Court Ruling Favors Billionaire, Making Vivendi Takeover by Bollore Less Probable
Written by Emily J. Thompson, Senior Investment Analyst
Source: WSJ
- Court Ruling: A French court overturned a previous ruling that suggested Vincent Bollore's family had de facto control over Vivendi.
- Impact on Investors: The decision quashed investor hopes for a potential full takeover of the media group by Bollore following its four-way spinoff last year.
- Error in Lower Court: The highest court in France stated that a lower appeals court had made an error in its assessment of the family's control over Vivendi.
- Bollore Holding Company: The ruling specifically addressed the claims regarding the Bollore holding company's influence over Vivendi's operations.
Analyst Views on VIV
Wall Street analysts forecast VIV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VIV is 13.80 USD with a low forecast of 12.90 USD and a high forecast of 14.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
1 Buy
1 Hold
1 Sell
Hold
Current: 13.610
Low
12.90
Averages
13.80
High
14.50
Current: 13.610
Low
12.90
Averages
13.80
High
14.50
About VIV
Telefonica Brasil SA, formerly Telecomunicacoes de Sao Paulo SA TeleSP is a Brazil-based company active in the telecommunications sector. The Company’s main services include fixed-line, local and long-distance telephony; mobile telephony, including value-added services; data services, including fixed and mobile broadband, and pay television (TV), mainly Internet Protocol television (IPTV). Telefonica Brasil SA commercializes its services and solutions through the Vivo brand. The Company is a digital hub that facilitates its customers’ access to an array of services, such as entertainment, cybersecurity, finance, health, and education, in addition to providing fixed and mobile telecommunication services across Brazil. It also offers a complete and convergent portfolio for business-to-consumer (B2C) and business-to-business (B2B) clients.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
