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.
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