Bloomberg News

Televisa Advances After Banks Add It to Favored Lists

October 01, 2008

Grupo Televisa SAB (TLEVICPO), the largest Mexican broadcaster, rose to the highest in three weeks in Mexico City trading after Deutsche Bank AG and UBS AG both added the company to their list of favored stocks.

Mexico City-based Televisa rose 2.7 percent to 48.55 pesos, the highest since Sept. 11. The shares have fallen 6.8 percent this year, while the Bolsa index has dropped 15 percent.

Televisa was added to Deutsche Bank's ``top stock ideas'' for Latin America, citing its ``resilient operations during the current economic slowdown.'' The company may also resolve its programming agreement dispute with Univision Communications Inc., Deutsche Bank said in a research note today.

Separately, Televisa was added to UBS's list of five top Mexican stocks, citing ``expectations of a solid'' third-quarter financial report.

To contact the reporter on this story: William Freebairn in Mexico City at wfreebairn@bloomberg.net;

To contact the editor responsible for this story: Chris Nagi at chrisnagi@bloomberg.net


Burger King's Young Buns
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus