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Investing.com - JPMorgan has upgraded Grupo Televisa SA (NYSE:TV) from Neutral to Overweight, citing improved performance at its TelevisaUnivision media asset. According to InvestingPro analysis, Grupo Televisa is currently undervalued, with multiple financial metrics supporting JPMorgan’s bullish stance.
The upgrade is primarily based on a more positive outlook for Televisa’s 45% stake in TelevisaUnivision, which has begun generating cash and reducing debt while growing faster than key U.S. peers.
TelevisaUnivision has decreased its net debt to EBITDA ratio from 6.1x in the second quarter of 2024 to 5.5x in the second quarter of 2025, reflecting both increased EBITDA and improved free cash flow generation.
The media company’s EBITDA rose to $1,622 million over the last twelve months compared to $1,571 million in the same period last year, while free cash flow jumped to $574 million from $200 million.
JPMorgan expects TelevisaUnivision’s cash flow to remain strong in upcoming quarters, with the net debt to EBITDA ratio projected to decline further to 5.0x by 2026.
In other recent news, Grupo Televisa’s second-quarter 2025 earnings results were mostly in line with expectations, according to analysts. Benchmark raised its price target for Grupo Televisa to $9.00, citing improvements in cost efficiency within its Mexico cable operations and a favorable change in the peso spot rate. Despite these positive developments, Goldman Sachs downgraded the company’s stock from Buy to Neutral, attributing this decision to a significant rally in Televisa shares. Goldman Sachs did, however, increase its price target for the company to $2.60 from $2.40. These recent developments highlight the mixed analyst sentiment surrounding Grupo Televisa. Benchmark remains optimistic with a Buy rating, while Goldman Sachs takes a more cautious stance. Investors should consider these insights when evaluating Grupo Televisa’s current market position.
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