Telefonica Brazil (VIV) Stock Soars 2.61% on IPNET Acquisition

Telefonica Brazil's (VIV) stock price surged 2.61% intraday, reaching its highest level since October 2024, marking a 1.36% increase over the past two days, with a cumulative gain of 2.43% over the same period.

One of the key factors influencing Telefonica Brazil's stock price is the change in its price-to-book (PB) ratio. As of April 28, 2025, the PB ratio stood at 1.28, reflecting a 5.80% decline from its 12-month average of 1.21. This decrease suggests a relative decline in valuation compared to its historical average, which could impact investor sentiment and contribute to fluctuations in the stock price.

Another significant factor is the acquisition of IPNET, a key Google services provider, which was completed in late 2024. This strategic move has the potential to enhance Telefonica Brazil's growth prospects and strengthen its market position within Brazil's telecom industry. The acquisition is expected to provide a 22.4% upside potential, further bolstering investor confidence in the company's future performance.