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Upgrade Alert for Grupo Televisa (TV)

By James Quinn

Grupo Televisa (NYSE:TV) was upgraded from Hold to Buy at Evercore ISI today. The stock closed yesterday at $24.70 on volume of 2.1 million shares, above average daily volume of 1.6 million.

Potential upside of 20.2% exists for Grupo Televisa, based on a current level of $24.70 and analysts' average consensus price target of $29.69. The stock should run into initial resistance at its 50-day moving average (MA) of $27.04 and subsequent resistance at its 200-day MA of $28.04.

Over the past year, Grupo Televisa has traded in a range of $23.25 to $40.05 and closed yesterday at $24.70, 6% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 0.9%.

Grupo Televisa S.A. is the largest media company in the Spanish-speaking world, and a major player in the international entertainment business. It has interests in television production and broadcasting, programming, direct-to-home satellite services, publishing and publishing distribution, cable television, radio production, show business, feature film and internet portal.

SmarTrend is tracking the current trend status for Grupo Televisa and will alert subscribers who have TV in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades grupo televisa

Ticker(s): TV