Grupo Televisa SAB ADR

TV: XNYS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
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Televisa Earnings: Relentless Competition Continues to Weigh on Results

Televisa posted ugly fourth-quarter results. After a year of small gains, the firm lost 85,000 net broadband customers during the quarter. With continued heavy customer losses at Sky, total revenue declined 7% year over year. On the positive side, cost-cutting has helped preserve margins.

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