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Telefonica Brasil ( (VIV) ) has issued an update.
Telefônica Brasil S.A. recently held its 167th Audit and Control Committee meeting, where a significant proposal was discussed. The company plans to cancel over 21 million shares held in treasury, a move that will not affect the capital stock. This action is part of their Buyback Program and awaits approval from the Board of Directors and shareholders. If approved, the company’s bylaws will be updated to reflect the new share count, potentially impacting the company’s capital structure and market performance.
More about Telefonica Brasil
YTD Price Performance: -25.24%
Average Trading Volume: 817,586
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $13.11B
For detailed information about VIV stock, go to TipRanks’ Stock Analysis page.
