Shares of Grupo Televisa S.A. (NYSE:TV – Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $2.31 and last traded at $2.3150, with a volume of 191940 shares changing hands. The stock had previously closed at $2.37.
Analysts Set New Price Targets
TV has been the topic of a number of recent analyst reports. Wall Street Zen cut Grupo Televisa from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. New Street Research cut shares of Grupo Televisa from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 17th. Weiss Ratings restated a “sell (d-)” rating on shares of Grupo Televisa in a research note on Friday, July 17th. Finally, UBS Group reduced their price objective on Grupo Televisa from $3.20 to $3.10 and set a “neutral” rating for the company in a report on Monday, July 6th. One research 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $6.55.
Read Our Latest Research Report on TV
Grupo Televisa Trading Down 4.0%
Grupo Televisa (NYSE:TV – Get Free Report) last released its quarterly earnings data on Friday, July 24th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). The business had revenue of $816.64 million during the quarter, compared to analysts’ expectations of $818.16 million. Grupo Televisa had a negative net margin of 15.28% and a negative return on equity of 8.33%. As a group, equities research analysts expect that Grupo Televisa S.A. will post 0.1 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Grupo Televisa
Several hedge funds and other institutional investors have recently modified their holdings of TV. SmartHarvest Portfolios LLC purchased a new stake in Grupo Televisa in the 1st quarter worth approximately $30,000. AXQ Capital LP bought a new position in shares of Grupo Televisa in the fourth quarter worth $35,000. TD Private Client Wealth LLC increased its holdings in shares of Grupo Televisa by 32.1% in the fourth quarter. TD Private Client Wealth LLC now owns 14,111 shares of the company’s stock worth $41,000 after purchasing an additional 3,426 shares during the period. Caitong International Asset Management Co. Ltd raised its position in shares of Grupo Televisa by 135.8% in the fourth 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 in the last quarter. Finally, QRG Capital Management Inc. purchased a new stake in shares of Grupo Televisa in the first quarter worth $51,000. 55.77% of the stock is currently owned by institutional investors.
Grupo Televisa Company Profile
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.
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