Telefônica Brasil (NYSE:VIV) Announces Earnings Results, Hits Estimates

Telefônica Brasil (NYSE:VIV) posted its quarterly earnings results on Monday. The Wireless communications provider reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14, Yahoo Finance reports. Telefônica Brasil had a return on equity of 7.39% and a net margin of 9.63%. The business had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same quarter last year, the company posted $0.14 earnings per share.

Telefônica Brasil Price Performance

NYSE:VIV traded down $0.21 during mid-day trading on Tuesday, reaching $8.37. The stock had a trading volume of 117,744 shares, compared to its average volume of 868,293. The stock has a 50-day simple moving average of $8.54 and a two-hundred day simple moving average of $9.56. The stock has a market capitalization of $13.92 billion, a PE ratio of 13.64, a P/E/G ratio of 0.79 and a beta of 0.79. 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 12 month low of $8.02 and a 12 month high of $11.43.

Telefônica Brasil Increases Dividend

The firm also recently declared a — dividend, which was paid on Monday, July 29th. Stockholders of record on Friday, January 1st were given a $0.0617 dividend. This represents a dividend yield of 3.3%. This is an increase from Telefônica Brasil’s previous — dividend of $0.02. The ex-dividend date was Monday, July 29th. Telefônica Brasil’s payout ratio is presently 44.45%.

Wall Street Analysts Forecast Growth

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

Telefônica Brasil Company Profile

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.