"Morgan Stanley raised its price target for Grupo Televisa (NYSE:TV) to $29 from $23 and maintained its overweight rating on the stock.
The bank sees 2010 EPS of $1.12 and 2011 EPS of $1.37.
Grupo Televisa S.A. is the largest media company in the Spanish-speaking world, and a major player in the international entertainment business. It has interests in television production and broadcasting, programming, direct-to-home satellite services, publishing and publishing distribution, cable television, radio production, show business, feature film and internet portal.
Grupo Televisa has a potential upside of 5.5% based on a current price of $24.37 and an average consensus analyst price target of $25.70.
Grupo Televisa is currently above its 50-day moving average (MA) of $22.48 and above its 200-day of $20.11.
In the last five trading sessions, the 50-day MA has climbed 2.65% while the 200-day MA has risen 0.63%."