Telefonica Brasil SA ADR
VIV: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| cH | LOCK|$# | LOCK|k!!zmpG |
Vivo Earnings: A Solid Wireless Quarter Amid a Tough Broadband Competitive Environment
Telefonica Brasil, or Vivo, delivered solid third-quarter results, with revenue growing 7.1% year over year. Cost control efforts overcame a one-time benefit to bad debt expense a year ago and growth in low-margin value-added services, like music streaming, to hold EBITDA margins stable at 42%.
