Scotia Capital Maintains Sector Perform on Grupo Televisa S.A.

Scotia Capital is out with its report on Grupo Televisa S.A. TV, maintaining Sector Perform. In a note to clients, Scotia Capital writes, "We maintain our 2-SP rating on Televisa following the announcement of its investment in Iusacell despite concerns related to control of the wireless venture. Near term, shares are likely to remain under pressure given the uncertainty around this investment. For longer-term investors, Televisa's move to add a wireless offering is a key strategic decision." Shares of TV closed Tuesday at $24.29.