Previous close | 2.9400 |
Open | 2.9200 |
Bid | 2.9700 x 3200 |
Ask | 3.5300 x 4000 |
Day's range | 2.8400 - 2.9900 |
52-week range | 2.1000 - 5.4100 |
Volume | |
Avg. volume | 1,540,701 |
Market cap | 1.735B |
Beta (5Y monthly) | 1.27 |
PE ratio (TTM) | N/A |
EPS (TTM) | -1.0200 |
Earnings date | N/A |
Forward dividend & yield | 0.10 (3.38%) |
Ex-dividend date | 26 May 2023 |
1y target est | 4.99 |
Mexico's largest broadcaster Televisa reversed losses in the first quarter, it said on Thursday, swinging to a profit after reducing financial expenses by nearly 50%. Net profit reached 951.8 million Mexican pesos ($57.6 million) in the January to March period, from the 788.9 million peso loss in the same quarter in 2023, according to a filing to Mexico's stock exchange. The company credited the profit in large part to cutting financial expenses by 1.02 billion pesos, a 47.4% drop from the 2.15 billion pesos in financial expenses reported in the first quarter last year.
MEXICO CITY (Reuters) -Mexican broadcaster Televisa said on Wednesday it reached an agreement with AT&T for its stake in satellite TV unit Sky Mexico, giving Televisa full control of the firm. In a filing, Televisa said the payout would happen over 2027 and 2028, but it did not provide the cost of the deal. It said the current head of its cable TV and internet service Izzi, Francisco Valim, would also lead Sky.
Ratings agency Moody's downgraded Mexican broadcaster Televisa's rating to Baa3 from Baa2, while maintaining its outlook stable, it said in a statement on Friday. The downgrade was mainly driven by forecasts predicting Televisa's leverage should remain high in 2024, and expected pressure on margins due to operational challenges such as a decline in its DTH (Direct-To-Home) business, Sky, and a competitive Mexican market. Nonetheless, Moody's maintained a stable outlook on the firm based on the view Televisa will successfully implement its strategic plan and maintain growth, the statement said.