Mexico's Televisa up 5 percent after Citi rates it 'buy'

Wed Aug 6, 2008 7:25pm BST
 
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MEXICO CITY, Aug 6 (Reuters) - Shares of Mexican broadcaster Televisa jumped 5.3 percent on Wednesday after Citigroup started coverage of the stock with a "buy" rating, noting the firm's growth potential from its pay TV business.

Its Mexican shares (TLVACPO.MX) climbed 2.38 centavos to 47.26 pesos while its New York traded stock (TV.N) gained 5.73 percent to $23.82.

(Reporting by Michael O'Boyle, editing by Phil Berlowitz)

((michael.oboyle@thomsonreuters.com; +5255-5282-7153; Reuters Messaging: michael.oboyle.reuters.com@reuters.net)) Keywords: TELEVISA/

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