DIRS.INFO The most relevant business & tech news

☆ Goldman Sachs likes this Mexican telecom stock to play the country’s red-hot market
▼ + stars: | 2023-06-03 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The Mexican stock market is in rare form this year. The S & P/BM IPC index, the country's stock market benchmark, is up more than 9% in 2023. Given this backdrop, Goldman Sachs highlighted telecom giant Grupo Televisa as a stock that can outperform going forward. The stock has lagged the broader Mexican market, with U.S.-listed shares rising just 7% year to date. The company's U.S.-listed shares are up about 20% in 2023.

Persons: Goldman Sachs, Goldman, Vitor Tomita, Tomita, — CNBC's Michael Bloom Organizations: U.S, The, Federal Reserve, Grupo Televisa, Televisa, Univision Locations: Mexico, The U.S, U.S, American, financials, 2H22

☆ These are investor Mario Gabelli's favorite value stocks
▼ + stars: | 2023-04-26 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Billionaire investor Mario Gabelli is finding some value buying opportunities in this murky macroenvironment. Due to its reasonable balance sheet, solid management and defense tailwinds, Gabelli said investors can make 50% on their investment in two years' time. Finally, Gabelli highlighted Grupo Televisa SAB , a Latin American media company based in Mexico. In 2021, Grupo Televisa agreed to sell its media and content division in a deal valued at $4.8 billion, while maintaining a stake in the newly formed TelevisaUnivision. A potential public offering in the next year and a half should also benefit Grupo Televisa, now trading under $5 a share, Gabelli said.

☆ This country is the darling of the markets, Bank of America says. How to play it
▼ + stars: | 2023-04-19 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

One country is coming up again and again as the clear investor favorite this year, and there are ways for traders to play it, according to Bank of America. The Wall Street firm said Mexico is "the market's darling," with the Indice de Precios y Cotizaciones (IPC) climbing 12% this year. "On top of that, Mexico is perceived as a country that will continue to benefit from nearshoring," he said. Regardless, for investors tapping into the surge in markets, there are several ways to play the rise. For example, the iShares MSCI Mexico ETF (EWW) is up by 20% this year, far outpacing the roughly 4% climb for the broader iShares MSCI Emerging Markets ETF (EEM) over the same time period.

☆ Mexico's Televisa reaches $95 mln investor settlement over FIFA bribery role
▼ + stars: | 2023-03-01 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

[1/2] The logo of broadcaster Televisa is seen outside its headquarters in Mexico City, Mexico, December 14, 2022. REUTERS/Raquel Cunha/File PhotoNEW YORK, March 1 (Reuters) - Grupo Televisa SAB (TLEVISACPO.MX) has reached a $95 million settlement to resolve a U.S. investor lawsuit accusing the Mexican broadcaster of bribing FIFA soccer officials to win rights to four World Cup tournaments. Investors said they suffered losses as the bribery became known during corruption trials in Brooklyn, New York, causing the ADR price to fall. Its law firm Boies, Schiller & Flexner may seek up to $28.5 million of the settlement in fees and $3.5 million for expenses. The case is In re Grupo Televisa Securities Litigation, U.S. District Court, Southern District of New York, No.

Organizations: & $

☆ Mexico's Televisa posts Q4 net loss, dragged by TelevisaUnivison, Sky
▼ + stars: | 2023-02-23 | by ( ) www.reuters.com time to read: +2 min

MEXICO CITY, Feb 23 (Reuters) - Grupo Televisa , Mexico's largest broadcaster, reported on Thursday a net loss in the fourth quarter of 13.75 billion pesos ($705 million), hurt by losses related to TelevisaUnivison and declines in its satellite TV unit. The result compares with a net profit of 3.7 billion pesos in the year-earlier period, according to a statement filed with the Mexican stock exchange. The company's revenue increased 1.6% from the year-earlier period to 19.13 billion pesos, slightly missing the Refinitiv forecast of 19.28 billion pesos. Televisa has tried to revamp Sky, launching a new mobile service with AT&T in July which executives said would boost the unit's revenue in the coming years. Mexico's Megacable in December rejected an offer by Televisa to merge the companies' pay TV and broadband operations.

☆ Nearshoring represents 'a lifetime opportunity' to invest in Mexico, BofA says. How to play it
▼ + stars: | 2022-11-02 | by ( Fred Imbert | ) www.cnbc.com time to read: +5 min

This has already led to a manufacturing surge in Mexico and represents "a lifetime opportunity" to invest in Latin America's second-largest economy, according to Bank of America. "Nearshoring represents Mexico's best growth opportunity for the next 10 years and it is already occurring," Bank of America's Capistran said. The EWW is up 1.9% in 2022, easily outperforming the S & P 500. All five of those stocks are outperforming the S & P 500 this year, with FirstCash jumping nearly 30% and Sanmina popping 38%. PriceSmart and Ingredion are down 6.4% and 8.2%, respectively, in 2022, but that's still better than the S & P 500's 19% drop for the year.

☆ Televisa's ViX steaming platform to be profitable by end 2023 -executive
▼ + stars: | 2022-10-28 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Oct 28 (Reuters) - Grupo Televisa (TLEVISACPO.MX), Mexico's largest broadcaster, expects its ViX streaming service to be profitable by the end of 2023, Chief Executive Alfonso de Angoitia said Friday. TelevisaUnivision, a joint venture with U.S. broadcaster Univision, earlier this year launched the Spanish-language streaming service ViX, which will compete with established rivals like Netflix Inc (NFLX.O) and Amazon.com Inc's Prime Video (AMZN.O). De Angoitia said about 50% of the subscribers for ViX+, the paid version of the platform, were coming from the ad-based version of the service through the app shared by both. The company posted on Thursday a net profit of 1.118 billion pesos ($55.6 million), a 47% increase from a year earlier. Those businesses accounted for about 7.4% of consolidated revenue and about 3.4% of earnings before interest, taxes, depreciation and amortization (EBITDA), executives said.

MEXICO CITY, Oct 18 (Reuters) - Mexican broadcaster Grupo Televisa's (TLEVISACPO.MX) satellite television unit SKY has launched new mobile phone services using AT&T's network, the company said Tuesday, in a bid to expand product offerings to its clients. Customers who sign up for the mobile services, rolled out Monday and only available to SKY clients, will get an upgrade in their SKY content offerings, said Chief Executive Luis Malvido. Register now for FREE unlimited access to Reuters.com RegisterAT&T deployed 5G services in Mexico City in December 2021, and has since expanded to some other cities across the country. It competes with major player America Movil (AMXL.MX), which is rolling out its own 5G network in Mexico this year, poised to become the largest 5G commercial network in Latin America, according to regulators. The new mobile services, first announced in July as part of a revamp of SKY, are geared to attract families seeking to open multiple lines per household.

Search resuls for: "Grupo Televisa"

8 mentions found