Latest news for Megacable Holdings (OTC:MHSDF) Stock

Megacable Holdings SAB de CV is a diversified media company with interests in cable television services. The company has several business segments, including Cable Network, Internet, Telephone, Business, and other. The Cable Network segment distributes television broadcasting programs. The Internet segment provides Internet subscription services to corporate clients and individual customers. The Telephone segment provides fixed-line communications services. The Business segment provides IT services to enterprise clients, and the Other business segment provides advertising services. Megacable Holdings SAB de CV generates the majority of its revenue in Mexico.

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MHSDF

JPMorgan Downgrades Televisa To Neutral, Still Prefers Stock Over America Movil

MEGACABLE HLDGS SAB ORD by Megacable Holdings SAB DE CV

Megacable Holdings SAB de CV

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Megacable Holdings

JPMorgan has downgraded Grupo Televisa SAB (ADR) (NYSE: <a class="ticker" href="/stock/tv#NYSE">TV</a>) to Neutral from Overweight, saying that content EBITDA could decline again in 2016 given higher costs.
"Content EBITDA (of Televisa) should contract 6 percent y/y on incremental costs on the new over-the-top (OTT) service Blim, offsetting possible improvements in advertisement revenues as signaled by presales (-1.5 percent for 2016, vs -11.5 percent for 2015) and strong growth plus favorable regulation on cable/DTH," analyst Andre Baggio wrote in a note to clients.
Baggio said, "Higher content spending should be a 5pp drag to segment margins." However, the analyst added that ad revenues should stabilize in 2016 after the 10 percent decline in 2015 "due to a change in pricing model aimed at better monetizing TV's content, which caused significant volume declines, partially offset by up to 20 percent price increases."
<bzrelatedlink>Related Link: <a href="http://www.benzinga.com/trading-ideas/long-ideas/16/03/7773618/a-high-dividend-avenue-to-emerging-markets-stocks">A High Dividend Avenue To Emerging Markets Stocks</a></bzrelatedlink>
<h3>JPMorgan's Favorites</h3>
Despite the downgrade, JPMorgan continues to prefer Televisa over America Movil SAB de CV (ADR) (NYSE: <a class="ticker" href="/stock/amx#NYSE">AMX</a>), given a more favorable regulatory environment.
"We expect cable to continue to gain share from AMX in broadband, due to superior offers at competitive prices. Also, DTH and cable should benefit from the analog switch-off, which is boosting demand," Baggio highlighted.
Baggio cut the price target of Televisa to $30 from $31, while the stock closed Tuesday's trading at $28.15.

The brokerage's top pick in Mexico remains the overweight-rated Megacable Holdings (MEGACABLE HOLDINGS PTG SHS COMP 2 ORD'A'SHS (OTC: <a class="ticker" href="/stock/mhsdf#OTC">MHSDF</a>)), while it rates America Movil at Neutral.
Image Credit: <a href="https://pixabay.com/en/football-lawn-crown-game-stadium-525794/">Public Domain</a>

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Wednesday, March 30, 2016

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