Earnings Report /
Mexico

Megacable Holdings: MEGA, Quarterly Report 2Q21: Advance in subscribers stood out. We raised to Buy

  • Mega posted positive figures aligned to estimates. Highlights include subscriber growth and improved ARPU performance

  • We upgrade our recommendation to BUY, given the potential return and an attractive valuation (FV/EBITDA of 5.6x)

  • Mega will continue to gain momentum, driven by GPON network, XView+ expansion and the Corporate segment recovery

Marissa Garza Ostos
Marissa Garza Ostos

Head of Equity Research

Eridani Ruibal Ortega
Eridani Ruibal Ortega

Jr Equity Research Analyst

Banorte
23 July 2021
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