Telefônica Brasil (NYSE:VIV - Get Free Report) announced 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 firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $14.41 billion. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%.
Telefônica Brasil Stock Performance
Shares of Telefônica Brasil stock opened at $9.57 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.91. The firm has a market cap of $15.82 billion, a P/E ratio of 15.19, a P/E/G ratio of 0.84 and a beta of 0.73. The firm has a 50 day simple moving average of $14.35 and a 200 day simple moving average of $16.12. Telefônica Brasil has a fifty-two week low of $7.47 and a fifty-two week high of $10.41.
Telefônica Brasil Increases Dividend
The business also recently declared a dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 25th were issued 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 currently 42.62%.
Analyst Ratings Changes
VIV has been the topic of several research analyst reports. Barclays upgraded shares of Telefônica Brasil from an "equal weight" rating to an "overweight" rating and decreased their price target for the stock from $23.60 to $23.00 in a research report on Monday, March 3rd. The Goldman Sachs Group raised their price target 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. StockNews.com upgraded shares of Telefônica Brasil from a "buy" rating to a "strong-buy" rating in a research report on Monday. Finally, Scotiabank decreased their target price on shares of Telefônica Brasil from $20.80 to $18.40 and set a "sector perform" rating on the stock in a research report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $17.23.
Read Our Latest Research Report on VIV
About Telefônica Brasil
(
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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.
Further Reading
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