Grupo Televisa (NYSE:TV) Stock Gets Downgrade from Wall Street Zen

Grupo Televisa (NYSE:TV) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Sunday, Wall Street Zen reports.

TV has been the topic of several other reports. Weiss Ratings restated a “sell (d-)” rating on shares of Grupo Televisa in a research report on Thursday, October 15th. New Street Research raised Grupo Televisa from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 21st. UBS Group lowered their price objective on Grupo Televisa from $3.20 to $2.30 and set a “neutral” rating for the company in a research report on Wednesday, November 4th. Finally, Zacks Research lowered Grupo Televisa from a “hold” rating to a “strong sell” rating in a research note on Monday, October 19th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $6.15.

Grupo Televisa Price Performance

Shares of NYSE:TV opened at $2.35 on Friday. The company has a quick ratio of 2.38, a current ratio of 2.08 and a debt-to-equity ratio of 0.73. The stock has a market cap of $1.25 billion, a PE ratio of -3.74, a PEG ratio of 0.75 and a beta of 1.62. The company’s fifty day moving average is $2.35 and its 200 day moving average is $2.77. Grupo Televisa has a 52 week low of $2.01 and a 52 week high of $3.49.

Grupo Televisa (NYSE:TV) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.09 earnings per share (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 return on equity of 5.60% and a negative net margin of 10.39%. Research analysts anticipate that Grupo Televisa will post 0.09 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Simplex Trading LLC grew its position in shares of Grupo Televisa by 374.0% in the 3rd quarter. Simplex Trading LLC now owns 20,139 shares of the company’s stock worth $46,000 after buying an additional 15,890 shares during the last quarter. QRG Capital Management Inc. bought a new position in shares of Grupo Televisa during the first quarter valued at approximately $51,000. Lido Advisors LLC bought a new position in shares of Grupo Televisa during the first quarter valued at approximately $62,000. R Squared Ltd lifted its stake in Grupo Televisa by 57.6% in the third quarter. R Squared Ltd now owns 33,103 shares of the company’s stock worth $75,000 after acquiring an additional 12,099 shares during the period. Finally, First Command Advisory Services Inc. lifted its stake in 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 acquiring an additional 20,129 shares during the period. Institutional investors own 55.77% of the company’s stock.

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.