Telefônica Brasil (NYSE:VIV) Issues Earnings Results

Telefônica Brasil (NYSE:VIV) issued its quarterly earnings data on Tuesday. The Wireless communications provider reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01, Zacks reports. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%.

Telefônica Brasil Price Performance

Shares of VIV stock opened at $9.22 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. Telefônica Brasil has a twelve month low of $7.47 and a twelve month high of $11.43. The company has a market cap of $15.23 billion, a P/E ratio of 14.63, a P/E/G ratio of 0.84 and a beta of 0.79. The business has a fifty day simple moving average of $8.37 and a 200 day simple moving average of $8.99.

Analysts Set New Price Targets

Several analysts have recently issued reports on VIV shares. Barclays increased their target price on Telefônica Brasil from $11.50 to $11.80 and gave the stock an “equal weight” rating in a report on Monday, November 25th. New Street Research lowered Telefônica Brasil from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. The Goldman Sachs Group reduced their target price on Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating on the stock in a report on Thursday, December 19th. Finally, StockNews.com raised Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 9th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $10.47.

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.