Grupo Televisa S.A. (NYSE:TV – Get Free Report)’s share price fell 8.5% during mid-day trading on Monday . The company traded as low as $2.74 and last traded at $2.7350. 485,120 shares were traded during mid-day trading, a decline of 61% from the average session volume of 1,246,183 shares. The stock had previously closed at $2.99.
Analyst Ratings Changes
Several research analysts have issued reports on TV shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Grupo Televisa in a report on Tuesday, March 3rd. Wall Street Zen lowered shares of Grupo Televisa from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 31st. New Street Research downgraded Grupo Televisa from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 17th. UBS Group reduced their target price on Grupo Televisa from $3.70 to $3.20 and set a “neutral” rating for the company in a report on Monday, May 11th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Grupo Televisa in a report on Monday, April 20th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $5.27.
Get Our Latest Research Report on Grupo Televisa
Grupo Televisa Trading Down 9.5%
Grupo Televisa (NYSE:TV – Get Free Report) last posted its earnings results on Saturday, February 14th. The company reported ($0.80) EPS for the quarter. The company had revenue of $807.20 million during the quarter. Grupo Televisa had a negative return on equity of 7.65% and a negative net margin of 13.93%. As a group, equities research analysts predict that Grupo Televisa S.A. will post 0.15 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Grupo Televisa news, Director Viadero Salvi Rafael Folch sold 200,003 shares of the firm’s stock in a transaction dated Monday, May 25th. The stock was sold at an average price of $0.56, for a total value of $112,001.68. Following the transaction, the director directly owned 32,997 shares of the company’s stock, valued at approximately $18,478.32. This trade represents a 85.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robelo Francisco Jose Chevez sold 44,500 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $0.57, for a total value of $25,365.00. Following the completion of the transaction, the director directly owned 838,275 shares in the company, valued at $477,816.75. The trade was a 5.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,762,584 shares of company stock valued at $1,007,994 over the last ninety days.
Hedge Funds Weigh In On Grupo Televisa
Several institutional investors have recently made changes to their positions in the business. Evergreen Capital Management LLC bought a new stake in Grupo Televisa during the second quarter valued at approximately $29,000. SmartHarvest Portfolios LLC purchased a new position in shares of Grupo Televisa during the 1st quarter worth $30,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Grupo Televisa during the 4th quarter valued at $32,000. AXQ Capital LP bought a new stake in shares of Grupo Televisa during the 4th quarter valued at $35,000. Finally, Diversified Trust Co. bought a new position in Grupo Televisa in the 4th quarter worth $38,000. 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.
Read More
- Five stocks we like better than Grupo Televisa
- Buy CrowdStrike Before the Stock Split? Here’s the Case
- Investors Are Buying Into Sweetgreen Again—Should They?
- Burlington Is Winning Over Shoppers But Investors Need Patience
- USA Today’s Digital Revival Is Gaining Steam, But With Plenty of Risk
Receive News & Ratings for Grupo Televisa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Televisa and related companies with MarketBeat.com's FREE daily email newsletter.
