Mexico’s largest broadcaster, Grupo Televisa SAB (ADR) (NYSE:TV), is studying the impact of the regulatory decision that requires it to offer the company’s over-the-air signals to various satellite & cable companies, free of cost. Grupo Televisa SAB (ADR) (NYSE:TV) needs to check what the full text of this ruling that was recently announced, will mean. It will have to analyze the entire document and also decide upon its further plan of action said a company official. The Federal Telecommunications Institute, said that it plans on publishing this decision in the country’s national gazette in the forth coming weeks. Grupo Televisa SAB (ADR) (NYSE:TV) stock opened at $29.75 in last session, and closed at $31.36, while the day range of TV stock is $29.75-$31.36.The stock showed a positive weekly performance of 9.15%.
News Corp. (NASDAQ:NWSA)‘s stock had its “equal weight” rating reaffirmed by Morgan Stanley in a research note issued on Friday, American Banking News.com reports. They currently have a $16.00 price objective on the stock. Morgan Stanley’s price target would indicate a potential downside of 8.62% from the stock’s previous close. News Corp (NASDAQ:NWSA) stock opened at $18.20, in last session and closed at $18.40, by gained 1.55%. The 52 week range was $14.39-$18.41.Company’s market capitalization is $10.63 Billion.
LIN Media (NYSE:LIN) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its notable return on equity, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and weak operating cash flow. LIN MEDIA LLC (NYSE:LIN) Finished the last session at $22.73. The EPS of the stock remained 2.84. Company’s market capitalization is $769.24 million.
Gray Television (NYSE:GTN) was upgraded by stock analysts at Wells Fargo & Co. to an “outperform” rating in a report issued on Wednesday, American Banking and Market News reports. Gray Television, Inc. (NYSE:GTN) stock opened the session at $11.58, and closed the session at $12.20.The 52 week range of the GTN stock remained $4.13-$15,17 and the day range was $11.57-$12.44.