Telefonica Brasil SA ADR
VIV: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$99.00 | Ymwc | Kxhdpnsy |
Vivo Earnings: Revenue Growth and Margin Expansion Remain Impressive
Telefonica Brasil (Vivo) delivered solid fourth-quarter results as wireless market consolidation and the strength of the firm's assets drove revenue growth and margin expansion. We believe Vivo remains well positioned in Brazil's telecom market. After updating our model, we are increasing our fair value estimate to $14 per ADR from $13.