Telefônica Brasil S.A. (VIV) To Go Ex-Dividend on August 27th

Telefônica Brasil S.A. (NYSE:VIV) announced a — dividend on Monday, August 19th, Wall Street Journal reports. Investors of record on Friday, January 1st will be paid a dividend of 0.0379 per share by the Wireless communications provider on Tuesday, August 27th. This represents a dividend yield of 3.2%. The ex-dividend date is Tuesday, August 27th.

Telefônica Brasil has raised its dividend by an average of 9.2% per year over the last three years.

Telefônica Brasil Price Performance

Shares of NYSE VIV opened at $9.68 on Friday. The stock’s 50-day simple moving average is $8.75 and its two-hundred day simple moving average is $9.40. Telefônica Brasil has a twelve month low of $8.02 and a twelve month high of $11.43. The firm has a market capitalization of $16.10 billion, a P/E ratio of 15.37, a P/E/G ratio of 0.90 and a beta of 0.79. The company has a quick ratio of 0.98, a current ratio of 1.03 and a debt-to-equity ratio of 0.21.

Telefônica Brasil (NYSE:VIV) last posted its quarterly earnings data on Monday, July 29th. The Wireless communications provider reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. The company had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Telefônica Brasil had a net margin of 9.65% and a return on equity of 7.53%. During the same period in the prior year, the business earned $0.14 earnings per share. As a group, equities analysts anticipate that Telefônica Brasil will post 0.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Morgan Stanley upgraded shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a research report on Thursday, July 11th. Barclays increased their target price on Telefônica Brasil from $11.00 to $11.50 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Finally, StockNews.com raised Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.17.

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.