TIM Brasil faces a growing cost disadvantage despite its prepaid leadership in Brazil.
We have taken a fresh look at TIM Brasil and reiterate our no-moat and negative trend ratings and our $18 fair value estimate per U.S. ADR. TIM Brasil is one of the largest wireless carriers in Brazil, after Vivo, but almost neck and neck with Claro on the number of customers, and is the biggest prepaid carrier in the country. Despite its size, we believe the firm is at a disadvantage to the other two because of its inability to fully participate in the convergence trend. Vivo and Claro are cros...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.