Grupo Televisa (NYSE:TV) Shares Gap Up After Analyst Upgrade

Grupo Televisa S.A. (NYSE:TV) shares gapped up prior to trading on Tuesday after UBS Group raised their price target on the stock from $2.40 to $2.50. The stock had previously closed at $2.30, but opened at $2.52. UBS Group currently has a neutral rating on the stock. Grupo Televisa shares last traded at $2.55, with a volume of 1,769,361 shares trading hands.

Other equities research analysts also recently issued research reports about the stock. The Goldman Sachs Group upped their price objective on shares of Grupo Televisa from $1.80 to $2.20 and gave the stock a “buy” rating in a report on Wednesday, May 21st. Benchmark raised their price objective on shares of Grupo Televisa from $7.00 to $9.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Finally, Wall Street Zen downgraded Grupo Televisa from a “buy” rating to a “hold” rating in a report on Friday, May 30th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $4.57.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Signaturefd LLC lifted its position in shares of Grupo Televisa by 72.7% during the first quarter. Signaturefd LLC now owns 16,085 shares of the company’s stock worth $28,000 after purchasing an additional 6,770 shares in the last quarter. R Squared Ltd lifted its position in shares of Grupo Televisa by 405.9% during the first quarter. R Squared Ltd now owns 21,400 shares of the company’s stock worth $37,000 after purchasing an additional 17,170 shares in the last quarter. PEAK6 LLC acquired a new position in shares of Grupo Televisa during the fourth quarter worth approximately $41,000. Russell Investments Group Ltd. acquired a new position in shares of Grupo Televisa during the fourth quarter worth approximately $47,000. Finally, Vident Advisory LLC raised its holdings in Grupo Televisa by 114.8% during the 1st quarter. Vident Advisory LLC now owns 28,762 shares of the company’s stock worth $50,000 after purchasing an additional 15,374 shares during the last quarter. 55.77% of the stock is owned by institutional investors.

Grupo Televisa Price Performance

The company has a fifty day simple moving average of $2.20 and a two-hundred day simple moving average of $1.98. The company has a current ratio of 2.35, a quick ratio of 2.33 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $1.56 billion, a P/E ratio of -3.75, a PEG ratio of 1.57 and a beta of 1.94.

Grupo Televisa (NYSE:TV) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.06. The company had revenue of $787.59 million during the quarter, compared to analysts’ expectations of $14.96 billion. Grupo Televisa had a negative return on equity of 6.95% and a negative net margin of 13.56%. Sell-side analysts expect that Grupo Televisa S.A. will post -0.07 EPS for the current fiscal year.

Grupo Televisa Cuts Dividend

The business also recently announced an annual dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 30th were issued a dividend of $0.0908 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a yield of 3.9%. Grupo Televisa’s dividend payout ratio (DPR) is currently -10.67%.

Grupo Televisa Company Profile

Grupo Televisa, SAB., together with its subsidiaries, owns and operates cable companies and provides direct-to-home satellite pay television system in Mexico and the United States. It operates through three segments: Cable, Sky, and Other Businesses. The Cable segment operates cable multiple system that provides basic and premium television subscription, pay-per-view, installation, Internet subscription, and telephone and mobile services subscription, as well as local and national advertising services; and telecommunication facilities, which offers data and long-distance services solutions to carriers and other telecommunications service providers through its fiber-optic network.