7. Telefonica Brasil (VIV) is one of the largest telecommunication providers, with more than 264 million users in more than 25 countries. It provides fixed-line telecommunications services, international and interregional long-distance services, and multimedia communication services.
Of the 11 analysts covering the stock, 82% recommend a buy and 18% rate a hold. Analysts' average 12-month price target of $33.76 for the stock is 31.1% higher than the current price, according to a Bloomberg consensus.
For the third quarter of 2011, the company reported net service revenue at $8.03 billion, growing 5.6% from $7.60 billion in the same period the previous year. Net income increased 6.4% to $1.33 billion, vs. $1.25 billion in the equivalent quarter the prior year.During the quarter, the company saw record growth of 72.1% in net additions in the mobile segment, to 3 million, from the prior year's same quarter, and a growth of 50.4% from the second quarter. Mobile broadband accesses grew 44.8%, while fixed broadband accesses were up 13.2% from the year-earlier quarter. In November, VIV's board approved a repurchase of up to 2,912,734 ordinary shares. On Dec. 12, the company approved its own capital interest of $330 million total gross, a net value of 23 cents per ordinary and 25 cents per preferred share, payable by the end of 2012. The record date is Dec. 29, 2011 and the shares will be traded ex-interest as of Jan. 2, 2012. MasterCard and Telefonica have teamed up to offer mobile financial solutions for 65 million Vivo phone subscribers in Brazil. Telefonica Brazil -- backed by Spain's Telefonica -- and America Movil's local unit Telecom Americas (Claro) are expected to submit bids for 2500MHz spectrum to offer 4G services in the auctions for three separate wireless spectrums next year.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV