Grupo Televisa (NYSE:TV) Trading Down 3.3% – Time to Sell?

Grupo Televisa S.A. (NYSE:TV) traded down 3.3% on Tuesday . The stock traded as low as $2.51 and last traded at $2.4850. Approximately 31,683 shares were traded during mid-day trading, a decline of 97% from the average session volume of 1,202,108 shares. The stock had previously closed at $2.57.

Analyst Upgrades and Downgrades

TV has been the subject of several analyst reports. Wall Street Zen downgraded shares of Grupo Televisa from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. New Street Research cut shares of Grupo Televisa from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Grupo Televisa in a research report on Friday, July 17th. Finally, UBS Group reduced their target price on shares of Grupo Televisa from $3.20 to $3.10 and set a “neutral” rating for the company in a research note on Monday, July 6th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $6.55.

Grupo Televisa Trading Down 3.7%

The business’s 50 day moving average is $2.69 and its two-hundred day moving average is $2.80. 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 P/E ratio of -2.72, a PEG ratio of 0.73 and a beta of 1.55.

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). The company had revenue of $816.64 million during the quarter, compared to analyst estimates of $818.16 million. Grupo Televisa had a negative return on equity of 8.33% and a negative net margin of 15.28%. Analysts expect that Grupo Televisa S.A. will post 0.1 EPS for the current year.

Institutional Trading of Grupo Televisa

A number of institutional investors have recently made changes to their positions in TV. SmartHarvest Portfolios LLC bought a new position in shares of Grupo Televisa in the first quarter valued at approximately $30,000. AXQ Capital LP bought a new stake in Grupo Televisa during the fourth quarter worth approximately $35,000. TD Private Client Wealth LLC lifted its position in 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 purchasing an additional 3,426 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in Grupo Televisa by 135.8% in the fourth 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 during the period. Finally, QRG Capital Management Inc. bought a new position in Grupo Televisa during the 1st quarter valued at $51,000. 55.77% of the stock is owned by institutional investors and hedge funds.

Grupo Televisa Company Profile

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.