Grupo Televisa (NYSE:TV) Sees Unusually-High Trading Volume – Here’s What Happened

Grupo Televisa S.A. (NYSE:TV) saw strong trading volume on Friday . 4,183,613 shares changed hands during trading, an increase of 251% from the previous session’s volume of 1,190,465 shares.The stock last traded at $2.3260 and had previously closed at $2.34.

Analyst Upgrades and Downgrades

TV has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of Grupo Televisa from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. 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. New Street Research lowered shares of 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 note on Friday, July 17th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Grupo Televisa presently has a consensus rating of “Reduce” and a consensus target price of $6.55.

Grupo Televisa Price Performance

The business has a fifty day moving average price of $2.70 and a 200 day moving average price of $2.80. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.38 and a current ratio of 2.40. The company has a market cap of $1.24 billion, a price-to-earnings ratio of -2.57, a PEG ratio of 0.68 and a beta of 1.55.

Grupo Televisa (NYSE:TV) last released 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 net margin of 15.28% and a negative return on equity of 8.33%. The firm had revenue of $816.64 million for the quarter, compared to analyst estimates of $818.16 million. As a group, research analysts anticipate that Grupo Televisa S.A. will post 0.1 earnings per share for the current year.

Institutional Trading of Grupo Televisa

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SmartHarvest Portfolios LLC bought a new stake in Grupo Televisa during the 1st quarter valued at $30,000. AXQ Capital LP bought a new stake in Grupo Televisa in the 4th quarter valued at about $35,000. TD Private Client Wealth LLC boosted its holdings in shares of Grupo Televisa by 32.1% in the fourth quarter. TD Private Client Wealth LLC now owns 14,111 shares of the company’s stock worth $41,000 after acquiring an additional 3,426 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in Grupo Televisa by 135.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 15,499 shares of the company’s stock worth $45,000 after purchasing an additional 8,926 shares in the last quarter. Finally, QRG Capital Management Inc. purchased a new stake in Grupo Televisa in the first quarter valued at approximately $51,000. Institutional investors and hedge funds own 55.77% of the company’s stock.

About Grupo Televisa

Grupo Televisa, SAB. is a Mexican media and telecommunications company serving customers primarily in Mexico. Its principal activities include providing pay television, broadband internet, fixed-line voice and mobile services through its cable operations, as well as satellite television services through SKY.

The company also has interests in content production and distribution. In 2022, Grupo Televisa combined substantially all of its content and media assets with Univision Holdings to create TelevisaUnivision, a Spanish-language media and entertainment company.