Grupo Televisa (NYSE:TV) Stock Crosses Below 50 Day Moving Average – Time to Sell?

Grupo Televisa S.A. (NYSE:TV)’s share price crossed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $2.34 and traded as low as $2.24. Grupo Televisa shares last traded at $2.2450, with a volume of 1,073,384 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TV. Zacks Research cut shares of Grupo Televisa from a “hold” rating to a “strong sell” rating in a report on Monday, October 19th. New Street Research raised Grupo Televisa from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 21st. UBS Group cut their price target on Grupo Televisa from $3.20 to $2.30 and set a “neutral” rating for the company in a report on Wednesday, November 4th. Wall Street Zen cut Grupo Televisa from a “buy” rating to a “hold” rating in a research report on Sunday, November 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Grupo Televisa in a research note on Thursday, October 15th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Grupo Televisa has an average rating of “Reduce” and an average target price of $6.15.

Grupo Televisa Price Performance

The business’s 50-day moving average price is $2.32 and its 200 day moving average price is $2.75. The company has a quick ratio of 2.06, a current ratio of 2.08 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $1.19 billion, a P/E ratio of -3.55, a price-to-earnings-growth ratio of 0.73 and a beta of 1.62.

Grupo Televisa (NYSE:TV) last posted its earnings results on Thursday, October 29th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. Grupo Televisa had a negative net margin of 10.39% and a negative return on equity of 5.60%. The business had revenue of $778.61 million for the quarter, compared to analyst estimates of $763.71 million. Analysts anticipate that Grupo Televisa S.A. will post 0.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Barometer Capital Management Inc. grew its position in Grupo Televisa by 5,216.5% during the first quarter. Barometer Capital Management Inc. now owns 451,900 shares of the company’s stock worth $1,315,000 after buying an additional 443,400 shares in the last quarter. Gabelli Funds LLC increased its stake in Grupo Televisa by 2.1% in the 3rd quarter. Gabelli Funds LLC now owns 8,124,100 shares of the company’s stock worth $18,523,000 after acquiring an additional 169,343 shares during the last quarter. Segall Bryant & Hamill LLC bought a new position in Grupo Televisa in the 1st quarter worth about $413,000. NewEdge Advisors LLC raised its holdings in shares of 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 in the last quarter. Finally, Lido Advisors LLC purchased a new stake in shares of Grupo Televisa in the 1st quarter valued at about $62,000. Institutional investors own 55.77% of the company’s stock.

Grupo Televisa Company Profile

Grupo Televisa is a Mexican media and telecommunications company with operations focused on cable and pay-TV services. It provides customers with television programming, broadband internet and telephone services, including satellite television through Sky. The company traces its roots to Telesistema Mexicano, formed in 1955, and became Grupo Televisa in 1973. It built a long-standing presence in Mexican broadcasting and Spanish-language entertainment. Following the 2022 combination of Televisa’s content and media assets with Univision, the resulting TelevisaUnivision became a separate company.