Grupo Televisa (NYSE:TV) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Grupo Televisa (NYSE:TV) from a buy rating to a hold rating in a research note published on Saturday morning.

Several other analysts have also commented on the stock. UBS Group lowered their price objective on shares of Grupo Televisa from $3.20 to $3.10 and set a “neutral” rating for the company in a report on Monday, July 6th. New Street Research downgraded Grupo Televisa from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 17th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Grupo Televisa in a research report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $5.23.

Grupo Televisa Trading Up 0.2%

NYSE:TV opened at $2.81 on Friday. The company has a 50-day moving average price of $2.77 and a 200-day moving average price of $2.94. Grupo Televisa has a 12 month low of $2.27 and a 12 month high of $3.49. The company has a current ratio of 2.40, a quick ratio of 2.38 and a debt-to-equity ratio of 0.05. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of -3.08, a P/E/G ratio of 0.62 and a beta of 1.55.

Grupo Televisa (NYSE:TV) last announced its earnings results on Friday, July 24th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). Grupo Televisa had a negative net margin of 15.28% and a negative return on equity of 8.33%. The company had revenue of $816.64 million for the quarter, compared to the consensus estimate of $818.16 million. Equities analysts predict that Grupo Televisa will post 0.13 EPS for the current year.

Insider Buying and Selling

In related news, Director Viadero Salvi Rafael Folch sold 200,003 shares of Grupo Televisa stock in a transaction dated Monday, May 25th. The shares were sold at an average price of $0.56, for a total transaction of $112,001.68. Following the completion of the transaction, the director directly owned 32,997 shares of the company’s stock, valued at $18,478.32. This trade represents a 85.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Dahlhaus Jean Michel Enriquez sold 116,500 shares of Grupo Televisa stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $0.57, for a total transaction of $66,405.00. Following the transaction, the director directly owned 116,500 shares of the company’s stock, valued at approximately $66,405. This trade represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 574,500 shares of company stock worth $325,135 in the last three months.

Hedge Funds Weigh In On Grupo Televisa

Several large investors have recently made changes to their positions in TV. JPMorgan Chase & Co. raised its holdings in Grupo Televisa by 21.8% in the fourth quarter. JPMorgan Chase & Co. now owns 27,315,447 shares of the company’s stock worth $79,488,000 after buying an additional 4,888,475 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of Grupo Televisa by 10.4% during the fourth quarter. Gamco Investors INC. ET AL now owns 20,897,253 shares of the company’s stock valued at $60,811,000 after buying an additional 1,975,268 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of Grupo Televisa by 732.1% during the fourth quarter. Marshall Wace LLP now owns 1,447,810 shares of the company’s stock valued at $4,213,000 after buying an additional 1,273,818 shares during the last quarter. Man Group plc bought a new stake in shares of Grupo Televisa during the second quarter valued at approximately $2,291,000. Finally, Citadel Advisors LLC increased its position in shares of Grupo Televisa by 921.3% during the third quarter. Citadel Advisors LLC now owns 1,083,641 shares of the company’s stock valued at $2,915,000 after acquiring an additional 977,541 shares in the last quarter. 55.77% of the stock is currently owned by hedge funds and other institutional investors.

About Grupo Televisa

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.