Grupo Televisa (NYSE:TV) Price Target Cut to $3.10 by Analysts at UBS Group

Grupo Televisa (NYSE:TV) had its price target trimmed by UBS Group from $3.20 to $3.10 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other equities research analysts also recently issued reports on TV. Wall Street Zen downgraded Grupo Televisa from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Grupo Televisa in a research report on Monday, April 20th. Finally, New Street Research cut Grupo Televisa from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 17th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $5.23.

Grupo Televisa Price Performance

Shares of NYSE:TV opened at $2.75 on Monday. Grupo Televisa has a 1 year low of $2.03 and a 1 year high of $3.49. The business has a fifty day simple moving average of $2.80 and a 200 day simple moving average of $2.97. The company has a current ratio of 2.39, a quick ratio of 2.36 and a debt-to-equity ratio of 0.04. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of -3.40, a P/E/G ratio of 0.51 and a beta of 1.55.

Insider Activity at Grupo Televisa

In other news, 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 owned 838,275 shares in the company, valued at $477,816.75. This trade represents a 5.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Margain Guadalupe Phillips sold 44,500 shares of the company’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 sale, the director owned 838,275 shares in the company, valued at $477,816.75. The trade was a 5.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 1,197,500 shares of company stock worth $680,245.

Institutional Trading of Grupo Televisa

A number of large investors have recently added to or reduced their stakes in TV. JPMorgan Chase & Co. lifted its position in shares of Grupo Televisa by 6.5% in the third quarter. JPMorgan Chase & Co. now owns 22,426,972 shares of the company’s stock valued at $60,329,000 after buying an additional 1,367,578 shares during the last quarter. Gamco Investors INC. ET AL lifted its holdings in Grupo Televisa by 10.4% during the 4th quarter. Gamco Investors INC. ET AL now owns 20,897,253 shares of the company’s stock valued at $60,811,000 after purchasing an additional 1,975,268 shares during the last quarter. UBS Group AG lifted its holdings in Grupo Televisa by 216.4% during the 4th quarter. UBS Group AG now owns 1,161,678 shares of the company’s stock valued at $3,380,000 after purchasing an additional 794,514 shares during the last quarter. Barometer Capital Management Inc. boosted its position in Grupo Televisa by 192.3% during the third quarter. Barometer Capital Management Inc. now owns 320,400 shares of the company’s stock worth $862,000 after purchasing an additional 210,800 shares during the period. Finally, Mirabella Financial Services LLP bought a new position in shares of Grupo Televisa in the third quarter valued at about $467,000. Institutional investors and hedge funds own 55.77% of the company’s stock.

About Grupo Televisa

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.