Just a couple of days ago, Standard & Poor revised Brazil's economic outlook from “Stable” to “Poor.” Brazilian stocks and currency are down by 7% and Brazil's growth has been stagnant, growing by just 0.6% in the first quarter.
Brazilian telecom carrier Telefonica Brasil SA VIV recently reported mixed financial results in the first quarter of 2017. First-quarter net income was approximately $316.9 million, down 18.2% year over year.
Wall Street await Telefonica Brasil SA (ADR) (NYSE:VIV) to release earnings on July, 26 before the open. Analysts forecast earnings per share of $0.23, up exactly $0.11 or 91.67 % from 2014's $0.12 EPS.
Intel Corporation (NASDAQ:INTC) traded at a yearly high level of $38.45 during the last trading session. The last session's volume of 18.30 million shares was lower than its average volume of 21.21 million shares.
MADRID--Spain's Telefonica SA TEF, +0.23% said Friday it had completed a 3.05 billion euros ($3.28 billion) rights issue to fund the acquisition of Brazilian broadband operator GVT from France's Vivendi SA (VIV.FR). The Madrid-based phone operator sold ...