Grupo Televisa (NYSE:TV) Reaches New 1-Year Low – Here’s Why

Grupo Televisa S.A. (NYSE:TV)’s share price hit a new 52-week low on Tuesday . The company traded as low as $2.31 and last traded at $2.3150, with a volume of 191940 shares. The stock had previously closed at $2.37.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on TV shares. UBS Group lowered their price objective on Grupo Televisa from $3.20 to $3.10 and set a “neutral” rating for the company in a research report on Monday, July 6th. Wall Street Zen lowered Grupo Televisa from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings restated a “sell (d-)” rating on shares of Grupo Televisa in a report on Friday, July 17th. Finally, New Street Research cut Grupo Televisa from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 17th. One 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. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $6.55.

Grupo Televisa Stock Performance

The company has a market cap of $1.17 billion, a price-to-earnings ratio of -2.41, a price-to-earnings-growth ratio of 0.70 and a beta of 1.55. The stock’s fifty day simple moving average is $2.71 and its two-hundred day simple moving average is $2.81. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.38 and a current ratio of 2.40.

Grupo Televisa (NYSE:TV) last released 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 firm 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 research analysts anticipate that Grupo Televisa S.A. will post 0.1 EPS for the current year.

Institutional Investors Weigh In On Grupo Televisa

A number of institutional investors have recently added to or reduced their stakes in TV. UBS Group AG lifted its stake in shares of Grupo Televisa by 216.4% in the 4th quarter. UBS Group AG now owns 1,161,678 shares of the company’s stock valued at $3,380,000 after purchasing an additional 794,514 shares in the last quarter. Barometer Capital Management Inc. increased its position in Grupo Televisa by 5,216.5% during the 1st quarter. Barometer Capital Management Inc. now owns 451,900 shares of the company’s stock worth $1,315,000 after purchasing an additional 443,400 shares in the last quarter. TD Private Client Wealth LLC increased its position in Grupo Televisa by 32.1% during the 4th 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 in the last quarter. NewEdge Advisors LLC raised its holdings in Grupo Televisa by 1,335.4% in the first quarter. NewEdge Advisors LLC now owns 134,869 shares of the company’s stock valued at $392,000 after buying an additional 125,473 shares during the period. Finally, Segall Bryant & Hamill LLC purchased a new position in Grupo Televisa in the first quarter valued at approximately $413,000. Hedge funds and other institutional investors 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.