Bloomberg News

Mexico Stocks: Grupo Televisa Advance, TV Azteca Drops

February 17, 2012

Feb. 17 (Bloomberg) -- The following companies had unusual price changes in Mexico trading. Stock symbols are in parentheses and prices are as of the close of trading.

The IPC index fell 0.8 percent to 37,914.70.

Grupo Televisa SAB (TLEVICPO MM), the world’s largest Spanish-language broadcaster, advanced 2 percent to 54.20 pesos after Executive Vice President Alfonso de Angoitia said Televisa’s content business, which includes advertising, cable network subscriptions and syndication, will expand 6 percent to 7 percent this year on a conference call today.

TV Azteca SAB (AZTECACP MM), Mexico’s second-largest broadcast television network, fell 2.2 percent to 8.42 pesos. TV Azteca’s 2012 sales will grow in the mid-single digit percentage points, Bruno Rangel, executive director of investor relations, said today in a conference call, falling short of the average estimate for a 9.5 percent increase from six analysts, according to data compiled by Bloomberg.

--Editors: Glenn J. Kalinoski, Jonathan Roeder

To contact the reporter on this story: Christine Jenkins in New York at cjenkins28@bloomberg.net;

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


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