Telefônica Brasil (NYSE:VIV) Issues Quarterly Earnings Results

Telefônica Brasil (NYSE:VIV) posted its quarterly earnings results on Tuesday. The Wireless communications provider reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.03, Zacks reports. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the business earned $0.18 earnings per share.

Telefônica Brasil Stock Up 1.0 %

VIV opened at $9.38 on Friday. Telefônica Brasil has a fifty-two week low of $8.02 and a fifty-two week high of $11.43. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 0.96. The stock has a market cap of $15.60 billion, a price-to-earnings ratio of 14.89, a price-to-earnings-growth ratio of 0.92 and a beta of 0.81. The firm’s fifty day moving average is $9.66 and its 200 day moving average is $9.14.

Telefônica Brasil Cuts Dividend

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Morgan Stanley raised Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a research report on Thursday, July 11th. StockNews.com upgraded shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Scotiabank raised their price target on 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, Barclays upped their price objective on Telefônica Brasil from $11.00 to $11.50 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.