NEW YORK, Feb 26 (Reuters) - Shares of Mexican media company Grupo Televisa SAB could surge 20 percent in a year to $30 or more, according to Barron‘s.
In an article published Sunday, the U.S. business magazine cited a recent positive earnings report and Televisa’s “three ways to win” in the Mexican media market, including cable, satellite and broadcast television operations.
The stock traded around $26 as of Friday.
“Grupo Televisa’s U.S.-listed shares (ticker: TV)...look undervalued, having sat out the strong rally in most U.S. cable and media stocks in the past year,” Barron’s wrote.
Reporting by Lawrence Delevingne