UPDATE 1-Mexican broadcaster Televisa reports 1st-quarter net loss, cites currency effect [Reuters]
Grupo Televisa S.A.B. (TV)
US:NYSE Investor Relations:
televisair.com
Company Research
Source: Reuters
UPDATE 1-Mexican broadcaster Televisa reports 1st-quarter net loss, cites currency effect (Adds details from statement) MEXICO CITY, April 27 (Reuters) - Grupo Televisa , Mexico’s largest broadcaster, reported on Monday a first-quarter net loss of 9.65 billion pesos ($405.6 million), which the company attributed to the depreciation of the Mexican peso. The Mexican peso has sunk to record lows amid concerns over the economic impact of the coronavirus outbreak. Televisa, which reported a net profit of 542 million pesos for the same period last year, said the loss also reflected changes in the book value of its stake in U.S. Spanish-language peer Univision. The broadcaster said it would trim capital expenditures to between $750 million and $800 million. That’s down from the $890 million that co-Chief Executive Alfonso de Angoitia in February had said the company would spend on capex over the course of the year. The company also reported that advertising sales declined 28.4% as some clien
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News
- Grupo Televisa, S.A.B. (NYSE: TV) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Grupo Televisa, S.A.B. (NYSE: TV) had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $2.90 to $2.50. They now have a "buy" rating on the stock.MarketBeat
- Grupo Televisa, S.A.B. (NYSE: TV) was downgraded by analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating.MarketBeat
- Grupo Televisa reports Q3 results [Seeking Alpha]Seeking Alpha
- Grupo Televisa, S.A.B. (NYSE: TV) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
TV
Sec Filings
- 10/30/24 - Form 6-K
- 10/29/24 - Form 6-K
- 10/25/24 - Form 6-K
- TV's page on the SEC website