Vivendi Shareholder Seeks to Delay Vote on Split Plan
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 28 2024
0mins
Source: WSJ
Shareholder Action: CIAM, a minority shareholder in Vivendi, has filed an interim injunction to delay an upcoming shareholders' meeting regarding the company's proposed break-up into four separate businesses.
Concerns Over Minority Rights: CIAM argues that the split undermines the rights of minority shareholders and plans to vote against the proposed spinoffs of Canal+, Havas, and Louis Hachette Group.
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.
