Grupo Televisa, S.A.B. (NYSE:TV) is one of Goldman Sachs’ top penny stock picks. On February 10, Benchmark reaffirmed its Buy rating and $10 price target for Grupo Televisa, S.A.B. (NYSE:TV) ahead of its earnings report. The company is set to release fourth-quarter 2025 results on February 19, with TelevisaUnivision’s joint venture results due a day earlier.
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Benchmark expects results to be mostly in line with last year, possibly slightly down or flat, but remains optimistic about stronger performance in 2026. The firm pointed to Mexico’s stable exports, strong peso, and easing tariff concerns as supportive factors.
Looking ahead, the firm believes Mexico’s growing role in nearshoring, along with competitive manufacturing and transportation costs, could boost investor interest in Mexican equities next year.
The research firm maintains a positive outlook on the stock, impressed by operational progress around the company and its TelevisaUnivision joint venture. It also expects the company to benefit from and capitalize on Mexico’s favorable economic fundamentals, especially in export growth and peso stability. Mexican exports to the US have been rising as the country benefits from lower tariff rates than those on Chinese exports.
The company is already closing in on a deal to acquire AT&T’s Mexican unit through its telecoms arms. Media reports indicate negotiations are in the final stages. A deal will allow Grupo Televisa SA to merge AT&T Mexico’s 24 million mobile customers with its 20 million fixed customers served by Izzi.
“Grupo Televisa and the Cerberus fund are indeed participating in a purchase agreement with AT&T,” said a source close to the government. “They have spoken with several companies, and talks with AT&T are ongoing; it may or may not go through, anything is possible these days,” said another source closely following the case.
Grupo Televisa, S.A.B. (NYSE:TV) is the largest telecommunications and media corporation operating mainly in Mexico. It provides cable and broadband (Izzi), satellite TV (Sky), and owns a large stake in TelevisaUnivision, which distributes content globally.
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Disclosure: None. This article is originally published at Insider Monkey.