Telefonica Brasil SA (VIV) Releases Quarterly Earnings, Misses Expectations By $0.05 EPS
Telefonica Brasil SA (NYSE:VIV) issued its quarterly earnings data on Tuesday. The company reported $0.27 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.32 by $0.05, AnalystRatings.Net reports.
Shares of Telefonica Brasil SA (NYSE:VIV) opened at 21.15 on Tuesday. Telefonica Brasil SA has a 52-week low of $17.78 and a 52-week high of $27.00. The stock’s 50-day moving average is $20.91 and its 200-day moving average is $19.61. The company has a market cap of $23.757 billion and a price-to-earnings ratio of 14.70.
Several analysts have recently commented on the stock. Analysts at TheStreet downgraded shares of Telefonica Brasil SA from a “buy” rating to a “hold” rating in a research note on Monday, May 12th. On a related note, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Telefonica Brasil SA in a research note on Friday, May 9th. They now have a $23.00 price target on the stock, up previously from $22.00. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Telefonica Brasil SA presently has an average rating of “Hold” and an average target price of $23.79.
Telefonica Brasil SA, formerly Telecomunicacoes de Sao Paulo SA – Telesp, is a Brazil-based company engaged in the telecommunications sector.
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