Are Analysts Expecting A Better 2020 For Grupo Televisa S.A.B. (TV)?


Intermede Investment Partners Ltd.. has recently announced that it has increased stake in Grupo Televisa S.A.B. (NYSE:TV) by 2.19%. After grabbing 5.47 million shares, the institutional investor is now in possession of 0.12 million shares of the Communication Services Company. The new investment brought the stake of investor firm to 1.08% having worth around $30.56 million.

Grupo Televisa S.A.B. (TV) concluded trading on 08/26/20 at a closing price of $6.18, with 1.18 million shares of worth about $7.27 million changed hands on the day. Weekly performance of the stock remained negative as price took a plunge of -5.50% during that period and on Wednesday the price saw a loss of about -3.29%. Currently the company’s common shares owned by public are about 564.00M shares, out of which, 558.57M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 16 analysts are covering the TV stock and their offered price forecasts bring an average price target of $7.85. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $14.57 and could fall to a lowest price of $5.50. Analysts also issued an outlook of 2.60 for the Grupo Televisa S.A.B. stock for next 12 months. The stock’s current price level is 25.36% above of average price target set by the analysts, while a rise to estimated low would result in loss of -12.36 for the stock. However, touching the estimated high of $14.57 would mean a gain of 57.58% for the stock.

Dodge & Cox Funds – International, Oakmark International Fund, and Dodge & Cox Funds – Global Stock are the top 3 mutual funds which are holding stakes in Grupo Televisa S.A.B. Dodge & Cox Funds – International is currently holding 50.13 million shares of worth totaling $280.2 million. The company recently came buying 0.0 shares which brought its stake up to 9.91% of the company’s outstanding shares. Dodge & Cox Funds – Global Stock, after buying 12.14 million shares, have now control over 2.40% of the stake in the company. It holds 0.0 shares of worth $67.87 million.

Grupo Televisa S.A.B. (NYSE: TV) started trading at $6.35, below -$0.04 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $6.18, or with a loss of -3.29%. Stock saw a price change of -5.50% in past 5 days and over the past one month there was a price change of 12.77%. Year-to-date (YTD), TV shares are showing a performance of -47.31% which decreased to -22.07% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.65 but also hit the highest price of $12.60 during that period. While comparing its average daily trading volume of 1.76 million shares, we see that about 1.18 million changed hands on the day. The stock is currently trading -3.81% below its 20-day simple moving average (SMA20), while that difference is up 6.11% for SMA50 and it goes to -22.29% lower than SMA200.

Intermede Investment Partners Ltd.. acquired 5.47 million shares of Grupo Televisa S.A.B. having value of about $30.56 million. Data submitted at the U.S SEC by Intermede Investment Partners Ltd.. revealed that the firm now holds 0.12 million shares in the company valued at close to $725445.48, or have control over 2.19% stake in the company. Grupo Televisa S.A.B. (NYSE: TV) currently have 564.00M outstanding shares and institutions hold larger chunk of about 47.70% of that. Holding of mutual funds in the company is about 24.26% while other institutional holders and individual stake holders have control over 28.38% and — of the stake respectively.

The stock has a current market capitalization of $3.55B and its 3Y-monthly beta is at 1.19. It has posted earnings per share of -$0.39 in the same period. It has Quick Ratio of 1.70 while making debt-to-equity ratio of 2.48. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TV, volatility over the week remained 3.47% while standing at 4.79% over the month.

Analysts are in expectations that Grupo Televisa S.A.B. (TV) stock would likely to be making an EPS of $0.02 in the current quarter, while forecast for next quarter ESPS is $0.07 and it is $0.12 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.01 which is $0.02 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.07 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -22.70% while it is estimated to increase by 121.10% in next year. EPS is likely to grow at an annualized rate of 2.20% for next 5-years, compared to annual growth of -1.60% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on November 11, 2019 offering an Underweight rating for the stock and assigned a target price of to it. Coverage by Citigroup stated Grupo Televisa S.A.B. (TV) stock as a Buy in their note to investors on February 01, 2019, suggesting a price target of for the stock. On April 03, 2018, Goldman Initiated their recommendations, while on December 15, 2017, JP Morgan Upgrade their ratings for the stock with a price target of. Stock get an Equal-weight rating from Morgan Stanley on August 10, 2017.


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