Telefônica Brasil (NYSE:VIV) Announces Earnings Results

Telefônica Brasil (NYSE:VIV) released its earnings results on Tuesday. The Wireless communications provider reported $0.18 EPS for the quarter, beating the consensus estimate of $0.15 by $0.03, Zacks reports. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Telefônica Brasil had a return on equity of 7.53% and a net margin of 9.65%. During the same period last year, the firm earned $0.18 EPS.

Telefônica Brasil Stock Performance

Shares of VIV traded up $0.12 during mid-day trading on Wednesday, reaching $9.31. The company’s stock had a trading volume of 346,143 shares, compared to its average volume of 813,363. The company has a current ratio of 1.03, a quick ratio of 0.98 and a debt-to-equity ratio of 0.21. Telefônica Brasil has a 1-year low of $8.02 and a 1-year high of $11.43. The business has a 50-day simple moving average of $9.66 and a two-hundred day simple moving average of $9.14. The stock has a market cap of $15.49 billion, a P/E ratio of 14.83, a PEG ratio of 0.91 and a beta of 0.81.

Telefônica Brasil Cuts Dividend

The firm also recently declared a — dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 27th were given a dividend of $0.0379 per share. This represents a yield of 3.2%. The ex-dividend date was Tuesday, August 27th. Telefônica Brasil’s dividend payout ratio (DPR) is presently 42.86%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on VIV shares. Barclays boosted their price target on Telefônica Brasil from $11.00 to $11.50 and gave the company an “equal weight” rating in a report on Thursday, August 1st. StockNews.com lowered shares of Telefônica Brasil from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 21st. Scotiabank increased their price objective on shares of Telefônica Brasil from $9.20 to $10.40 and gave the stock a “sector perform” rating in a research note on Friday, September 20th. Finally, Morgan Stanley raised Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a research report on Thursday, July 11th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Telefônica Brasil currently has a consensus rating of “Moderate Buy” and an average price target of $10.97.

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.