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Stock impact report

JPMorgan lowers Tim SA to Neutral after 'very strong performance', shares down [Yahoo! Finance]

Telefonica Brasil S.A. American Depositary Shares (Each representing One Common Share) (VIV) 
US:NYSE Investor Relations: telefonica.com.br/ir
Company Research Source: Yahoo! Finance
strong performance,” saying the stock has already priced in much of the improvement seen across Brazil's mobile market. The bank still views the competitive backdrop as healthy but prefers to wait for a more attractive entry point given the recent rally. Tim's U.S.-listed shares slipped 1.4% in premarket trading Thursday. Tim stock has delivered total returns of 68% over the past year and 130% over three years, far ahead of peers Vivo (Telefonica Brasil) (BVMF:VIVT3) and Ibovespa index. According to JPMorgan analysts, the stock is now trading near its updated R$26 price target, limiting prospective gains even when factoring in expected dividends. “Even with expected dividends, [shaes] do not offer more than 15% potential upside, by our estimates,” analyst Marcelo Santos noted. He continues to favor the broader Brazilian mobile segment, highlighting a rational pricing environment and limited pressure from new entrants such as ISPs and MVNOs. Santos also points to early signs Show less Read more
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