Telefônica Brasil (VIV)

• Market cap: $13.1B
• 1 day: 1.26%
• 5 days: -1.47%
• 1 month: -10.57%
• 3 months: -19.60%
• 6 months: -1.83%
• Year to date: -24.58%
• 1 year: -25.56%
• 5 years: -42.53%
• 10 years: -54.37%

About: Telefonica Brasil, known as Vivo, is the largest wireless carrier in Brazil with 100 million customers, which is equal to about 39% market share. The firm is strongest in the postpaid business, where it has 65 million customers, or about 41% share of this market. Wireless services and equipment contribute about 70% of total revenue. Vivo is the incumbent fixed-line telephone operator in Sao Paulo state and, following the acquisition of GVT, the owner of an extensive fiber network across the country. The firm provides internet access to 7 million households on this network. The firm also sells pay-tv and phone services to its fixed-line customers. Finally, corporate data and IT services, including cloud computing support, contribute about 8% of total revenue.

Employees: 35,039

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

950% more call options, than puts

Call options by funds: $63K | Put options by funds: $6K

45% more repeat investments, than reductions

Existing positions increased: 71 | Existing positions reduced: 49

22% more capital invested

Capital invested by funds: $659M [Q2] → $802M (+$143M) [Q3]

0.03% less ownership

Funds ownership: 4.89% [Q2] → 4.86% (-0.03%) [Q3]

9% less funds holding

Funds holding: 182 [Q2] → 166 (-16) [Q3]

48% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 33

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $9.20 14% upside
• Avg. target: $10.50 31% upside
• High target: $11.80 47% upside

2 analyst ratings

• positive: 1 50%
• neutral: 1 50%
• negative: 0 0%

Goldman Sachs Diego Aragao 0% 1-year accuracy 0 / 1 met price target	14% upside $9.20	Buy Maintained	19 Dec 2024
Barclays Mathieu Robilliard 67% 1-year accuracy 2 / 3 met price target	47% upside $11.80	Equal-Weight Maintained	25 Nov 2024