Mexico Stocks: Grupo Televisa Advance, TV Azteca Drops

The following companies had unusual price changes in Mexico trading. Stock symbols are in parentheses and prices are as of the close of trading.

The IPC index fell 0.8 percent to 37,914.70.

Grupo Televisa SAB (TLEVICPO) , the world’s largest Spanish-language broadcaster, advanced 2 percent to 54.20 pesos after Executive Vice President Alfonso de Angoitia said Televisa’s content business, which includes advertising, cable network subscriptions and syndication, will expand 6 percent to 7 percent this year on a conference call today.

TV Azteca SAB (AZTECACP) (AZTECACP MM), Mexico’s second-largest broadcast television network, fell 2.2 percent to 8.42 pesos. TV Azteca’s 2012 sales will grow in the mid-single digit percentage points, Bruno Rangel, executive director of investor relations, said today in a conference call, falling short of the average estimate for a 9.5 percent increase from six analysts, according to data compiled by Bloomberg.

To contact the reporter on this story: Christine Jenkins in New York at;

To contact the editor responsible for this story: David Papadopoulos at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.