|Bid||0.00 x 2200|
|Ask||0.00 x 4000|
|Day's Range||5.39 - 5.58|
|52 Week Range||5.02 - 11.90|
|Beta (5Y Monthly)||0.88|
|PE Ratio (TTM)||8.09|
|Forward Dividend & Yield||0.09 (1.71%)|
|Ex-Dividend Date||May 26, 2022|
|1y Target Est||10.92|
Mexican companies are spinning off sports, gambling and cell-tower businesses in a bid to revive depressed stock prices, with more such deals likely in the coming months. Mexican telecommunications giant America Movil kicked off the trend late last year when its shareholders approved the spinoff of its cell tower business. Conglomerate Alfa did the same, with its investors approving a plan in July to distribute its stake in subsidiary Axtel to existing Alfa shareholders.
Mexican broadcaster Televisa's phone and internet service provider, Izzi, has partnered with AT&T Inc to roll out a set of low-cost mobile phone plans across the country, Izzi said on Thursday. The packages will be available to Izzi's 6.5 million clients but are not replacing existing plans, a spokesperson said, and include unlimited calls, including to the United States and Canada, as well as texts and social media access. The plans with AT&T expand Izzi's coverage and are compatible with all recent smartphones, the spokesperson said, while some phones were not covered under previous Izzi plans.
Grupo Televisa , Mexico's largest broadcaster, said a spin-off of its sports and gaming operations will enable it to consolidate itself as a telecoms and cable company, executives said Friday. The company announced in its earnings report a day earlier that its board approved a plan to spin off some of its businesses, including its Club America soccer team, the iconic Azteca stadium in Mexico City and gaming operations. Those businesses accounted for about 7.4% of consolidated revenue and about 3.4% of earnings before interest, taxes, depreciation and amortization (EBITDA), executives said in a call with investors Friday, adding that the spin-off would imply a reduction in corporate expenses.