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MarketScreener Homepage  >  Equities  >  Bolsa de Valores de Sao Paulo  >  Telefônica Brasil S.A.    VIVT4   BRVIVTACNPR7

TELEFÔNICA BRASIL S.A.

(VIVT4)
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Telefonica Brasil SA : 11/22/2011 - Notice to the Market - Change of Independent Auditor

11/22/2011 | 04:50pm EST
TELEFÔNICA BRASIL S.A.

PUBLICLY?HELD COMPANY
CNPJ/MF nº 02.558.157/0001?62 - NIRE 35.3.0015881?4

NOTICE TO THE MARKET CHANGE OF INDEPENDENT AUDITOR - CVM INSTRUCTION No. 308/99

Telefônica Brasil S.A. ("Telefônica Brasil" or "Company"), in accordance with article 31 of CVM Instruction no. 308/99, as amended, which determines the rotation of independent auditors every five years, hereby informs to its shareholders and the market in general that, on the meeting held on November 7, 2011, the Company's Board of Directors approved the hiring of Directa Independent Auditors ("Directa"). Directa will begin its activities from the review of quarterly information of the first quarter of 2012.
However, Ernst & Young Terco continues as auditor of Telefônica Brasil S.A. in relation to the financial statements prepared in accordance with the international accounting standards (IFRS) for purposes of filling the 20?F in the Securities and Exchange Commission (SEC).
Additionally, Ernst & Young Terco continues as auditor of the Telefônica Brasil S.A. subsidiaries (all privately held), for which there is no requirement of auditors' rotation, namely: Vivo S.A., A Telecom S.A., Telefónica Data S.A., Telefónica Sistema de Televisão S.A., Ajato Telecomunicação Ltda., and its affiliates: Comercial Cabo TV São Paulo S.A., TVA Sul Paraná S.A., GTR?T Participações e Empreendimentos S.A. and Lemontree Participações S.A.
São Paulo, November 22, 2011. Gilmar Roberto Pereira Camurra
Investor Relations Officer Telefônica Brasil S.A. Investor Relations
Tel: +55 11 7420?1172
Email: ri.telefonicabr@telefonica.com.br
Available information: www.telefonica.com.br/investidores


© Publicnow 2011
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Financials
Sales 2020 42 932 M 8 122 M 8 122 M
Net income 2020 4 852 M 918 M 918 M
Net Debt 2020 6 957 M 1 316 M 1 316 M
P/E ratio 2020 15,9x
Yield 2020 8,38%
Capitalization 75 451 M 14 373 M 14 274 M
EV / Sales 2020 1,92x
EV / Sales 2021 1,91x
Nbr of Employees 32 793
Free-Float 72,6%
Chart TELEFÔNICA BRASIL S.A.
Duration : Period :
Telefônica Brasil S.A. Technical Analysis Chart | VIVT4 | BRVIVTACNPR7 | MarketScreener
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 8
Average target price 60,50 BRL
Last Close Price 44,68 BRL
Spread / Highest target 56,7%
Spread / Average Target 35,4%
Spread / Lowest Target 25,3%
EPS Revisions
Managers and Directors
NameTitle
Christian Mauad Gebara Chief Executive Officer & Director
Eduardo Navarro de Carvalho Chairman
David Melcon Sanchez-Friera Chief Financial & Investor Relations Officer
Francisco Javier de Paz Mancho Director
Luiz Fernando Furlán Director
Sector and Competitors