Grupo Televisa (NYSE:TV) Shares Up 7.1% – Time to Buy?

Grupo Televisa S.A. (NYSE:TV)’s share price shot up 7.1% during mid-day trading on Wednesday. The company traded as high as $2.36 and last traded at $2.3660. 478,777 shares were traded during trading, a decline of 59% from the average session volume of 1,169,513 shares. The stock had previously closed at $2.21.

Analyst Ratings Changes

Several research firms recently commented on TV. Wall Street Zen cut Grupo Televisa from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. New Street Research downgraded shares of Grupo Televisa from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of Grupo Televisa in a research report on Friday, July 17th. Finally, UBS Group dropped their price target on shares of Grupo Televisa from $3.20 to $3.10 and set a “neutral” rating for the company in a research report on Monday, July 6th. 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.com, the company currently has an average rating of “Reduce” and an average price target of $6.55.

Grupo Televisa Stock Performance

The stock has a fifty day moving average of $2.54 and a 200-day moving average of $2.73. 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 stock has a market capitalization of $1.25 billion, a PE ratio of -2.58, a price-to-earnings-growth ratio of 0.69 and a beta of 1.54.

Grupo Televisa (NYSE:TV) last announced its quarterly earnings data on Friday, July 24th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). The company had revenue of $816.64 million for 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%. Equities analysts anticipate that Grupo Televisa S.A. will post 0.10 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Barometer Capital Management Inc. boosted its stake in Grupo Televisa by 5,216.5% in the first quarter. Barometer Capital Management Inc. now owns 451,900 shares of the company’s stock valued at $1,315,000 after acquiring an additional 443,400 shares in the last quarter. NewEdge Advisors LLC increased its position in Grupo Televisa by 1,335.4% in the 1st quarter. NewEdge Advisors LLC now owns 134,869 shares of the company’s stock valued at $392,000 after acquiring an additional 125,473 shares during the period. Segall Bryant & Hamill LLC acquired a new position in shares of Grupo Televisa in the first quarter valued at approximately $413,000. Gabelli Funds LLC raised its stake in shares of Grupo Televisa by 1.7% during the first quarter. Gabelli Funds LLC now owns 7,819,600 shares of the company’s stock worth $22,755,000 after purchasing an additional 133,000 shares during the last quarter. Finally, Lido Advisors LLC acquired a new stake in shares of Grupo Televisa during the first quarter worth $62,000. Institutional investors and hedge funds own 55.77% of the company’s stock.

Grupo Televisa Company Profile

Grupo Televisa, SAB. is a Mexican media and telecommunications company headquartered in Mexico City. Its principal operating businesses include izzi, which provides broadband internet, pay television, fixed-line telephone and related telecommunications services, and SKY México, a subscription-based satellite television provider. The company serves residential and business customers primarily in Mexico.

Televisa was formed in 1973 through the merger of Telesistema Mexicano and Televisión Independiente de México.