Shares of Telefônica Brasil S.A. ( NYSE:VIV – Get Free Report ) gapped down before the market opened on Thursday . The stock had previously closed at $8.99, but opened at $8.71. Telefônica Brasil shares last traded at $8.76, with a volume of 63,652 shares trading hands. Analysts Set New Price Targets VIV has been the topic of several analyst reports. Barclays boosted their target price on Telefônica Brasil from $11.00 to $11.50 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. StockNews.com upgraded shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 14th. Finally, Scotiabank raised their price objective on shares of Telefônica Brasil from $9.20 to $10.40 and gave the company a “sector perform” rating in a research note on Friday, September 20th. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.97. View Our Latest Analysis on Telefônica Brasil Telefônica Brasil Price Performance Telefônica Brasil ( NYSE:VIV – Get Free Report ) last released its quarterly earnings data on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.03. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the previous year, the company earned $0.18 earnings per share. On average, equities research analysts anticipate that Telefônica Brasil S.A. will post 0.61 EPS for the current year. Hedge Funds Weigh In On Telefônica Brasil A number of institutional investors and hedge funds have recently modified their holdings of the company. Blue Trust Inc. grew its stake in shares of Telefônica Brasil by 2,821.8% during the 2nd quarter. Blue Trust Inc. now owns 3,214 shares of the Wireless communications provider’s stock valued at $26,000 after purchasing an additional 3,104 shares during the period. Arkfeld Wealth Strategies L.L.C. purchased a new position in shares of Telefônica Brasil in the second quarter worth approximately $85,000. QRG Capital Management Inc. bought a new stake in Telefônica Brasil during the second quarter valued at approximately $83,000. B. Riley Wealth Advisors Inc. bought a new stake in Telefônica Brasil during the first quarter valued at approximately $123,000. Finally, Aprio Wealth Management LLC purchased a new stake in Telefônica Brasil during the third quarter valued at approximately $134,000. 5.16% of the stock is currently owned by hedge funds and other institutional investors. Telefônica Brasil Company Profile ( Get Free Report ) Telefônica Brasil SA, together with its subsidiaries, operates as a mobile telecommunications company in Brazil. Its fixed line services portfolio includes local, domestic long-distance, and international long-distance calls; and mobile portfolio comprises voice and broadband internet access through 3G, 4G, 4.5G, and 5G, as well as mobile value-added and wireless roaming services. Featured Articles Receive News & Ratings for Telefônica Brasil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telefônica Brasil and related companies with MarketBeat.com's FREE daily email newsletter .Jensen Huang is undoubtedly one of the most talked about figures in the world of business as of now, owing to his company Nvidia's stellar rise in terms of market capitalization, demand and popularity, all at the same time. Nvidia under the leadership of Huang has attained a peak market capitalization, and had at one point, crossed Apple's market cap. Meanwhile, Huang is facing a few problems of his own, after having landed in a major controversy surrounding tax evasion allegations against him. ET Year-end Special Reads Take That: The gamechanger weapon's India acquired in 2024 10 big-bang policy moves Modi government made in 2024 How governments tried to rein in the social media beast Is Nvidia CEO evading taxes? Reports suggest that Huang has been evading nearly $8 billion in taxes using various legal tax strategies, which has now triggered a major controversy about how the ultra-rich abuse their legal expertise in evading the taxes they are supposed to pay to the government, while the middle-class bear the brunt of it all. How much has Huang saved by alleged tax evasion? From federal estate to gift taxes, Huang saved billions by using some major tricks and loopholes up his sleeve in order to not pay $8 billion, says an NYT report. A major amount of evasion also happened through an irrevocable trust Huang and his wife set up back in the year 2012, as per NYT, where they transferred Nvidia shares worth $7 million, which then increased in value to nearly $3 billion. This means that this massive surge cannot be traced back to Huang or his family members. There are other leading examples of how Huang, over the last few years using similar tips and tricks, that are like case studies for the world to see. FAQs: Has Nvidia seen profits this year? Yes, Nvidia has been profitable through the year, and its stock has surged by a whopping 193% in the year 2024 itself. 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Yes, after Nvidia's decision of introducing AI-reliant GPUs, it's stock has shot through the roof, and is now growing at a phenomenal pace. (You can now subscribe to our Economic Times WhatsApp channel )
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Son Heung-min, affectionately known as "Sonaldo" by fans, has been a key player for Tottenham Hotspur since his arrival in 2015. His speed, agility, and goal-scoring ability have made him a vital asset for the team, with his performances earning him numerous accolades and awards. However, in recent weeks, Son has faced criticism for a dip in form, with some questioning his commitment and effectiveness on the pitch.
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