Telefônica Brasil S.A. (VIV) to Issue — Dividend of $0.04 on April 30th

Telefônica Brasil S.A. (NYSE:VIV) declared a — dividend on Thursday, April 25th, Wall Street Journal reports. Stockholders of record on Friday, January 1st will be paid a dividend of 0.0373 per share by the Wireless communications provider on Tuesday, April 30th. This represents a dividend yield of 4.7%. The ex-dividend date is Tuesday, April 30th.

Telefônica Brasil Stock Up 1.2 %

Shares of VIV opened at $9.42 on Friday. Telefônica Brasil has a 12 month low of $7.87 and a 12 month high of $11.43. The firm’s 50 day moving average is $10.20 and its 200-day moving average is $10.24. The stock has a market capitalization of $15.66 billion, a PE ratio of 15.19, a P/E/G ratio of 0.72 and a beta of 0.75. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.20.

Telefônica Brasil (NYSE:VIV) last posted its quarterly earnings results on Tuesday, February 20th. The Wireless communications provider reported $0.20 earnings per share (EPS) for the quarter. The business had revenue of $2.73 billion for the quarter. Telefônica Brasil had a net margin of 9.70% and a return on equity of 7.33%. Equities research analysts forecast that Telefônica Brasil will post 0.7 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. StockNews.com upgraded shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 20th. Morgan Stanley reiterated an “equal weight” rating and set a $11.00 price target on shares of Telefônica Brasil in a research report on Friday, January 5th. Finally, Barclays reduced their price target on shares of Telefônica Brasil from $13.50 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Telefônica Brasil presently has an average rating of “Moderate Buy” and an average price target of $11.60.

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.