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MarketScreener Homepage  >  Equities  >  Bolsa de valores de Sao Paulo  >  CIELO S.A.    CIEL3   BRCIELACNOR3

CIELO S.A.

(CIEL3)
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Facebook, Cielo ask Brazil's antitrust watchdog to reverse decision on payments deal

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06/29/2020 | 02:01pm EDT
FILE PHOTO: A 3D-printed Facebook logo is seen placed on a keyboard in this illustration

By Marcela Ayres

Facebook Inc and card acquirer Cielo SA have asked Brazil's antitrust watchdog Cade to reverse the suspension of an agreement they struck paving the way for WhatsApp to roll out a new payments system, according to a document.

Both companies argued that their agreement was not exclusive and allowed rival card acquirers to forge deals with the U.S. social media giant's WhatsApp messaging system. They also said they did not operate in the same business and had merely entered a financial services agreement, saying that meant the partnership would not offer risks in terms of market concentration.

"Facebook and WhatsApp will just offer an additional channel for payments transaction between consumers and merchants," both companies said in the document sent to Cade, which was filed on Friday but became public on Monday.

Brazil's central bank and antitrust watchdog suspended WhatsApp's newly launched payments service last week, warning about potential damage in the areas of competition, efficiency and data privacy. The regulators blocked WhatsApp partnerships with Visa Inc, Mastercard Inc and Cielo SA.

(Reporting by Marcela Ayres, in Brasilia; writing by Carolina Mandl, in Sao Paulo; Editing by Dan Grebler)

Stocks mentioned in the article
ChangeLast1st jan.
CIELO S.A. 5.26% 5 End-of-day quote.-40.26%
FACEBOOK 1.13% 243.58 Delayed Quote.17.35%
MASTERCARD 0.21% 300.15 Delayed Quote.2.34%
VISA 0.45% 195.07 Delayed Quote.3.35%
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Latest news on CIELO S.A.
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Financials
Sales 2020 11 425 M 2 139 M 2 139 M
Net income 2020 694 M 130 M 130 M
Net Debt 2020 6 644 M 1 244 M 1 244 M
P/E ratio 2020 19,5x
Yield 2020 1,85%
Capitalization 12 869 M 2 392 M 2 410 M
EV / Sales 2019
EV / Sales 2020 1,71x
Nbr of Employees 3 000
Free-Float 41,0%
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Technical analysis trends CIELO S.A.
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Average target price 5,49 BRL
Last Close Price 5,00 BRL
Spread / Highest target 50,0%
Spread / Average Target 9,85%
Spread / Lowest Target -30,0%
EPS Revisions
Managers
NameTitle
Paulo Rogério Caffarelli Chief Executive Officer
Marcelo de Araújo Noronha Chairman
Edison Yoshiharu Kinoshita Executive VP-Operations & Customer Service
Gustavo Henrique Santos de Sousa Chief Financial Officer & IR Officer
José Maurício Pereira Coelho Director
Sector and Competitors
1st jan.Capitalization (M$)
CIELO S.A.-40.26%2 420
FISERV, INC.-16.28%64 813
GLOBAL PAYMENTS INC.-8.22%50 118
FLEETCOR TECHNOLOGIES, INC.-12.15%21 183
PAGSEGURO DIGITAL LTD.13.55%12 715
AFTERPAY LIMITED125.41%12 711