Key Highlights
- (NYSE:TV), boosting its price target from $2.60 to $3.30.
- The rise comes after BofA included third-quarter results into its predictions, noting Televisa’s enhanced cash generation, which is projected to provide a 5% FCF to the company by 2026.
- Despite the strong cash flow outlook, BofA identified a number of execution risks for Grupo Televisa, S. A. B.
- (NYSE:TV), including diminishing Sky user numbers and competition challenges that limit broadband price hikes.
- Moreover, BofA highlighted the possible advantages of TelevisaUnivision, which is 45% owned by Televisa, pointing to the VIX streaming service’s impressive initial growth, which accounted for almost 20% of revenues in 2024 and has already turned profitable.
