Telefônica Brasil (NYSE:VIV) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Telefônica Brasil (NYSE:VIV - Get Free Report) released its earnings results on Monday. The Wireless communications provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01), Zacks reports. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $14.41 billion. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%.

Telefônica Brasil Trading Down 1.0%

Shares of NYSE VIV traded down $0.10 during mid-day trading on Friday, hitting $9.82. The company's stock had a trading volume of 1,550,749 shares, compared to its average volume of 843,924. The stock has a market cap of $16.22 billion, a price-to-earnings ratio of 15.58, a price-to-earnings-growth ratio of 0.84 and a beta of 0.73. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.91. Telefônica Brasil has a one year low of $7.47 and a one year high of $10.41. The company's fifty day simple moving average is $13.80 and its 200-day simple moving average is $15.90.

Telefônica Brasil Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 25th were paid a $0.043 dividend. The ex-dividend date was Tuesday, March 25th. This is a positive change from Telefônica Brasil's previous dividend of $0.02. Telefônica Brasil's dividend payout ratio (DPR) is 42.62%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on VIV shares. Scotiabank dropped their price objective on shares of Telefônica Brasil from $20.80 to $18.40 and set a "sector perform" rating for the company in a research note on Thursday, February 27th. StockNews.com upgraded shares of Telefônica Brasil from a "buy" rating to a "strong-buy" rating in a research report on Monday, May 12th. Barclays upgraded shares of Telefônica Brasil from an "equal weight" rating to an "overweight" rating and dropped their target price for the stock from $23.60 to $23.00 in a research report on Monday, March 3rd. Finally, The Goldman Sachs Group increased their target price on shares of Telefônica Brasil from $9.20 to $10.30 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Telefônica Brasil has a consensus rating of "Moderate Buy" and a consensus price target of $17.23.

Institutional Trading of Telefônica Brasil

An institutional investor recently raised its position in Telefônica Brasil stock. Royal Bank of Canada raised its holdings in shares of Telefônica Brasil S.A. (NYSE:VIV - Free Report) by 30.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 431,051 shares of the Wireless communications provider's stock after acquiring an additional 100,315 shares during the quarter. Royal Bank of Canada's holdings in Telefônica Brasil were worth $3,758,000 at the end of the most recent reporting period. 5.16% of the stock is currently owned by hedge funds and other institutional investors.

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.