Grupo Televisa (NYSE:TV) Sets New 52-Week Low – What’s Next?

Grupo Televisa S.A. (NYSE:TV) hit a new 52-week low on Monday. The company traded as low as $2.05 and last traded at $2.0740, with a volume of 128,438 shares traded. The stock had previously closed at $2.09.

Analyst Upgrades and Downgrades

TV has been the topic of several analyst reports. Zacks Research lowered Grupo Televisa from a “hold” rating to a “strong sell” rating in a research note on Monday, October 19th. Wall Street Zen upgraded shares of Grupo Televisa from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings reissued a “sell (d-)” rating on shares of Grupo Televisa in a research report on Thursday, October 15th. 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 investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $6.55.

Grupo Televisa Stock Up 7.7%

The company has a 50-day moving average of $2.39 and a 200-day moving average of $2.79. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of -3.45, a price-to-earnings-growth ratio of 0.66 and a beta of 1.62. The company has a current ratio of 2.08, a quick ratio of 2.38 and a debt-to-equity ratio of 0.73.

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

Hedge Funds Weigh In On Grupo Televisa

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Gabelli Funds LLC grew its position in Grupo Televisa by 1.7% during the 1st 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 during the last quarter. Barometer Capital Management Inc. grew 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 during the last quarter. Segall Bryant & Hamill LLC acquired a new position in Grupo Televisa during the 1st quarter valued at approximately $413,000. NewEdge Advisors LLC increased 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 purchasing an additional 125,473 shares in the last quarter. Finally, Lido Advisors LLC acquired a new position in Grupo Televisa during the 1st quarter valued at approximately $62,000. 55.77% of the stock is owned by hedge funds and other institutional investors.

Grupo Televisa Company Profile

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.