12 Best NYSE Penny Stocks to Buy According to Analysts

2. Grupo Televisa, S.A.B. (NYSE:TV)

Price as of March 7: $2.04

Analysts upside potential as of March 7: 243.14%

Number of Hedge Fund Holders In Q4 2024: 11

Grupo Televisa, S.A.B. (NYSE:TV) is a media giant headquartered in Mexico. It operates television networks, cable systems, and satellite services. The company’s business is structured around two main segments: Cable (including MSO and Enterprise operations) and Sky (direct-to-home satellite television).

Grupo Televisa, S.A.B. (NYSE:TV) had a challenging past year (2024), but the latest financial report indicates that it weathered the storm. In the third quarter, the company reported a 28% year-over-year growth in operating cash flow, reaching MXN 14.3 billion ($721.435 million). The Cable segment was particularly strong operationally—it reached 19.9 million homes after adding 86,000 fiber-to-the-home (FTTH) connections in the quarter alone. Broadband subscribers also increased by 11,300. Nonetheless, the segment’s revenue fell by 3.9% due to a decline in Enterprise Operations revenue. Revenue also declined (by 13.2%) in the Sky segment. Nevertheless, net income for the quarter climbed to MXN 666.5 million ($33.63 million) compared to an MXN 918.5 million ($46.31 million) loss in the same quarter in the previous financial year.

And the company is taking the necessary steps to strengthen its financial position. For instance, it refinanced $2.1 billion of debt maturing in 2026 and reduced the net debt by approximately $400 million through asset sales and improved cash flow. Additionally, Grupo Televisa, S.A.B. (NYSE:TV) optimized capital expenditure, which reduced the 2024 CapEx to $493 million from an initial guidance of $793 million. This happened as the company continued to expand network coverage. Given the fundamentals, analysts believe that the company’s stock should trade at an upside of 243.14%, making it qualify for this list.