Telefônica Brasil (NYSE:VIV) Announces Earnings Results

Telefônica Brasil (NYSE:VIV) issued its quarterly earnings results on Monday. The Wireless communications provider reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14, Yahoo Finance reports. Telefônica Brasil had a net margin of 9.65% and a return on equity of 7.43%. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same quarter in the prior year, the business posted $0.14 EPS.

Telefônica Brasil Stock Up 2.8 %

Shares of Telefônica Brasil stock traded up $0.23 during trading hours on Wednesday, hitting $8.58. The company had a trading volume of 964,913 shares, compared to its average volume of 875,412. The company has a market cap of $14.27 billion, a P/E ratio of 13.27, a price-to-earnings-growth ratio of 0.81 and a beta of 0.79. The company’s 50-day moving average is $8.53 and its two-hundred day moving average is $9.55. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.01 and a quick ratio of 0.97. Telefônica Brasil has a twelve month low of $8.02 and a twelve month high of $11.43.

Telefônica Brasil Increases Dividend

The company also recently declared a — dividend, which was paid on Monday, July 29th. Shareholders of record on Friday, January 1st were issued a dividend of $0.0617 per share. This represents a yield of 3.3%. The ex-dividend date was Monday, July 29th. This is a boost from Telefônica Brasil’s previous — dividend of $0.02. Telefônica Brasil’s payout ratio is 53.97%.

Analyst Upgrades and Downgrades

VIV has been the subject of several recent research reports. Morgan Stanley raised shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a report on Thursday, July 11th. Barclays reduced their target price on shares of Telefônica Brasil from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Thursday, May 9th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Telefônica Brasil has a consensus rating of “Moderate Buy” and an average price target of $11.35.

About Telefônica Brasil

Telefônica Brasil SA, together with its subsidiaries, operates as a mobile telecommunications company in Brazil. Its fixed line services portfolio includes local, domestic long-distance, and international long-distance calls; and mobile portfolio comprises voice and broadband internet access through 3G, 4G, 4.5G, and 5G, as well as mobile value-added and wireless roaming services.