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Investing.com - Benchmark raised its price target on Grupo Televisa SA (NYSE:TV) to $9.00 from $7.00 on Wednesday, while maintaining a Buy rating on the Mexican media company. The stock, currently trading at $2.50, has shown strong momentum with an 11.27% gain in the past week and impressive 36.48% return over six months. According to InvestingPro analysis, the company appears undervalued based on its Fair Value metrics.
The price target increase reflects cost improvements in Mexico cable operations as shown in the second-quarter earnings release, along with a 4.5% sequential improvement in the current peso spot rate from the second-quarter 2025 moving average.
Benchmark’s $9 fair value assessment, at a 6.6x proportionate target EBITDA multiple, implies a $5.2 billion target Televisa equity capitalization, compared to approximately $1.3 billion currently.
The firm noted that Grupo Televisa’s marquee assets include 43% ownership in TelevisaUnivision as well as "must have" Mexican fiber-to-the-home (FTTH) infrastructure with approximately 20 million homes now passed and high-speed broadband.
Benchmark also highlighted that the TelevisaUnivision joint venture reported benign results earlier Tuesday, with leaner operations generating a 10% Adjusted OIBDA gain despite a soft overall advertising market.
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