The stock of Grupo Televisa SAB ADR (NYSE:TV) last traded at $2.35, up 0.86% from the previous session.
Data from the available sources indicates that Grupo Televisa SAB ADR (NYSE:TV) is covered by 13 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $12.17 and a low of $3.37, we find $5.00. Given the previous closing price of $2.33, this indicates a potential upside of 114.59 percent. TV stock price is now -31.43% away from the 50-day moving average and -50.17% away from the 200-day moving average. The market capitalization of the company currently stands at $1.27B.
In total, 3 analysts have assigned it a hold rating, and 9 have given it a buy rating. Brokers who have rated the stock have averaged $6.58 as their price target over the next twelve months.
With the price target reduced from $5 to $4.70, BofA Securities Upgraded its rating from Neutral to Buy for Grupo Televisa SAB ADR (NYSE: TV).
A total of 0.15% 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 SAB ADR shares was purchased by EMERGING VARIANT CAPITAL MANAGEMENT LP during the first quarter worth $2,474,000. THOMAS WHITE INTERNATIONAL LTD invested $828,000 in shares of TV during the first quarter. In the first quarter, JUMP FINANCIAL, LLC acquired a new stake in Grupo Televisa SAB ADR valued at approximately $799,000. WELLINGTON MANAGEMENT GROUP LLP acquired a new stake in TV for approximately $520,000. KEELEY-TETON ADVISORS, LLC purchased a new stake in TV valued at around $157,000 in the second quarter. In total, there are 155 active investors with 40.27% ownership of the company’s stock.
With an opening price of $2.3800 on Friday morning, Grupo Televisa SAB ADR (NYSE: TV) set off the trading day. During the past 12 months, Grupo Televisa SAB ADR has had a low of $2.24 and a high of $6.57. As of last week, the company has a debt-to-equity ratio of 0.81, a current ratio of 1.78, and a quick ratio of 1.74. The fifty day moving average price for TV is $3.3818 and a two-hundred day moving average price translates $4.7012 for the stock.
The latest earnings results from Grupo Televisa SAB ADR (NYSE: TV) was released for Sep, 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 $0.01 EPS in the same period last year. The net profit margin was -18.44% and return on equity was -10.20% for TV. The company reported revenue of $1.05 billion for the quarter, compared to $924.82 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.35 percent. For the current quarter, analysts expect TV to generate $1.02B 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 4.14% percent yield. There was an ex-dividend date of 05/26/2023 for this dividend.
Grupo Televisa SAB ADR(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.
