TV
Grupo Televisa Shs Sponsored American Deposit Receipt Repr 5 Shs
TMT
06/29/2015
Presented
| Date | 06/24/2015 |
| Price | $39.71 |
| Market Cap | N/A |
| Ent Value | $117.97B |
| P/E Ratio | N/A |
| Book Value | $27.24 |
| Div Yield | 0.3% |
| Shares O/S | 2.87M |
| Ave Daily Vol | 1,450,000 |
| Short Int | N/A |
Current
| Price | $2.20 |
| Market Cap | $1.10B |
| Grupo Televisa, S.A.B. operates as a media company in the Spanish-speaking world. The company operates through four segments: Content, Sky, Telecommunications, and Other Businesses. The Content segment is involved in the production of television programming and nationwide broadcasting of Channels 2, 4, 5, and 9; the sale of advertising time on programs; and the production of television programming and broadcasting for local television stations in Mexico and the United States. This segment also provides programming services for cable and pay-per-view television companies in Mexico, other countries in Latin America, the United States, and Europe; and is involved in the international licensing of television programming, as well as Internet activities. The Sky segment offers direct-to-home broadcast satellite pay television services comprising program, installation, and equipment rental services to subscribers in Mexico, Central America, and the Dominican Republic. The Telecommunications segment operates telecommunication system, telecommunication facilities, and telecommunication networks. It also provides basic and premium television subscription, pay-per-view, installation, Internet subscription, telephone, and advertising services, as well as local and national advertising sales. This segment offers data and long-distance services solutions to carriers and other telecommunications service providers through its fiber-optic network. The Other Businesses segment operates in sports and show business promotion, soccer, feature film production and distribution, gaming, radio, publishing, and publishing distribution businesses. Grupo Televisa, S.A.B. was founded in 1990 and is based in Mexico City, Mexico. |
Publicly traded companies mentioned herein: DIRECTV (DTV), Grupo Televisa SAB (TV)
Highlights
The presenter is long shares of Grupo Televisa (TV), the largest media conglomerate in Mexico. Given TV’s size and scale, and the US revenue opportunity through its stake in Univision, he sees the potential to hold the position for at least the next 24 months. The hispanic demographic (18% of the population) is among the fastest growing in the US, and Univision is “must have” in any cable package. Depending on how a number of catalysts ultimately play out, including potential capital structure changes, improvement in carriage rates, and content monetization, upside should be to at least the $50 - $55 range.
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