Telefônica Brasil (NYSE:VIV) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Telefônica Brasil (NYSE:VIV) issued its quarterly earnings data on Tuesday. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01, Zacks reports. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%.

Telefônica Brasil Stock Performance

VIV stock traded up $0.13 during midday trading on Tuesday, hitting $9.22. The stock had a trading volume of 832,478 shares, compared to its average volume of 835,227. Telefônica Brasil has a 52 week low of $7.47 and a 52 week high of $11.43. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19. The stock has a 50-day simple moving average of $8.35 and a 200 day simple moving average of $8.99. The firm has a market capitalization of $15.23 billion, a price-to-earnings ratio of 14.63, a P/E/G ratio of 0.84 and a beta of 0.79.

Analyst Ratings Changes

Several research firms have recently issued reports on VIV. New Street Research downgraded Telefônica Brasil from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Barclays upped their target price on Telefônica Brasil from $11.50 to $11.80 and gave the stock an “equal weight” rating in a research report on Monday, November 25th. The Goldman Sachs Group dropped their price target on shares of Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Finally, StockNews.com raised shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 9th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Telefônica Brasil has an average rating of “Moderate Buy” and a consensus price target of $10.47.

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.