2024-02-25 06:50:19 ET
Summary
- Telefônica Brasil has been upgraded from a buy to a strong buy following strong Q4 earnings and robust financial improvements in 2023.
- Accelerated organic growth in mobile and fixed services and a commitment to shareholder returns drove the upgrade.
- Expectations for increased profits, double-digit shareholder yield, and fair valuation make Telefonica Brasil an attractive income stock for investors.
In this quarterly update to my investment thesis on Telefônica Brasil ( VIV ), I'm upgrading my recommendation from buy to strong buy after the company reported solid results in the fourth quarter, culminating in a robust improvement in its financial position throughout 2023....
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For further details see:
Telefonica Brasil's Q4 Earnings: Strong Buy For Income Investors