Grupo Televisa (NYSE:TV) Trading Down 8% – Should You Sell?

Grupo Televisa S.A. (NYSE:TV) shares traded down 8% during mid-day trading on Friday . The company traded as low as $2.88 and last traded at $2.9150. 3,962,269 shares were traded during mid-day trading, an increase of 87% from the average session volume of 2,116,050 shares. The stock had previously closed at $3.17.

Wall Street Analyst Weigh In

A number of brokerages have commented on TV. UBS Group restated a “buy” rating on shares of Grupo Televisa in a research report on Monday, October 27th. JPMorgan Chase & Co. raised shares of Grupo Televisa from a “neutral” rating to an “overweight” rating in a research report on Wednesday, August 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Grupo Televisa in a research report on Wednesday, October 8th. Finally, Benchmark increased their target price on shares of Grupo Televisa from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, November 28th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $5.07.

Grupo Televisa Trading Down 7.8%

The company has a market cap of $1.62 billion, a price-to-earnings ratio of -2.90 and a beta of 1.96. The company’s 50 day moving average price is $2.72 and its 200 day moving average price is $2.54. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.29 and a current ratio of 2.31.

Grupo Televisa (NYSE:TV) last issued its quarterly earnings data on Friday, October 24th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.22). Grupo Televisa had a negative return on equity of 9.49% and a negative net margin of 18.27%.The business had revenue of $798.55 million during the quarter, compared to the consensus estimate of $14.66 billion. Research analysts anticipate that Grupo Televisa S.A. will post -0.07 EPS for the current year.

Institutional Investors Weigh In On Grupo Televisa

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. TD Private Client Wealth LLC raised its holdings in shares of Grupo Televisa by 68.8% in the 3rd quarter. TD Private Client Wealth LLC now owns 10,685 shares of the company’s stock worth $29,000 after buying an additional 4,355 shares in the last quarter. Corient Private Wealth LLC raised its stake in 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 acquiring an additional 6,518 shares in the last quarter. EntryPoint Capital LLC lifted its holdings in shares of Grupo Televisa by 6.9% during the first quarter. EntryPoint Capital LLC now owns 137,851 shares of the company’s stock valued at $241,000 after acquiring an additional 8,953 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. boosted its stake in shares of Grupo Televisa by 2.5% in the 2nd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 405,950 shares of the company’s stock valued at $889,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Strid Group LLC bought a new stake in shares of Grupo Televisa in the 3rd quarter worth about $27,000. 55.77% of the stock is currently owned by institutional investors and hedge funds.

About Grupo Televisa

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.