Market Overview

UPDATE: Morgan Stanley Reiterates On Grupo Televisa SAB (ADR) Following Sale Agreement


In a report published Thursday, Morgan Stanley analyst Michel Morin reiterated an Overweight rating on Grupo Televisa SAB (ADR) (NYSE: TV), but removed the $42.00 price target.

In the report, Morgan Stanley noted, “Since its inception in 2012, the 50-50% JV included a ‘Texas shoot-out' conflict resolution mechanism, which begins when one party informs the other of their intention to sell their stake at a specific price. This offer must then be accepted; otherwise the party that declines the offer is forced to sell its stake at that same price. In this case, it would appear that Televisa initiated the shoot-out with the $717mn bid and that Salinas agreed to buy out TV's 50% stake at that price. If the deal closes,TV would take a $320mn charge,as the company had previously written down a portion of its investment, which totaled approximately $1.7bn in the three years since 2011.”

Grupo Televisa SAB closed on Wednesday at $36.58.

Latest Ratings for TV

Mar 2019MaintainsOverweightOverweight
Feb 2019UpgradesNeutralBuy
Jan 2019UpgradesSector UnderperformSector Perform

View More Analyst Ratings for TV
View the Latest Analyst Ratings

Posted-In: Michel Morin Morgan StanleyAnalyst Color Price Target Analyst Ratings


Related Articles (TV)

View Comments and Join the Discussion!

Latest Ratings

HSKACanaccord GenuityMaintains75.0
AVGOMorgan StanleyMaintains265.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

UPDATE: Goldman Sachs Downgrades Express Scripts Holding Company

5 Services Stocks With The Lowest PEG Ratio