Morgan Stanley analyst Cesar Medina maintained a Buy rating on Grupo Televisa, S.A.B. (TV – Research Report) today and set a price target of $9.00. The company’s shares closed yesterday at $4.67.
Medina covers the Technology sector, focusing on stocks such as America Movil, Grupo Televisa, S.A.B., and Telecom Argentina. According to TipRanks, Medina has an average return of -6.7% and a 38.89% success rate on recommended stocks.
Currently, the analyst consensus on Grupo Televisa, S.A.B. is a Moderate Buy with an average price target of $7.50.
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TV market cap is currently $2.76B and has a P/E ratio of -3.42.
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Grupo Televisa SAB engages in the provision of media products and services. It operates through the following segments: Content, Sky, Cable, and Other Businesses. The Content segment includes advertising, network subscription revenue and licensing and syndication. The Sky segment includes direct-to-home satellite television system. The Cable segment offers video, high-speed data and voice services to residential and commercial customers, including small- and medium-sized businesses and hotels; and provides telecommunications services, including voice, data, and managed services, to domestic and international carriers and to enterprise, corporate, and government customers. The Other Businesses segment comprises of publishing, gaming, soccer, radio, feature-film distribution, and publishing distribution activities. The company was founded in 1930 and is headquartered in Mexico City, Mexico.
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