Televisa Drops From Record High as Citigroup Cuts Stock to Hold
This article is for subscribers only.
Grupo Televisa SAB, Mexico’s largest television broadcaster, fell from a record high after Citigroup Inc. lowered the stock to the equivalent of hold on concern revenue growth will slow.
Shares fell 1.2 percent to 90.10 pesos at 10:15 a.m. in Mexico City in the worst performance on the benchmark IPC index after construction company Empresas ICA SAB. The stock rallied yesterday to a record high 91.15 pesos.