UBS Group Lowers Grupo Televisa (NYSE:TV) Price Target to $3.20

Grupo Televisa (NYSE:TV) had its target price reduced by equities researchers at UBS Group from $3.70 to $3.20 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s target price would indicate a potential upside of 12.48% from the company’s current price.

A number of other equities research analysts also recently commented on TV. Zacks Research upgraded shares of Grupo Televisa from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Wall Street Zen upgraded Grupo Televisa from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings reissued a “sell (d-)” rating on shares of Grupo Televisa in a research note on Monday, April 20th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Grupo Televisa in a report on Tuesday, March 3rd. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $5.27.

Grupo Televisa Price Performance

Grupo Televisa stock traded down $0.01 during trading hours on Monday, hitting $2.85. The stock had a trading volume of 976,558 shares, compared to its average volume of 1,325,848. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of -3.51, a PEG ratio of 0.91 and a beta of 1.61. Grupo Televisa has a 1-year low of $1.79 and a 1-year high of $3.49. The stock’s fifty day moving average is $2.95 and its two-hundred day moving average is $2.96. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.39 and a quick ratio of 2.36.

Grupo Televisa (NYSE:TV) last announced its earnings results on Saturday, February 14th. The company reported ($0.80) earnings per share (EPS) for the quarter. Grupo Televisa had a negative return on equity of 7.65% and a negative net margin of 13.93%.The business had revenue of $807.20 million for the quarter. As a group, analysts predict that Grupo Televisa will post 0.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Robelo Francisco Jose Chevez sold 44,500 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $0.57, for a total value of $25,365.00. Following the completion of the transaction, the director owned 838,275 shares of the company’s stock, valued at approximately $477,816.75. This represents a 5.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Francisco Valim sold 225,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $0.57, for a total value of $128,250.00. Following the sale, the insider owned 225,000 shares of the company’s stock, valued at approximately $128,250. This trade represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 1,413,084 shares of company stock valued at $811,109.

Institutional Trading of Grupo Televisa

A number of hedge funds have recently made changes to their positions in TV. QRG Capital Management Inc. acquired a new stake in Grupo Televisa in the first quarter valued at $51,000. SmartHarvest Portfolios LLC bought a new position in shares of Grupo Televisa during the first quarter worth about $30,000. Caitong International Asset Management Co. Ltd grew its stake in Grupo Televisa by 135.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 15,499 shares of the company’s stock worth $45,000 after purchasing an additional 8,926 shares in the last quarter. Virtu Financial LLC grew its stake in Grupo Televisa by 96.1% in the fourth quarter. Virtu Financial LLC now owns 56,003 shares of the company’s stock worth $163,000 after purchasing an additional 27,445 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Grupo Televisa by 12.1% in the fourth quarter. Invesco Ltd. now owns 165,287 shares of the company’s stock valued at $481,000 after buying an additional 17,847 shares during the last quarter. Institutional investors and hedge funds own 55.77% of the company’s stock.

Grupo Televisa Company Profile

Grupo Televisa, SAB. is a leading Mexican multimedia conglomerate headquartered in Mexico City, specializing in the creation, production and distribution of Spanish-language content. The company operates free-to-air television networks, subscription pay-TV services, broadband and telephony under its cable arm, and a range of digital streaming platforms. Grupo Televisa’s portfolio spans news, sports, telenovelas, reality programming and original series, positioning it as one of the largest content producers in the Spanish-speaking world.

Televisa’s broadcast division includes flagship channels such as Las Estrellas and Canal 5, while its pay-TV segment features operations under brands like Sky México and Izzi Telecom.