Analyst Matthew Harrigan from Benchmark Co. maintained a Buy rating on Grupo Televisa, S.A.B. (TV – Research Report) and keeping the price target at $8.00.
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Matthew Harrigan has given his Buy rating due to a combination of factors highlighting Grupo Televisa’s strong market position and financial outlook. The company is recognized for its leadership in Spanish-language television through its stake in TelevisaUnivision, including its streaming service ViX, and its ability to generate free cash flow from its cable and satellite operations in Mexico. Despite challenging market conditions, such as a difficult advertising environment, Grupo Televisa is expected to reduce its net debt levels by the end of 2025, which suggests financial resilience.
Additionally, Harrigan points out that a significant portion of TelevisaUnivision’s revenues, over 65%, comes from the U.S. market, providing a cushion against economic uncertainties in Mexico. The company’s revenue structure, with a mix of U.S. and peso-denominated sales, mitigates currency risks, while its strategic financial management includes adjusting estimates to reflect current exchange rates. Harrigan’s valuation of Televisa’s Mexican operations alongside TelevisaUnivision supports the Buy rating by applying a proportionate EBITDA target multiple relative to major indices, indicating potential for stock appreciation.
Harrigan covers the Communication Services sector, focusing on stocks such as Comcast, Ooma, and Grupo Televisa, S.A.B.. According to TipRanks, Harrigan has an average return of -1.1% and a 53.07% success rate on recommended stocks.