Telefonica Brasil S.A. (NYSE:VIV) Announces Quarterly Earnings Results
Telefonica Brasil S.A. (NYSE:VIV) posted its earnings results on Wednesday. The Wireless communications provider reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.06, Morningstar.com reports. The company had revenue of $3.33 billion for the quarter. Telefonica Brasil had a net margin of 9.09% and a return on equity of 5.70%.
Telefonica Brasil (VIV) traded up 1.78% during trading on Thursday, reaching $14.86. 1,499,102 shares of the company’s stock traded hands. The firm has a market cap of $25.09 billion, a price-to-earnings ratio of 20.67 and a beta of 1.32. The company has a 50 day moving average of $13.94 and a 200 day moving average of $14.51. Telefonica Brasil has a one year low of $11.95 and a one year high of $15.69.
The business also recently announced a dividend, which was paid on Thursday, July 6th. Shareholders of record on Thursday, July 6th were paid a dividend of $0.015 per share. The ex-dividend date of this dividend was Monday, July 3rd. Telefonica Brasil’s dividend payout ratio is currently 92.86%.
Several equities analysts have issued reports on the stock. BidaskClub cut shares of Telefonica Brasil from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Zacks Investment Research upgraded shares of Telefonica Brasil from a “sell” rating to a “hold” rating and set a $17.00 target price on the stock in a research note on Thursday, April 20th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $15.50 target price on shares of Telefonica Brasil in a research note on Tuesday, May 16th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Telefonica Brasil currently has a consensus rating of “Hold” and a consensus price target of $16.33.
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A number of large investors have recently modified their holdings of the company. GRATRY & Co LLC increased its stake in shares of Telefonica Brasil by 1.1% in the first quarter. GRATRY & Co LLC now owns 11,352 shares of the Wireless communications provider’s stock valued at $169,000 after buying an additional 125 shares in the last quarter. Comerica Bank increased its stake in shares of Telefonica Brasil by 0.5% in the first quarter. Comerica Bank now owns 65,552 shares of the Wireless communications provider’s stock valued at $963,000 after buying an additional 344 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Telefonica Brasil by 223.3% in the first quarter. BNP Paribas Arbitrage SA now owns 80,046 shares of the Wireless communications provider’s stock valued at $1,189,000 after buying an additional 55,288 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Telefonica Brasil by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 220,472 shares of the Wireless communications provider’s stock valued at $3,273,000 after buying an additional 1,212 shares in the last quarter. Finally, Princeton Alpha Management LP acquired a new stake in shares of Telefonica Brasil during the first quarter valued at $158,000. 10.97% of the stock is owned by institutional investors and hedge funds.
Telefonica Brasil Company Profile
Telefonica Brasil SA is a mobile telecommunications company in Brazil offering postpaid mobile services. The Company also operates as a fixed telecommunications company in the state of Sao Paulo. The Company markets its mobile services under its Vivo brand. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband, Pay television, information technology and digital services.
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