TV.us, the stock of Mexico-based Televisa, experienced a notable decline of 5.12%. The stock is currently priced at $2.32, with a trading volume of approximately 542,649 shares and a turnover rate of 0.10%. The price fluctuation reached 3.69%.
Recent financial reports reveal earnings of $911 million, a net loss of $1.48 million, and earnings per share of $0.00. The company reported a gross profit of $302 million and holds a price-to-earnings ratio of 0.14. Of the 11 institutions providing ratings, 45% recommend buying, while 55% suggest holding, with no recommendations to sell.
Within the telecommunications sector, which saw an overall increase of 0.87%, related stocks like Sify Technologies Limited, Gogo Inc., and Crexendo, Inc. showed significant gains. These stocks were also actively traded, with turnover rates for Sify Technologies Limited, Gogo Inc., and Crexendo, Inc. at 1.45%, 1.13%, and 1.09%, respectively. Their price fluctuations were notable, with Sify Technologies Limited at 21.30%, Gogo Inc. at 12.35%, and Crexendo, Inc. at 11.56%.
Televisa is a major telecommunications company in Mexico, operating through its cable subsidiary Izzi, serving nearly 20 million households and providing broadband to 6 million customers. It is also a leading pay-TV provider with 4 million customers and holds a significant stake in Sky Mexico, the only satellite TV provider in the country with around 5 million users. Televisa recently acquired AT&T's minority stake in Sky. After integrating its traditional media businesses into Univision, Televisa now owns 45% of TelevisaUnivision. Earlier this year, the company divested several smaller units, including magazine publishing, three professional soccer teams in Mexico, and the Azteca Stadium, now operated under the name Ollamani.
