Grupo Televisa (NYSE:TV) Shares Gap Down – Time to Sell?

Grupo Televisa S.A. (NYSE:TV) shares gapped down before the market opened on Wednesday. The stock had previously closed at $2.38, but opened at $2.30. Grupo Televisa shares last traded at $2.3740, with a volume of 24,256 shares.

Analysts Set New Price Targets

TV has been the topic of several recent research reports. UBS Group reduced their target price on shares of Grupo Televisa from $3.20 to $3.10 and set a “neutral” rating on the stock in a report on Monday, July 6th. Zacks Research downgraded Grupo Televisa from a “hold” rating to a “strong sell” rating in a report on Monday. Wall Street Zen lowered Grupo Televisa from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings restated a “sell (d-)” rating on shares of Grupo Televisa in a research note on Thursday, October 15th. Finally, New Street Research upgraded Grupo Televisa from a “strong sell” rating to a “hold” rating in a research note on Wednesday. One 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $6.55.

Grupo Televisa Trading Up 1.1%

The business’s 50-day moving average price is $2.48 and its 200 day moving average price is $2.71. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.40 and a quick ratio of 2.38. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of -2.62, a PEG ratio of 0.77 and a beta of 1.54.

Grupo Televisa (NYSE:TV) last released its quarterly earnings results on Friday, July 24th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.06). Grupo Televisa had a negative return on equity of 8.33% and a negative net margin of 15.28%. The business had revenue of $816.64 million during the quarter, compared to analyst estimates of $818.16 million. On average, equities analysts forecast that Grupo Televisa S.A. will post 0.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Grupo Televisa

A number of institutional investors have recently made changes to their positions in the business. Gabelli Funds LLC boosted its stake in shares of Grupo Televisa by 1.7% during the 1st quarter. Gabelli Funds LLC now owns 7,819,600 shares of the company’s stock valued at $22,755,000 after buying an additional 133,000 shares during the last quarter. Barometer Capital Management Inc. grew its position in shares of Grupo Televisa by 5,216.5% during the first quarter. Barometer Capital Management Inc. now owns 451,900 shares of the company’s stock worth $1,315,000 after buying an additional 443,400 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of Grupo Televisa during the first quarter worth 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, Lido Advisors LLC bought a new stake in shares of Grupo Televisa in the first quarter worth $62,000. 55.77% of the stock is owned by institutional investors and hedge funds.

Grupo Televisa Company Profile

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.