In yesterday’s Wall Street session, Grupo Televisa S.A.B. (NYSE:TV) shares traded at $4.72, up 2.16% from the previous session.
TV stock price is now -5.26% away from the 50-day moving average and -8.63% away from the 200-day moving average. The market capitalization of the company currently stands at $2.67B.
With the price target of $6.10, Goldman recently initiated with Buy rating for Grupo Televisa S.A.B. (NYSE: TV).
A total of 27.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TV stock. A new stake in Grupo Televisa S.A.B. shares was purchased by HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND during the first quarter worth $9,044,000. EMERGING VARIANT CAPITAL MANAGEMENT LP invested $4,968,000 in shares of TV during the first quarter. In the first quarter, MANGROVE PARTNERS acquired a new stake in Grupo Televisa S.A.B. valued at approximately $3,913,000. BALYASNY ASSET MANAGEMENT L.P. acquired a new stake in TV for approximately $243,000. VANGUARD CAPITAL WEALTH ADVISORS purchased a new stake in TV valued at around $189,000 in the second quarter.
Wednesday morning saw Grupo Televisa S.A.B. (NYSE: TV) opened at $4.5600. During the past 12 months, Grupo Televisa S.A.B. has had a low of $4.38 and a high of $8.00. As of last week, the company has a debt-to-equity ratio of 0.84, a current ratio of 2.40, and a quick ratio of 2.30. The fifty day moving average price for TV is $4.9802 and a two-hundred day moving average price translates $5.1624 for the stock.
The latest earnings results from Grupo Televisa S.A.B. (NYSE: TV) was released for Mar, 2023. According to the Telecom Services Company, earnings per share came in at $0.01, missing analysts’ expectations of $0.04 by -0.03. This compares to $4.44 EPS in the same period last year. The net profit margin was -11.60% and return on equity was -6.50% for TV. The company reported revenue of $992.65 million for the quarter, compared to $908.13 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.31 percent. For the current quarter, analysts expect TV to generate $1.11B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/12/2023. Investors who held shares on 05/30/2023 were paid a $0.098526 dividend. On an annualized basis, this represents a $0.10 dividend and a 2.12% percent yield. There was an ex-dividend date of 05/26/2023 for this dividend.
Grupo Televisa S.A.B.(TV) Company Profile
Grupo Televisa, S.A.B. operates as a media company in the Spanish-speaking Mexico and internationally. 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 services, as well as sales 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. The Sky segment offers direct-to-home broadcast satellite pay television services comprising program, installation, and equipment rental services to subscribers in Mexico, Central America, and the Dominican Republic; and national advertising sales. The Other Businesses segment is involved in the sports and show business promotion, soccer, gaming, and publishing distribution businesses, as well as provides transmission concessions and facilities. The company was founded in 1969 and is headquartered in Mexico City, Mexico.
