VIV

ETF Target Price Analysis: The First Trust NASDAQ Technology Dividend Index Fund ETF (TDIV) has an implied analyst target price of $92.34 per unit, indicating a potential upside of 21.28% from its current trading price of $76.14.

Individual Holdings Performance: Notable underlying holdings such as Turkcell Iletisim Hizmetleri AS, Rogers Communications Inc, and Telefonica Brasil SA show significant upside potential based on analyst targets, with expected increases ranging from 22.60% to 49.53%.

Bollore's Profitability Decline: Bollore reported a decrease in profitability for fiscal 2024, leading to a decline in its share price.

Market Reaction: Shares dropped by 7% to 5.42 euros during early morning trading on Tuesday.

Financial Performance Overview: Vivendi reported a significant net loss of €6.004 billion for 2024, attributed to the deconsolidation of Canal+, Havas, and other entities, despite an adjusted net profit of €111 million and improvements in operational results from subsidiaries like Gameloft and Universal Music Group.

Corporate Changes and Future Plans: The company is focusing on optimizing investments post-spin-off, with plans for share buybacks and a proposed dividend of €0.04 per share, while also undergoing board changes ahead of the upcoming shareholders' meeting.

Vivendi's 2024 Financial Results: Vivendi reported a significant loss of €6 billion in earnings attributable to shareholders for 2024, largely due to the spin-off of Canal+, Havas, and Louis Hachette Group, which was completed on December 13, 2024. The company's revenues decreased by 4.9% compared to 2023, while Gameloft showed improvements in EBITA.

Future Outlook and Shareholder Actions: Despite the financial challenges, Vivendi remains optimistic about creating value from its spin-off operations and plans to propose a dividend of €0.04 per share at the upcoming General Shareholders’ Meeting. The company is also focused on managing its investments dynamically and supporting Gameloft's transformation into a multi-platform game publisher.

Vivendi's Financial Performance: Vivendi reported a net loss of 6 billion euros ($6.47 billion) for 2024 following its four-way spinoff of core businesses last year.

Spinoff Details: The company, controlled by billionaire Vincent Bollore, separated its main operations into standalone entities, including Canal+ in London and Havas on Euronext Amsterdam.

Vivendi's Share Information: As of February 28, 2025, Vivendi has a total of 1,029,918,125 shares and 1,060,066,487 voting rights, with a net total of 1,021,959,856 voting rights after accounting for double voting rights and treasury shares.

Regulatory Compliance: Vivendi's statutes include a clause requiring additional reporting obligations for crossing ownership thresholds beyond legal requirements.

Analyst Upgrade: Barclays analyst Mathieu Robilliard upgraded Telefonica Brasil (VIV) to Overweight from Equal Weight, with a revised price target of $11.50, citing strong revenue and commercial dynamics expected to continue into 2025.

Market Health Confirmation: The Q4 results for Telefonica Brasil indicate that the Brazilian market remains "very healthy," reinforcing positive outlooks for the company's performance.

iHeartMedia Analysis: Analysts maintain a Hold rating on iHeartMedia with a current share price of $1.77 and an average price target of $3.00, indicating a potential upside of 51.5%.

Telefonica Brasil Outlook: Telefonica Brasil receives a Buy rating from Bank of America Securities with a price target of $12.00, while the consensus rating suggests a Moderate Buy with an average target of $8.47.

Annual Report Filing: Telefônica Brasil S.A. filed its 2024 Annual Report on Form 20-F with the U.S. SEC on February 27, 2025, detailing financial results for the fiscal year ending December 31, 2024.

Access to Financial Statements: The report is available on both the SEC and Telefônica's websites, and shareholders can request a free hard copy of the audited financial statements.

Annual Report Filing: Telefônica Brasil S.A. filed its 2024 Annual Report on Form 20-F with the U.S. SEC on February 27, 2025, detailing financial results for the fiscal year ending December 31, 2024.

Access to Financial Statements: The report is available on both the SEC and Telefônica's websites, and shareholders can request a free hard copy of the audited financial statements.

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Stock Performance Overview: VIV's stock has a 52-week low of $7.465 and a high of $11.43, with the last trade recorded at $8.61.

Market Analysis Note: The article mentions other dividend stocks that have recently fallen below their 200-day moving average, indicating potential market trends.

Financial Performance: Telefonica Brasil reported a Q4 GAAP EPS of R$1.08 and revenue of R$14.58 billion, reflecting a year-over-year growth of 7.7%.

Dividend Commitment: The company announced a shareholder remuneration of R$5,845 million for 2024, a 22.1% increase from 2023, and reaffirmed its commitment to distribute at least 100% of net income in 2025 and 2026.

Financial Performance: Telefônica Brasil reported a net income of R$5,548 million for 2024, reflecting a 10.3% year-over-year growth, driven by strong mobile and fixed service revenues, particularly in FTTH and corporate data services.

Investment and Shareholder Returns: The company maintained a capital expenditure of R$9,166 million, focusing on enhancing its 5G network and fiber operations, while also increasing shareholder remuneration by 22.1% to R$5,845 million, committing to distribute at least 100% of net income in the coming years.

Financial Performance: Telefônica Brasil reported a net income of R$5,548 million for 2024, reflecting a 10.3% year-over-year growth, driven by strong mobile and fixed service revenues, particularly in FTTH and corporate data services.

Investment and Shareholder Returns: The company maintained a capital expenditure of R$9,166 million, focusing on enhancing its 5G network and fiber operations, while also increasing shareholder remuneration by 22.1% to R$5,845 million, committing to distribute at least 100% of net income in the coming years.

ETF Target Price Analysis: The First Trust NASDAQ Technology Dividend Index Fund ETF (TDIV) has an implied analyst target price of $92.72 per unit, indicating a potential upside of 12.71% from its current trading price of $82.26.

Individual Stock Upside Potential: Notable underlying holdings such as Rogers Communications Inc, Sapiens International Corp NV, and Telefonica Brasil SA show significant upside potential based on analyst target prices, with increases expected of 39.41%, 22.77%, and 15.74% respectively.

Vivendi's Confirmation on PEA Tax Regime: Vivendi has confirmed that the tax regime for Canal+ shares held in a PEA (Plan d'Épargne en Actions) remains valid, despite Canal+'s listing on the London Stock Exchange, as long as certain conditions regarding CDI (CREST Depositary Interest) are met.

Shareholder Guidance: Shareholders are advised to consult their PEA account holders and tax advisors to ensure compliance with the tax regime, particularly concerning the eligibility of Canal+ shares versus CDIs, which could affect the benefits associated with their PEA accounts.

Stock Ratings Update: Validea's Price/Sales Investor model, based on Kenneth Fisher's strategy, has upgraded QuinStreet Inc. (QNST) from 40% to 60% and Telefonica Brasil SA (ADR) (VIV) from 58% to 80%, indicating increasing interest in both stocks due to their fundamentals and valuations.

Company Descriptions: QuinStreet specializes in performance marketplaces for financial and home services, while Telefonica Brasil offers a range of mobile and fixed telecommunications services in Brazil under the Vivo brand.

Vivendi's Share Information: As of January 31, 2025, Vivendi has a total of 1,029,918,125 shares and a gross total of voting rights amounting to 1,060,119,564, with a net total of 1,022,012,933 voting rights after accounting for shares without voting rights.

Regulatory Compliance: Vivendi's statutes include a clause requiring the declaration of crossing thresholds that goes beyond the legal requirements.

Universal Music Group's U.S. Offering: Universal Music Group plans to launch a U.S. offering of shares owned by Bill Ackman's Pershing Square, as Ackman advocates for the record label to list in the U.S.

Listing Agreement Details: An agreement allows Pershing Square to request a U.S. listing for Universal if it sells at least $500 million in stock during the offering.