Weiss Ratings Reiterates “Sell (D-)” Rating for Grupo Televisa (NYSE:TV)

Grupo Televisa (NYSE:TV)‘s stock had its “sell (d-)” rating reissued by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

TV has been the subject of several other reports. Zacks Research cut Grupo Televisa from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. The Goldman Sachs Group cut Grupo Televisa from a “buy” rating to a “neutral” rating and set a $2.60 price target for the company. in a research note on Friday, August 8th. Benchmark upped their target price on Grupo Televisa from $7.00 to $9.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. UBS Group upped their target price on Grupo Televisa from $2.40 to $2.50 and gave the stock a “neutral” rating in a research note on Tuesday, July 29th. Finally, JPMorgan Chase & Co. upgraded Grupo Televisa from a “neutral” rating to an “overweight” rating in a research note on Wednesday, August 27th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $4.70.

Grupo Televisa Trading Down 0.8%

Shares of TV stock opened at $2.45 on Wednesday. The company has a current ratio of 2.35, a quick ratio of 2.33 and a debt-to-equity ratio of 0.03. The stock has a market cap of $1.36 billion, a P/E ratio of -3.27, a price-to-earnings-growth ratio of 0.55 and a beta of 1.99. The stock has a 50 day simple moving average of $2.62 and a 200 day simple moving average of $2.23. Grupo Televisa has a 1 year low of $1.55 and a 1 year high of $2.97.

Grupo Televisa (NYSE:TV) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.06. The business had revenue of $787.59 million during the quarter, compared to analysts’ expectations of $14.96 billion. Grupo Televisa had a negative return on equity of 6.95% and a negative net margin of 13.56%. On average, research analysts predict that Grupo Televisa will post -0.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Corient Private Wealth LLC increased its holdings in shares of Grupo Televisa by 2.8% during the second quarter. Corient Private Wealth LLC now owns 237,177 shares of the company’s stock worth $519,000 after buying an additional 6,518 shares in the last quarter. Evergreen Capital Management LLC acquired a new position in shares of Grupo Televisa during the second quarter worth $29,000. Man Group plc acquired a new stake in Grupo Televisa in the second quarter valued at $2,291,000. Engineers Gate Manager LP acquired a new stake in Grupo Televisa in the second quarter valued at $173,000. Finally, BNP Paribas Financial Markets increased its holdings in Grupo Televisa by 64.2% in the second quarter. BNP Paribas Financial Markets now owns 59,125 shares of the company’s stock valued at $129,000 after purchasing an additional 23,113 shares during the period. 55.77% of the stock is currently owned by institutional investors and hedge funds.

Grupo Televisa Company Profile

Grupo Televisa, SAB., together with its subsidiaries, owns and operates cable companies and provides direct-to-home satellite pay television system in Mexico and the United States. It operates through three segments: Cable, Sky, and Other Businesses. The Cable segment operates cable multiple system that provides basic and premium television subscription, pay-per-view, installation, Internet subscription, and telephone and mobile services subscription, as well as local and national advertising services; and telecommunication facilities, which offers data and long-distance services solutions to carriers and other telecommunications service providers through its fiber-optic network.