Brokerages Set Grupo Televisa S.A. (NYSE:TV) PT at $5.07

Grupo Televisa S.A. (NYSE:TV) has earned a consensus recommendation of “Hold” from the six research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $5.0667.

Several research firms have recently weighed in on TV. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Grupo Televisa in a research report on Tuesday, March 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Grupo Televisa in a research note on Wednesday, January 21st. Zacks Research raised shares of Grupo Televisa from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. Finally, Benchmark reissued a “buy” rating on shares of Grupo Televisa in a research report on Friday, January 2nd.

Institutional Trading of Grupo Televisa

A number of large investors have recently modified their holdings of TV. Invesco Ltd. bought a new position in Grupo Televisa in the first quarter worth approximately $96,000. Envestnet Asset Management Inc. grew its position in shares of Grupo Televisa by 272.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 134,168 shares of the company’s stock worth $294,000 after buying an additional 98,180 shares in the last quarter. Assetmark Inc. bought a new position in shares of Grupo Televisa during the 2nd quarter worth $34,000. Acadian Asset Management LLC increased its stake in shares of Grupo Televisa by 32.9% during the second quarter. Acadian Asset Management LLC now owns 10,222,182 shares of the company’s stock valued at $22,376,000 after buying an additional 2,533,311 shares during the period. Finally, ABC Arbitrage SA bought a new stake in shares of Grupo Televisa in the second quarter valued at about $2,321,000. Hedge funds and other institutional investors own 55.77% of the company’s stock.

Grupo Televisa Stock Performance

TV opened at $2.95 on Friday. The stock’s 50 day moving average price is $3.12 and its 200-day moving average price is $2.87. Grupo Televisa has a one year low of $1.55 and a one year high of $3.49. The company has a quick ratio of 2.11, a current ratio of 2.12 and a debt-to-equity ratio of 0.84.

Grupo Televisa (NYSE:TV) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.78) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.77). The business had revenue of $794.82 million during the quarter, compared to analysts’ expectations of $799.01 million. Grupo Televisa had a negative return on equity of 8.56% and a negative net margin of 15.75%. On average, sell-side analysts forecast that Grupo Televisa will post -0.07 earnings per share for the current year.

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.