Grupo Televisa (NYSE:TV) Sets New 52-Week Low – Here’s Why

Grupo Televisa S.A. (NYSE:TV) reached a new 52-week low during trading on Tuesday . The company traded as low as $2.31 and last traded at $2.4020, with a volume of 435275 shares trading hands. The stock had previously closed at $2.63.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Grupo Televisa in a research report on Friday, July 17th. New Street Research cut Grupo Televisa from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 17th. Wall Street Zen downgraded Grupo Televisa from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, UBS Group cut their price objective on Grupo Televisa from $3.20 to $3.10 and set a “neutral” rating for the company in a report on Monday, July 6th. One investment 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $6.55.

Grupo Televisa Stock Performance

The company has a quick ratio of 2.38, a current ratio of 2.40 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $1.32 billion, a PE ratio of -2.73, a P/E/G ratio of 0.81 and a beta of 1.55. The firm’s 50-day moving average price is $2.76 and its two-hundred day moving average price is $2.86.

Grupo Televisa (NYSE:TV) last posted its quarterly earnings data on Friday, July 24th. The company reported ($0.05) earnings per share 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 firm had revenue of $816.64 million for the quarter, compared to analysts’ expectations of $818.16 million. As a group, research analysts predict that Grupo Televisa S.A. will post 0.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TV. JPMorgan Chase & Co. raised its position in Grupo Televisa by 21.8% during the fourth quarter. JPMorgan Chase & Co. now owns 27,315,447 shares of the company’s stock valued at $79,488,000 after buying an additional 4,888,475 shares during the period. Gamco Investors INC. ET AL boosted its position in Grupo Televisa by 10.4% during the 4th quarter. Gamco Investors INC. ET AL now owns 20,897,253 shares of the company’s stock worth $60,811,000 after acquiring an additional 1,975,268 shares during the period. Gabelli Funds LLC boosted its position in Grupo Televisa by 1.7% during the 1st quarter. Gabelli Funds LLC now owns 7,819,600 shares of the company’s stock worth $22,755,000 after acquiring an additional 133,000 shares during the period. Marshall Wace LLP grew its stake in Grupo Televisa by 732.1% during the 4th quarter. Marshall Wace LLP now owns 1,447,810 shares of the company’s stock valued at $4,213,000 after acquiring an additional 1,273,818 shares in the last quarter. Finally, UBS Group AG grew its stake in Grupo Televisa by 216.4% during the 4th quarter. UBS Group AG now owns 1,161,678 shares of the company’s stock valued at $3,380,000 after acquiring an additional 794,514 shares in the last quarter. Hedge funds and other institutional investors 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.