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While telephone companies are noted for being dividend paying stocks, surges in share prices are not expected. Telefonica Brazil (VIV, quote) has a dividend income of 3.85% and over the last month of market action, Telefonica Brazil is up 8.10%.
Participating in a round table discussion at the Mobile World Congress, the CEO of Telefonica (TEF, quote) in Latin America, Santiago Fernandez Valbuena, brought out some extremely positive notes on the rate of growth in the region.
As far as Itaú BBA is concerned, the looming quarterly results from Latin America’s biggest telecom carriers will be uneventful — but any surprise could still move these stocks.
Brazil is entering a four-year cycle in which it will become the focal point of billions around the world for hosting the World Cup and Olympics. Along with the greater attention of those from around the world will come greater investments in Brazil’s infrastructure to make it a showcase for both events.
Stocks in the emerging world have been beaten worse than even their European counterparts. We lay out some strategy for investors in this week’s Trading the Globe.
