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Investing.com - Goldman Sachs downgraded Grupo Televisa SA (NYSE:TV) from Buy to Neutral on Friday, while raising its price target to $2.60 from $2.40. The stock, currently trading at $2.46, has shown remarkable strength with a 52.6% gain year-to-date, though InvestingPro data indicates the company’s overall financial health score remains "FAIR" at 2.48 out of 5.
The investment bank cited the recent rally in Televisa shares as a key reason for the downgrade, noting that the stock’s significant gains in recent weeks have occurred despite the company reporting mostly in-line second-quarter 2025 results. According to InvestingPro, the stock maintains a 3.28% dividend yield and has sustained dividend payments for five consecutive years, though recent market analysis suggests the shares may be approaching fair value.
Goldman Sachs maintained its 2025-2027 revenue estimates for Grupo Televisa but increased its EBITDA margin and earnings projections slightly due to better-than-expected operating expense trends. Lower near-term capital expenditure guidance also contributed to the price target increase.
The firm remains constructive on the structural unique traits of the TelevisaUnivision media asset, in which Televisa holds approximately 43% stake, despite anticipating tough comparison headwinds in the second half of 2025.
Goldman Sachs expressed increasing caution regarding Mexico’s highly competitive fixed-broadband market, concluding that Televisa’s potential upside is now more in line with the average of its Latin American technology, media, and telecommunications coverage.
In other recent news, Grupo Televisa has seen a positive development as Benchmark raised its price target for the company to $9.00 from the previous $7.00. This change comes in light of cost improvements in the company’s Mexico cable operations, which were highlighted in the second-quarter earnings release. The second-quarter results also showed a 4.5% sequential improvement in the current peso spot rate from the second-quarter 2025 moving average. Benchmark has maintained its Buy rating on the Mexican media company, reflecting confidence in its financial trajectory. These recent developments provide investors with updated insights into Grupo Televisa’s operational efficiency and financial outlook.
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