Grupo Televisa (NYSE:TV) Rating Lowered to Hold at Wall Street Zen

Grupo Televisa (NYSE:TV) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other analysts have also recently weighed in on the stock. 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 reiterated a “sell (d-)” rating on shares of Grupo Televisa in a research note on Monday, April 20th. Finally, UBS Group cut their price objective on Grupo Televisa from $3.70 to $3.20 and set a “neutral” rating on the stock in a report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Grupo Televisa presently has a consensus rating of “Reduce” and an average target price of $5.27.

Grupo Televisa Price Performance

TV stock opened at $2.65 on Friday. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of -3.27, a P/E/G ratio of 0.51 and a beta of 1.55. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.39 and a quick ratio of 2.36. The company has a 50 day simple moving average of $2.81 and a 200 day simple moving average of $2.97. Grupo Televisa has a 1 year low of $2.03 and a 1 year high of $3.49.

Insider Buying and Selling at Grupo Televisa

In other Grupo Televisa news, Director Margain Guadalupe Phillips sold 44,500 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $0.57, for a total transaction of $25,365.00. Following the completion of the sale, the director owned 838,275 shares of the company’s stock, valued at approximately $477,816.75. This represents a 5.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Francisco Valim sold 225,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $0.57, for a total transaction of $128,250.00. Following the transaction, the insider owned 225,000 shares of the company’s stock, valued at approximately $128,250. The trade was a 50.00% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 1,197,500 shares of company stock worth $680,245.

Hedge Funds Weigh In On Grupo Televisa

A number of hedge funds have recently bought and sold shares of the company. SmartHarvest Portfolios LLC acquired a new position in Grupo Televisa in the first quarter valued at $30,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Grupo Televisa during the 4th quarter worth about $32,000. AXQ Capital LP acquired a new stake in Grupo Televisa during the 4th quarter worth about $35,000. Diversified Trust Co. acquired a new stake in Grupo Televisa during the 4th quarter worth about $38,000. Finally, Evergreen Capital Management LLC bought a new position in shares of Grupo Televisa in the 2nd quarter worth about $29,000. Institutional investors own 55.77% of the company’s stock.

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.