street Analyst Weigh In

TV has been the topic of several research reports. UBS Group reaffirmed a “buy” rating on shares of Grupo Televisa in a research report on Monday, October 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of Grupo Televisa in a research note on Wednesday, October 8th. Zacks Research cut Grupo Televisa from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. The Goldman Sachs Group lowered Grupo Televisa from a “buy” rating to a “neutral” rating and set a $2.60 target price on the stock. in a research report on Friday, August 8th. Finally, Benchmark reaffirmed a “buy” rating on shares of Grupo Televisa in a research report on Monday, October 27th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $4.73.

Grupo Televisa Trading Down 0.8%

The company has a market cap of $1.69 billion, a price-to-earnings ratio of -3.01, a P/E/G ratio of 3.45 and a beta of 2.02. The firm has a fifty day moving average price of $2.66 and a 200 day moving average price of $2.38. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.33 and a current ratio of 2.31.

Grupo Televisa (NYSE:TV) last announced its quarterly earnings results on Friday, October 24th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.22). The firm had revenue of $792.87 million during the quarter, compared to analyst estimates of $14.66 billion. Grupo Televisa had a negative net margin of 18.27% and a negative return on equity of 9.49%. As a group, equities analysts predict that Grupo Televisa S.A. will post -0.07 EPS for the current fiscal year.

Hedge Funds Weigh In On Grupo Televisa

A number of institutional investors have recently bought and sold shares of TV. Strid Group LLC acquired a new stake in shares of Grupo Televisa in the third quarter valued at approximately $27,000. Signaturefd LLC raised its stake in Grupo Televisa by 72.7% in the 1st quarter. Signaturefd LLC now owns 16,085 shares of the company’s stock valued at $28,000 after acquiring an additional 6,770 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new stake in Grupo Televisa during the 3rd quarter valued at $28,000. TD Private Client Wealth LLC boosted its position in Grupo Televisa by 68.8% during the third quarter. TD Private Client Wealth LLC now owns 10,685 shares of the company’s stock worth $29,000 after purchasing an additional 4,355 shares during the period. Finally, Evergreen Capital Management LLC acquired a new position in shares of Grupo Televisa in the second quarter valued at $29,000. Institutional investors and hedge funds own 55.77% of the company’s stock.

About Grupo Televisa

Grupo Televisa, SAB., together with its subsidiaries, owns and operates cable companies and provides direct-to-home satellite pay television system in Mexico and the United States. It operates through three segments: Cable, Sky, and Other Businesses. The Cable segment operates cable multiple system that provides basic and premium television subscription, pay-per-view, installation, Internet subscription, and telephone and mobile services subscription, as well as local and national advertising services; and telecommunication facilities, which offers data and long-distance services solutions to carriers and other telecommunications service providers through its fiber-optic network.