Telefonica Brasil SA ADR

VIV: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$54.00	Gzxqg	Jsxzpwm

Vivo Earnings: Continued Pricing Discipline Drives Solid Wireless Growth

Michael Hodel

Jun 17, 2024

Telefonica Brasil, known as Vivo, continues to deliver solid results as it roughly maintains wireless market share while increasing revenue per customer and expanding its broadband business in a highly competitive market. Our fair value estimate remains $14 per ADR, and we believe the shares are attractive.

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