Telefônica Brasil (NYSE:VIV – Get Free Report) released its earnings results on Monday. The Wireless communications provider reported $0.14 earnings per share for the quarter, meeting the consensus estimate of $0.14, Yahoo Finance reports. The company had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Telefônica Brasil had a return on equity of 7.43% and a net margin of 9.65%. During the same quarter in the previous year, the business posted $0.14 EPS.
Telefônica Brasil Price Performance
VIV traded up $0.23 on Wednesday, reaching $8.58. The stock had a trading volume of 964,913 shares, compared to its average volume of 875,412. Telefônica Brasil has a fifty-two week low of $8.02 and a fifty-two week high of $11.43. The firm has a 50-day moving average of $8.53 and a 200-day moving average of $9.55. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $14.27 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 0.81 and a beta of 0.79.
Telefônica Brasil Increases Dividend
The company also recently announced a — dividend, which was paid on Monday, July 29th. Shareholders of record on Friday, January 1st were issued a $0.0617 dividend. This represents a yield of 3.3%. The ex-dividend date of this dividend was Monday, July 29th. This is a boost from Telefônica Brasil’s previous — dividend of $0.02. Telefônica Brasil’s dividend payout ratio is presently 53.97%.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on Telefônica Brasil
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.
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