Grupo Televisa SAB ADR

TV: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$4.00	Cnbk	Jrg

Televisa Earnings: Price Increases Should Lift Cable Growth in the Coming Quarters

Michael Hodel

Apr 27, 2023

Televisa’s first-quarter results didn’t deviate much from recent trends, and we’re leaving our fair value estimate at $10. We believe the stock is very attractive despite concerns around the Mexican broadband business, as we expect Televisa will make gradual progress in improving operations with the potential to buy or sell assets or merge with another entity to unlock value.

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