Telefonica Brasil (NYSE:VIV) Issues Quarterly Earnings Results

Key Points

• Telefonica Brasil reported a quarterly earnings per share (EPS) of $0.15, exceeding the consensus estimate of $0.12 by $0.03.
• The stock is currently valued at $10.96, with a trading volume of over 1.5 million shares and has experienced a 52-week range between $7.47 and $11.96.
• Analysts have mixed reviews on the stock, with Barclays raising its price target to $12.50 while others have maintained a "hold" rating, indicating varied confidence among investors.

Telefonica Brasil (NYSE:VIV - Get Free Report) announced its quarterly earnings results on Monday. The Wireless communications provider reported $0.15 EPS for the quarter, beating the consensus estimate of $0.12 by $0.03, Zacks reports. Telefonica Brasil had a return on equity of 8.09% and a net margin of 10.07%.

Telefonica Brasil Stock Performance

VIV stock traded down $0.10 during midday trading on Monday, hitting $10.96. The stock had a trading volume of 1,582,979 shares, compared to its average volume of 1,365,865. The firm has a market capitalization of $18.10 billion, a price-to-earnings ratio of 17.96, a P/E/G ratio of 0.74 and a beta of 0.75. Telefonica Brasil has a 52 week low of $7.47 and a 52 week high of $11.96. The stock has a 50-day simple moving average of $10.77 and a 200 day simple moving average of $13.78. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.20.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of VIV. Rhumbline Advisers lifted its holdings in shares of Telefonica Brasil by 337.7% during the first quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider's stock valued at $37,000 after acquiring an additional 3,266 shares during the period. Advisors Asset Management Inc. bought a new position in shares of Telefonica Brasil during the first quarter valued at $52,000. Finally, Royal Bank of Canada lifted its holdings in shares of Telefonica Brasil by 30.3% during the first quarter. Royal Bank of Canada now owns 431,051 shares of the Wireless communications provider's stock valued at $3,758,000 after acquiring an additional 100,315 shares during the period. 5.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on VIV. Barclays increased their price target on Telefonica Brasil from $11.50 to $12.50 and gave the company an "overweight" rating in a report on Monday, July 14th. Wall Street Zen cut Telefonica Brasil from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Finally, The Goldman Sachs Group increased their price objective on Telefonica Brasil from $9.20 to $10.30 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $13.73.

About Telefonica 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.

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