Grupo Televisa (NYSE:TV) Sees Strong Trading Volume – Still a Buy?

Grupo Televisa S.A. (NYSE:TV) shares saw unusually-strong trading volume on Tuesday. 2,229,633 shares traded hands during mid-day trading, an increase of 89% from the average daily volume of 1,181,572 shares. The stock last traded at $2.0950 and had previously closed at $2.02.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TV shares. Zacks Research cut Grupo Televisa from a “hold” rating to a “strong sell” rating in a report on Monday, October 19th. New Street Research upgraded Grupo Televisa from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 21st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Grupo Televisa in a research report on Thursday, October 15th. UBS Group reduced their price objective on Grupo Televisa from $3.20 to $2.30 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Wall Street Zen upgraded Grupo Televisa from a “hold” rating to a “buy” rating in a report on Saturday, October 31st. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Grupo Televisa has a consensus rating of “Reduce” and an average target price of $6.15.

Grupo Televisa Stock Performance

The company has a market capitalization of $1.24 billion, a P/E ratio of -3.71, a PEG ratio of 0.75 and a beta of 1.62. The stock’s fifty day moving average price is $2.37 and its 200-day moving average price is $2.78. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.38 and a current ratio of 2.08.

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 5.60% and a negative net margin of 10.39%. The company had revenue of $778.61 million during the quarter, compared to the consensus estimate of $763.71 million. As a group, research analysts anticipate that Grupo Televisa S.A. will post 0.09 EPS for the current fiscal year.

Institutional Trading of Grupo Televisa

Hedge funds have recently added to or reduced their stakes in the company. First Command Advisory Services Inc. boosted its position in shares of Grupo Televisa by 142.7% in the third quarter. First Command Advisory Services Inc. now owns 34,237 shares of the company’s stock valued at $78,000 after acquiring an additional 20,129 shares during the period. Simplex Trading LLC increased its stake in shares of Grupo Televisa by 374.0% in the 3rd quarter. Simplex Trading LLC now owns 20,139 shares of the company’s stock valued at $46,000 after purchasing an additional 15,890 shares during the last quarter. NewEdge Advisors LLC grew its position in Grupo Televisa by 1,335.4% in the first 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 during the last quarter. Segall Bryant & Hamill LLC bought a new stake in shares of Grupo Televisa during the 1st quarter valued at approximately $413,000. Finally, Gabelli Funds LLC increased its holdings in shares of Grupo Televisa by 1.7% during the first quarter. Gabelli Funds LLC now owns 7,819,600 shares of the company’s stock worth $22,755,000 after buying an additional 133,000 shares in the last quarter. 55.77% of the stock is owned by institutional investors and hedge funds.

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.