Telefônica Brasil (NYSE:VIV) Releases Quarterly Earnings Results, Meets Expectations

Telefônica Brasil (NYSE:VIV) posted its earnings results on Monday. The Wireless communications provider reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14, Yahoo Finance reports. Telefônica Brasil had a return on equity of 7.43% and a net margin of 9.65%. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.51 billion. During the same period in the previous year, the company earned $0.14 EPS.

Telefônica Brasil Price Performance

VIV traded up $0.22 on Wednesday, reaching $8.57. The company had a trading volume of 424,893 shares, compared to its average volume of 871,111. The business has a 50 day simple moving average of $8.53 and a 200 day simple moving average of $9.55. The company has a market cap of $14.26 billion, a price-to-earnings ratio of 13.27, a P/E/G ratio of 0.81 and a beta of 0.79. Telefônica Brasil has a 52-week low of $8.02 and a 52-week high of $11.43. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 1.01.

Telefônica Brasil Increases Dividend

The business also recently announced a — dividend, which was paid on Monday, July 29th. Shareholders of record on Friday, January 1st were issued a dividend of $0.0617 per share. This represents a yield of 3.3%. The ex-dividend date was Monday, July 29th. This is a positive change from Telefônica Brasil’s previous — dividend of $0.02. Telefônica Brasil’s payout ratio is presently 53.97%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on VIV shares. Barclays cut their price objective on shares of Telefônica Brasil from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 9th. Morgan Stanley upgraded Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a research report on Thursday, July 11th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $11.35.

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.