Grupo Televisa (NYSE:TV) Stock Gets Price Target Reduction from UBS Group

Grupo Televisa (NYSE:TV) had its price target decreased by UBS Group from $3.20 to $2.30 in a research report report published on Wednesday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other research firms have also issued reports on TV. Weiss Ratings reissued a “sell (d-)” rating on shares of Grupo Televisa in a report on Thursday, October 15th. Zacks Research downgraded shares of Grupo Televisa from a “hold” rating to a “strong sell” rating in a report on Monday, October 19th. New Street Research upgraded shares of Grupo Televisa from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 21st. Finally, Wall Street Zen raised shares of Grupo Televisa from a “hold” rating to a “buy” rating in a research note on Saturday, October 31st. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Grupo Televisa presently has an average rating of “Reduce” and a consensus target price of $6.15.

Grupo Televisa Stock Performance

NYSE:TV traded up $0.01 during mid-day trading on Wednesday, hitting $2.35. 814,418 shares of the company traded hands, compared to its average volume of 1,045,164. The stock’s fifty day moving average price is $2.36 and its 200-day moving average price is $2.78. Grupo Televisa has a one year low of $2.01 and a one year high of $3.49. 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 firm has a market cap of $1.25 billion, a price-to-earnings ratio of -3.72, a price-to-earnings-growth ratio of 0.66 and a beta of 1.62.

Grupo Televisa (NYSE:TV) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. Grupo Televisa had a negative return on equity of 5.60% and a negative net margin of 10.39%. The business had revenue of $778.61 million during the quarter, compared to analysts’ expectations of $763.71 million. Research analysts anticipate that Grupo Televisa will post 0.09 earnings per share for the current fiscal year.

Institutional Trading of Grupo Televisa

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Simplex Trading LLC lifted its holdings in 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 purchasing an additional 15,890 shares in the last quarter. QRG Capital Management Inc. purchased a new stake in Grupo Televisa during the 1st quarter valued at approximately $51,000. Lido Advisors LLC bought a new stake in shares of Grupo Televisa during the first quarter valued at approximately $62,000. R Squared Ltd raised its position in shares of Grupo Televisa by 57.6% during the third quarter. R Squared Ltd now owns 33,103 shares of the company’s stock valued at $75,000 after buying an additional 12,099 shares during the last quarter. Finally, First Command Advisory Services Inc. raised its position in shares of Grupo Televisa by 142.7% during the third quarter. First Command Advisory Services Inc. now owns 34,237 shares of the company’s stock valued at $78,000 after buying an additional 20,129 shares during the last quarter. 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.