Grupo Televisa (NYSE:TV) Downgraded to “Strong Sell” Rating by New Street Research

New Street Research cut shares of Grupo Televisa (NYSE:TV) from a hold rating to a strong sell rating in a report published on Wednesday morning,Zacks.com reports.

Several other research firms have also commented on TV. Weiss Ratings restated a “sell (d-)” rating on shares of Grupo Televisa in a report on Monday, April 20th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Grupo Televisa in a report on Tuesday, March 3rd. UBS Group reduced their price objective on shares of Grupo Televisa from $3.70 to $3.20 and set a “neutral” rating for the company in a research note on Monday, May 11th. Finally, Wall Street Zen lowered shares of Grupo Televisa from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 31st. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Grupo Televisa has an average rating of “Reduce” and a consensus target price of $5.27.

Grupo Televisa Trading Up 2.5%

NYSE:TV opened at $3.03 on Wednesday. Grupo Televisa has a one year low of $2.03 and a one year high of $3.49. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.36 and a current ratio of 2.39. The firm has a market cap of $1.61 billion, a P/E ratio of -3.73, a P/E/G ratio of 0.57 and a beta of 1.57. The firm has a 50-day simple moving average of $2.88 and a 200-day simple moving average of $2.97.

Grupo Televisa (NYSE:TV) last posted its quarterly earnings results on Saturday, February 14th. The company reported ($0.80) EPS for the quarter. Grupo Televisa had a negative net margin of 13.93% and a negative return on equity of 7.65%. The business had revenue of $807.20 million during the quarter. Equities analysts anticipate that Grupo Televisa will post 0.15 EPS for the current fiscal year.

Insider Activity at Grupo Televisa

In other Grupo Televisa news, Director Dahlhaus Jean Michel Enriquez sold 116,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $0.57, for a total transaction of $66,405.00. Following the sale, the director owned 116,500 shares of the company’s stock, valued at approximately $66,405. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robelo Francisco Jose Chevez sold 44,500 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $0.57, for a total transaction of $25,365.00. Following the sale, the director directly owned 838,275 shares in the company, valued at approximately $477,816.75. This represents a 5.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,762,584 shares of company stock worth $1,007,994 in the last 90 days.

Institutional Trading of Grupo Televisa

Several large investors have recently bought and sold shares of TV. Evergreen Capital Management LLC purchased a new stake in Grupo Televisa during the 2nd quarter worth approximately $29,000. SmartHarvest Portfolios LLC purchased a new stake in Grupo Televisa during the 1st quarter worth approximately $30,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Grupo Televisa during the 4th quarter worth approximately $32,000. AXQ Capital LP purchased a new stake in Grupo Televisa during the 4th quarter worth approximately $35,000. Finally, Diversified Trust Co. purchased a new stake in Grupo Televisa during the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 55.77% of the company’s stock.

Grupo Televisa Company Profile

Grupo Televisa, SAB. is a leading Mexican multimedia conglomerate headquartered in Mexico City, specializing in the creation, production and distribution of Spanish-language content. The company operates free-to-air television networks, subscription pay-TV services, broadband and telephony under its cable arm, and a range of digital streaming platforms. Grupo Televisa’s portfolio spans news, sports, telenovelas, reality programming and original series, positioning it as one of the largest content producers in the Spanish-speaking world.

Televisa’s broadcast division includes flagship channels such as Las Estrellas and Canal 5, while its pay-TV segment features operations under brands like Sky México and Izzi Telecom.