Grupo Televisa (NYSE:TV) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Grupo Televisa (NYSE:TV) from a hold rating to a buy rating in a report released on Saturday,Wall Street Zen reports.

A number of other equities analysts also recently commented on TV. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Grupo Televisa in a report on Thursday, October 15th. UBS Group reduced their price target on shares of Grupo Televisa from $3.20 to $3.10 and set a “neutral” rating on the stock in a research report on Monday, July 6th. Zacks Research lowered shares of Grupo Televisa from a “hold” rating to a “strong sell” rating in a report on Monday, October 19th. Finally, New Street Research raised shares of Grupo Televisa from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 21st. One 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 MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $6.55.

Grupo Televisa Trading Down 3.1%

Shares of NYSE TV opened at $2.02 on Friday. 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’s 50 day moving average price is $2.40 and its two-hundred day moving average price is $2.79. Grupo Televisa has a 52-week low of $2.01 and a 52-week high of $3.49. The stock has a market capitalization of $1.08 billion, a P/E ratio of -3.21, a PEG ratio of 0.71 and a beta of 1.54.

Grupo Televisa (NYSE:TV) last issued its earnings results on Thursday, October 29th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.03 by $0.06. Grupo Televisa had a negative return on equity of 8.33% and a negative net margin of 15.28%. The company had revenue of $778.61 million during the quarter, compared to analyst estimates of $763.71 million. On average, analysts anticipate that Grupo Televisa will post 0.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Grupo Televisa

Large investors have recently made changes to their positions in the company. NewEdge Advisors LLC raised its stake in Grupo Televisa by 1,335.4% during 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 in the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of Grupo Televisa in the first quarter worth $413,000. Gabelli Funds LLC grew its stake in shares of Grupo Televisa by 1.7% in 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 in the last quarter. Lido Advisors LLC acquired a new position in shares of Grupo Televisa during the first quarter valued at $62,000. Finally, Barometer Capital Management Inc. increased its holdings in shares of Grupo Televisa by 5,216.5% during the first quarter. Barometer Capital Management Inc. now owns 451,900 shares of the company’s stock valued at $1,315,000 after purchasing an additional 443,400 shares during the period. 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 headquartered in Mexico City. Its operations include pay television, broadband and fixed-line telecommunications services, primarily through its izzi brand, as well as satellite television services through Sky México. The company serves residential and commercial customers across Mexico.

Televisa also maintains interests in content and entertainment businesses. In 2022, it combined substantially all of its media and content assets with Univision to create TelevisaUnivision, a Spanish-language media company serving audiences in Mexico, the United States and other international markets.