Grupo Televisa (NYSE:TV) Hits New 52-Week Low – Should You Sell?
by Tristan Rich · The Markets DailyGrupo Televisa S.A. (NYSE:TV – Get Free Report) hit a new 52-week low during trading on Tuesday . The stock traded as low as $2.31 and last traded at $2.3150, with a volume of 191940 shares traded. The stock had previously closed at $2.37.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on TV. Wall Street Zen downgraded shares of Grupo Televisa from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. UBS Group lowered their price target on Grupo Televisa from $3.20 to $3.10 and set a “neutral” rating on the stock in a research report on Monday, July 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Grupo Televisa in a report on Friday, July 17th. Finally, New Street Research lowered Grupo Televisa from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 17th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $6.55.
View Our Latest Stock Report on Grupo Televisa
Grupo Televisa Price Performance
The company has a current ratio of 2.40, a quick ratio of 2.38 and a debt-to-equity ratio of 0.05. The firm has a fifty day moving average of $2.73 and a two-hundred day moving average of $2.82. The company has a market capitalization of $1.21 billion, a PE ratio of -2.50, a PEG ratio of 0.74 and a beta of 1.55.
Grupo Televisa (NYSE:TV – Get Free Report) last issued its earnings results on Friday, July 24th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.06). The firm had revenue of $816.64 million during the quarter, compared to analysts’ expectations of $818.16 million. Grupo Televisa had a negative return on equity of 8.33% and a negative net margin of 15.28%. Research analysts anticipate that Grupo Televisa S.A. will post 0.1 EPS for the current fiscal year.
Institutional Trading of Grupo Televisa
Several large investors have recently modified their holdings of TV. TD Private Client Wealth LLC increased its holdings in Grupo Televisa by 32.1% during the 4th quarter. TD Private Client Wealth LLC now owns 14,111 shares of the company’s stock valued at $41,000 after purchasing an additional 3,426 shares during the period. Caitong International Asset Management Co. Ltd grew its position in shares of Grupo Televisa by 135.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 15,499 shares of the company’s stock worth $45,000 after buying an additional 8,926 shares during the last quarter. SmartHarvest Portfolios LLC bought a new stake in shares of Grupo Televisa in the 1st quarter worth approximately $30,000. AXQ Capital LP purchased a new position in shares of Grupo Televisa during the fourth quarter valued at approximately $35,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in shares of Grupo Televisa by 3.9% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 394,950 shares of the company’s stock valued at $1,149,000 after buying an additional 15,000 shares during the period. 55.77% of the stock is owned by institutional investors.
About Grupo Televisa
Grupo Televisa, SAB. is a Mexican media and telecommunications company serving customers primarily in Mexico. Its principal activities include providing pay television, broadband internet, fixed-line voice and mobile services through its cable operations, as well as satellite television services through SKY.
The company also has interests in content production and distribution. In 2022, Grupo Televisa combined substantially all of its content and media assets with Univision Holdings to create TelevisaUnivision, a Spanish-language media and entertainment company.