Grupo Televisa SAB (ADR) (TV) is Downgraded by Citigroup to Sell

Grupo Televisa SAB (ADR) (TV) was Downgraded by Citigroup to ” Sell”. Earlier the firm had a rating of “Buy ” on the company shares. Citigroup advised their investors in a research report released on May 9, 2016.

Many Wall Street Analysts have commented on Grupo Televisa SAB (ADR). Grupo Televisa SAB (ADR) was Downgraded by JP Morgan to ” Neutral” on Mar 30, 2016. Grupo Televisa SAB (ADR) was Resumed by Credit Suisse to “Neutral” on Feb 19, 2016.

Grupo Televisa SAB (ADR) closed down -0.2 points or -0.72% at $27.6 with 24,51,710 shares getting traded on Friday. Post opening the session at $27, the shares hit an intraday low of $26.99 and an intraday high of $27.71 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Grupo Televisa S.A.B. is a media company in the international entertainment business. The Company operates in four business segments: Content Sky Telecommunications and Other Businesses. It operates four broadcast channels in Mexico City and has affiliated stations throughout the country. It produces pay-television channels with national and international feeds throughout Latin America the United States Canada Europe and Asia Pacific. It exports its programs and formats to television networks around the world. It is also a Spanish-language magazine publisher. Its pay-television channels include three music six movie seven variety and entertainment channels and two sports channels. Its programs include telenovelas newscasts situation comedies game shows reality shows children’s programs comedy and variety programs musical and cultural events movies and educational programming. Its programming also includes broadcasts of special events and sports events in Mexico.

Grupo Televisa SAB (ADR)

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Grupo Televisa SAB (ADR) - Is it time to Sell?

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