We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Telefonica Brasil SA | BOV:VIVT3 | Bovespa | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.14 | -0.30% | 46.36 | 46.36 | 46.37 | 46.66 | 46.02 | 46.31 | 900,000 | 18:02:16 |
From May 2023 to May 2024
By Jeffrey T. Lewis
SÃO PAULO--Telefonica Brasil's shares rose 2.4% after Brazil's telecoms regulator approved a proposed capital reduction.
Shares of Vivo, as the company is known, reached 44.31 reais, the equivalent of $9.14, and were up 13% from the end of last year through Friday's close. Brazil's benchmark Ibovespa stocks index was up 0.4% in midday trading.
The capital reduction of up to BRL5 billion, approved earlier this year by the company's board of directors, is a great mechanism for Vivo to boost shareholder remuneration, analysts at BTG Pactual said in a research note.
If shareholders approve the reduction, a creditor opposition period of 60 days begins, and after that the company can decide when and how payments to shareholders will be made, the analysts said.
Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com
(END) Dow Jones Newswires
September 18, 2023 11:06 ET (15:06 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
1 Year TELEF BRASIL ON Chart |
1 Month TELEF BRASIL ON Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
