Goldman Sachs Maintains Buy Rating for Grupo Televisa: Here's What You Need To Know

Goldman Sachs has decided to maintain its Buy rating of Grupo Televisa TV and lower its price target from $6.10 to $5.20.

Shares of Grupo Televisa are trading up 0.0% over the last 24 hours, at $3.12 per share.

A move to $5.20 would account for a 66.67% increase from the current share price.

About Grupo Televisa

Grupo Televisa is one of the leading telecommunication firms in Mexico. Televisa's cable arm, Izzi, holds networks that pass 19 million Mexican homes and provide broadband service to 6 million customers. The firm is also one of the largest pay-television providers in Mexico, with more than 4 million customers. Televisa holds a majority stake in Sky Mexico, the country's only satellite TV provider, serving about 6 million customers. Televisa holds interests in several smaller businesses, including terrestrial radio, magazine publishing, Mexico bingo parlors, and three of Mexico's professional soccer teams. It plans to spin these businesses off in the near future. After merging its traditional media business into Univision, Televisa owns a 45% stake in combined entity TelevisaUnivision.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.