Grupo Televisa (NYSE:TV) Issues Earnings Results

Grupo Televisa (NYSE:TV) announced its earnings results on Tuesday. The company reported $2.55 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $2.59, reports. The business had revenue of $811.22 million during the quarter, compared to analyst estimates of $817.33 million. Grupo Televisa had a negative net margin of 15.75% and a negative return on equity of 8.56%.

Grupo Televisa Price Performance

TV stock traded up $0.11 during trading on Wednesday, reaching $2.94. The company’s stock had a trading volume of 1,443,221 shares, compared to its average volume of 1,318,198. Grupo Televisa has a 1 year low of $1.67 and a 1 year high of $3.49. The company has a quick ratio of 2.11, a current ratio of 2.12 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $1.56 billion, a P/E ratio of -3.30, a price-to-earnings-growth ratio of 0.93 and a beta of 1.87. The company’s fifty day moving average is $3.00 and its 200-day moving average is $2.94.

Analysts Set New Price Targets

A number of brokerages have weighed in on TV. Zacks Research upgraded Grupo Televisa from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. Weiss Ratings restated a “sell (d-)” rating on shares of Grupo Televisa in a research note on Monday, April 20th. Benchmark restated a “buy” rating on shares of Grupo Televisa in a research note on Friday, January 2nd. JPMorgan Chase & Co. restated a “neutral” rating on shares of Grupo Televisa in a research note on Tuesday, March 3rd. Finally, UBS Group upped their price objective on Grupo Televisa from $2.60 to $3.70 and gave the stock a “neutral” rating in a research note on Wednesday, April 22nd. One equities research 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. According to MarketBeat, Grupo Televisa has an average rating of “Hold” and an average target price of $5.43.

Insider Transactions at Grupo Televisa

In other Grupo Televisa news, Director Salmon Denise Maerker sold 565,084 shares of the stock in a transaction on Friday, March 27th. The stock was sold at an average price of $0.58, for a total value of $327,748.72. Following the completion of the sale, the director owned 565,084 shares in the company, valued at approximately $327,748.72. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TV. Evergreen Capital Management LLC bought a new position in shares of Grupo Televisa during the 2nd quarter valued at about $29,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Grupo Televisa during the 4th quarter valued at about $32,000. Aigen Investment Management LP bought a new position in shares of Grupo Televisa during the 4th quarter valued at about $38,000. Virtu Financial LLC bought a new position in shares of Grupo Televisa during the 3rd quarter valued at about $77,000. Finally, Invesco Ltd. bought a new position in shares of Grupo Televisa during the 1st quarter valued at about $96,000. 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.