Grupo Televisa (NYSE:TV) Sets New 1-Year Low – Should You Sell?

Grupo Televisa S.A. (NYSE:TV – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Friday. The stock traded as low as $2.18 and last traded at $2.2150, with a volume of 262095 shares changing hands. The stock had previously closed at $2.24.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TV shares. UBS Group dropped 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. New Street Research cut shares of Grupo Televisa from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 17th. Finally, Wall Street Zen downgraded shares of Grupo Televisa from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Grupo Televisa has an average rating of “Reduce” and an average price target of $6.55.

Read Our Latest Report on TV

Grupo Televisa Stock Down 1.6%

The company has a market cap of $1.17 billion, a price-to-earnings ratio of -2.42, a PEG ratio of 0.69 and a beta of 1.54. The business has a 50-day simple moving average of $2.57 and a two-hundred day simple moving average of $2.75. The company has a quick ratio of 2.38, a current ratio of 2.40 and a debt-to-equity ratio of 0.05.

Grupo Televisa (NYSE:TV – Get Free Report) last issued 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). Grupo Televisa had a negative net margin of 15.28% and a negative return on equity of 8.33%. The company had revenue of $816.64 million during the quarter, compared to the consensus estimate of $818.16 million. As a group, equities analysts forecast that Grupo Televisa S.A. will post 0.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Grupo Televisa

Institutional investors have recently modified their holdings of the company. Gabelli Funds LLC lifted its stake in shares of Grupo Televisa by 1.7% in 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 during the last quarter. Barometer Capital Management Inc. raised its holdings in Grupo Televisa by 5,216.5% in the 1st quarter. Barometer Capital Management Inc. now owns 451,900 shares of the company’s stock worth $1,315,000 after acquiring an additional 443,400 shares during the period. Segall Bryant & Hamill LLC bought a new position in Grupo Televisa in the 1st quarter worth $413,000. NewEdge Advisors LLC lifted its position in Grupo Televisa by 1,335.4% during the 1st quarter. NewEdge Advisors LLC now owns 134,869 shares of the company’s stock worth $392,000 after acquiring an additional 125,473 shares during the last quarter. Finally, Lido Advisors LLC bought a new stake in Grupo Televisa during the first quarter valued at about $62,000. Institutional investors own 55.77% of the company’s stock.

Grupo Televisa Company Profile

(Get Free Report)

Grupo Televisa, SAB. is a Mexican media and telecommunications company headquartered in Mexico City. Its principal operating businesses include izzi, which provides broadband internet, pay television, fixed-line telephone and related telecommunications services, and SKY México, a subscription-based satellite television provider. The company serves residential and business customers primarily in Mexico.

Televisa was formed in 1973 through the merger of Telesistema Mexicano and Televisión Independiente de México.

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