Grupo Televisa (NYSE:TV) Trading Down 8% – Time to Sell?

Grupo Televisa S.A. (NYSE:TV)’s stock price fell 8% during mid-day trading on Friday . The company traded as low as $2.88 and last traded at $2.9150. 3,962,269 shares were traded during mid-day trading, an increase of 87% from the average session volume of 2,116,050 shares. The stock had previously closed at $3.17.

Analysts Set New Price Targets

TV has been the subject of a number of recent analyst reports. UBS Group reaffirmed a “buy” rating on shares of Grupo Televisa in a report on Monday, October 27th. JPMorgan Chase & Co. upgraded Grupo Televisa from a “neutral” rating to an “overweight” rating in a research note on Wednesday, August 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Grupo Televisa in a research report on Wednesday, October 8th. Finally, Benchmark raised their price objective on shares of Grupo Televisa from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, November 28th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $5.07.

Grupo Televisa Stock Down 7.8%

The firm has a 50 day moving average price of $2.72 and a 200-day moving average price of $2.54. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.31 and a quick ratio of 2.29. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of -2.90 and a beta of 1.96.

Grupo Televisa (NYSE:TV) last announced its quarterly earnings data on Friday, October 24th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.22). Grupo Televisa had a negative return on equity of 9.49% and a negative net margin of 18.27%.The firm had revenue of $798.55 million for the quarter, compared to the consensus estimate of $14.66 billion. As a group, equities analysts predict that Grupo Televisa S.A. will post -0.07 EPS for the current fiscal year.

Institutional Trading of Grupo Televisa

A number of institutional investors have recently bought and sold shares of TV. JPMorgan Chase & Co. boosted its position in shares of Grupo Televisa by 6.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 22,426,972 shares of the company’s stock worth $60,329,000 after purchasing an additional 1,367,578 shares during the last quarter. Gamco Investors INC. ET AL lifted its stake in Grupo Televisa by 2.0% in the third quarter. Gamco Investors INC. ET AL now owns 18,921,985 shares of the company’s stock valued at $50,900,000 after buying an additional 370,166 shares during the period. Acadian Asset Management LLC boosted its holdings in Grupo Televisa by 32.9% during the second quarter. Acadian Asset Management LLC now owns 10,222,182 shares of the company’s stock worth $22,376,000 after buying an additional 2,533,311 shares during the last quarter. Gabelli Funds LLC grew its position in shares of Grupo Televisa by 4.3% during the 1st quarter. Gabelli Funds LLC now owns 7,090,600 shares of the company’s stock worth $12,409,000 after buying an additional 294,300 shares during the period. Finally, GFS Advisors LLC bought a new stake in shares of Grupo Televisa in the 2nd quarter valued at about $4,692,000. 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.